Mandeep Auto Industries Limited

Company Name	Mandeep Auto Industries Limited
Open Date	13-05-2024
Close Date	15-05-2024
Exchange	NSE SME
Lot Size	2000 Shares
Issue Price	₹67 per share
Issue Size	37,68,000 shares
Application Amount	₹1,34,000
Recommendation	Risk Averse investors should wait and Risk Seekers should apply

Mandeep Auto Industries was established in the year 2000 as a sole proprietorship in Faridabad, Haryana. It initially started with sheet metal components and currently manufactures and sells auto parts, machined components, and various sprocket gears. The company sells these products to well-known OEM Companies operating in Military, Railroads or Auto-Parts Manufacturing Industry. The company operates mostly in the northern region of the country and plans to enter other regions as well. As on May 06 2024, the company had 54 employees under its payroll and 15 contract labourers.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Dec-23
Total Assets	1,050.14	1,297.78	1,963.10	2,424.68
Net Assets	280.41	413.61	453.53	820.79
Total Borrowings	401.81	527.55	829.83	820.84
Total Revenue	1,563.49	2,189.73	2,978.73	2,171.15
Profit After Tax	49.83	64.71	104.93	236.55

Tentative Timeline

Opening Date	13-05-2024
Closing Date	15-05-2024
Basis of Allotment	16-05-2024
Initiation of Refunds	17-05-2024
Credit of Shares to Demat	17-05-2024
Listing Date	21-05-2024

Objects of the Issue

Expansion of the existing Manufacturing Facility by construction of the building on the land adjacent to the existing manufacturing unit, purchase of equipment/machineries, etc.

Repayment/prepayment of certain borrowings availed by the Company.

Funding Working Capital Requirements.

General Corporate Purposes.

Contact Information

Registered Office	Mandeep Auto Industries Limited Plot No 26, Nangla Faridabad-121001
Phone	+91-129-2440045
Email	info@mandeepautoindustries.com
Website	https://www.mandeepautoindustries.com/

Offer Documents

Mandeep Auto Industries IPO DRHP

Mandeep Auto Industries IPO RHP

Registrar Details

Name	Cameo Corporate Services Limited
Phone	+91-44-28460390
Email	ipo@cameoindia.com
Website	https://ipo.cameoindia.com/

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	190,000 (5.04%)
Other Shares Offered	1,789,000 (47.48%)
Retail Shares Offered	1,789,000 (47.48%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	99.97%
Share Holding Post Issue (Promoters)	63.53%