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Mandeep Auto Industries Limited IPO Date, Price, Review and Details

 

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Mandeep Auto Industries Limited IPO

May 13, 2024 - May 15, 2024 Closed

Mandeep Auto Industries Limited IPO

Mandeep Auto Industries is engaged in company makes and delivers sheet metal parts, auto components, and various kinds of gears and machined parts. These are used in different industries like farming, cars, moving heavy materials, building trains, protecting countries, making machines, and even for do-it-yourself projects. They make these items in their manufacturing plant.  They have a strong connection with their customers and most of their business. They always talk to their customers either in person or through marketing and they keep them up to date. Their Sales for designing and implanting business development strategies adapted to all markets and forging local global profitable growth.

Company Promoters:

  • Mr. Gurpal Singh Bedi
  • Mrs. Nidhi Bedi
  • Mr. Rajveer Bedi   

Objects of this Issue:

  • Expansion of the existing Manufacturing Facility.
  • Repayment/prepayment of certain borrowings availed by their Company.
  • Funding working capital requirements.
  • General Corporate Purpose 

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2024

As on 30 March 2023

As on 31 Mar 2022

Total Assets

196,314,703

129,780,776

105,017,497

Total Liabilities

150,960,782

88,419,577

76,975,553

Net Profit

10,491,003

6,469,086

4,981,025

Mandeep Auto Industries Limited IPO Schedule

1.     Bid or Offer Opens on: 13 May 2024
2.     Bid or Offer Closes on: 15 May 2024
3.     Finalization of BoA: 16 May 2024
4.     Initiation of Refunds: 17 May 2024
5.     Credit of shares to Demat account: 17 May 2024
6.     Listing Date: 21 May 2024

Mandeep Auto Industries Limited IPO Lot Size

The market lot size of Mandeep Auto Industries Limited IPO is 4,000 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  2000

₹134,000

Maximum

1

  2000

₹134,000

S-HNI(Minimum)

2

  4,000

₹268,000

Company Contact Details:

Plot No 26, Nangla, Faridabad

Haryana -121001

Phone:  +91-129-2440045

Email:  info@mandeepautoindustries.com

Website: www.mandeepautoindustries.com

 

Mandeep Auto Industries Limited IPO Registrar Details:

Cameo Corporate Services Limited

#1, Club House Road, Chennai - 600 002

Telephone: +91-44-40020700

Email:  ipo@cameoindia.com

Website:  www.cameoindia.com

Frequently Asked Question

IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
You will receive on Mandeep Auto Industries Limited IPO shares in your Demat account on May 16, 2024, if allotted.
If you do not get the allotment of on Mandeep Auto Industries Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Mandeep Auto Industries Limited IPO share price ₹67 per share.
Opening date of Mandeep Auto Industries Limited IPO is May 13, 2024.
Mandeep Auto Industries Limited IPO shares will get listed on May 21, 2024.
The face value of Mandeep Auto Industries Limited IPO is ₹10 per share.
Pre-issue shareholding of the Mandeep Auto Industries Limited IPO promoter is 99.97%.
Lot size of the Mandeep Auto Industries Limited IPO is 2000 shares.
The meaning of " Mandeep Auto Industries Limited IPO " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Mandeep Auto Industries Limited IPO on the current day.
Closing date of Mandeep Auto Industries Limited IPO is May 15, 2024.
Mandeep Auto Industries Limited IPO limited share price Shares will be listed at NSE SME.
Potential benefits include, 1. Opportunity to invest in a growing company in the automotive industry, 2. Potential for capital gains if the company's shares perform well, 3.Diversification of investment portfolio.
In case of oversubscription, the shares will be allotted proportionately as per the SEBI guidelines. Retail investors may receive a smaller allotment compared to their application size.
Post-issue shareholding of the Mandeep Auto Industries Limited IPO promoter is 63.53%.
The meaning of " Mandeep Auto Industries Limited IPO " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Mandeep Auto Industries Limited IPO on the current day.
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