Mandeep Auto Industries Limited (NSE SME)
May 13, 2024 - May 15, 2024
| Price | ₹67 - ₹67 |
| Premium | ₹4 |
|---|---|
| Lot size | 2000 |
| Allotment | May 16, 2024 |
| Listing | May 21, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 134000 | 895 |
| HNI | 2 | 4000 | 268000 | 894 |
Last updated on 15-May-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1788000 | 110280000 | 61.68 |
| RETAIL | 1790000 | 161976000 | 90.49 |
| Total | 3578000 | 272256000 | 76.09 |
| Retail Apps | 80988 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹5.55 | @8% ₹6.34 | @9% ₹7.13 | @10% ₹7.93 | @11% ₹8.72 | @12% ₹9.51 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1790000 |
| Other | 47.5% | 1788000 |
| Market Maker | 5.0% | 190000 |
| Total No. of Shares | 100.0% | 3768000 |
IPO Details
| Issue Size | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Fresh Issue | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,569,894 |
| Share holding post issue | 10,337,894 |
| Market Maker portion | 190,000 shares Aftertrade Share Broking |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 30.15% | 24.20% | 18.64% |
| ROCE | 27.94% | 28.18% | 17.02% |
| RONW | 30.15% | 24.20% | 18.64% |
| D/E | 1.00 | 1.83 | 0.74 |
| EPS (basic & Diluted) | 6.6 | ||
| P/BV | 5.36 | ||
| P/E Pre IPO | 10.15 |
Company Financials
Mandeep Auto Industries Limited Financial Information (Restated Standalone)
Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 2,424.73 | 1,963.15 | 1,297.81 | 1,050.17 |
| Revenue | 1,656.76 | 2,978.74 | 2,189.73 | 1,563.49 |
| Profit | 214.93 | 104.91 | 64.69 | 49.81 |
| Net Worth | 820.80 | 453.54 | 413.61 | 280.42 |
| Reserves | 163.81 | |||
| Amount in Lakhs | ||||
About Company
Established in 2000, Mandeep Auto Industries Limited is a leading manufacturer and supplier of a diverse range of products, including sheet metal components, auto parts, sprocket gears, and machined components. With applications across various industries such as automobiles, tractors, material handling, railways, defense, and machine tools, the company caters to a wide market spectrum. Supported by a team of experienced professionals specializing in Press and Machining Components, Mandeep Auto Industries holds ISO 14001:2015 and ISO 9001:2015 certifications, ensuring high-quality standards and environmental management practices. The company's clientele comprises both domestic and global OEMs in the automobile sector, including notable names like M/s J.L Auto Parts Pvt. Ltd., M/s Tube Investments of India Limited, M/s Rockman Industries Limited, M/s Manvi Automobiles, and M/s Jain Industrial Products Private Limited. With a dedicated workforce of 54 employees and additional contract laborers, Mandeep Auto Industries remains committed to delivering top-notch products and services to its esteemed clients.
Strength Factors
Experienced Management Team: Mandeep Auto Industries Limited benefits from seasoned promoters and a skilled management team, driving strategic decision-making and operational excellence.
Diverse Product Range: With a wide array of products including sheet metal components, auto parts, and machined components, the company caters to multiple industries, ensuring resilience and adaptability in the market.
Strong Client and Supplier Relationships: The Company’s enduring partnerships with clients and suppliers underscore its reliability and trustworthiness, facilitating consistent business growth and access to quality resources.
Risk Factors
Regulatory Compliance and Land Zoning: Mandeep Auto Industries faces risks due to operating without a factory license on agricultural land, potentially leading to legal and operational challenges.
Limited Operating History: With a short operational track record, the company may encounter difficulties in attracting investors or securing favorable financing terms, impacting its growth potential.
Dependency on Agricultural Land for Expansion: Relying on agricultural land for expansion plans exposes the company to uncertainties in land acquisition, regulatory approvals, and environmental concerns, potentially hindering its growth prospects.
Mandeep Auto Industries IPO Lead Manager(s)
- Jawa Capital Services Private Limited
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/