Here’s a comprehensive guide to help you make an informed decision on Mandeep Auto Industries IPO.
Issue Details:
- The IPO will be open for subscription from Monday, May 13, to Wednesday, May 15.
- Price band: ₹67 per share.
- Lot size: 2,000 shares.
- Equity share allocation:
- Non-institutional investors (NII): Up to 17,88,000 equity shares.
- Retail individual investors: Up to 17,90,000 equity shares.
- Market makers: Up to 1,90,000 equity shares.
About Mandeep Auto Industries: Mandeep Auto Industries specializes in manufacturing and supplying sheet metal components, auto parts, and various sprocket gears and machined components. These products cater to a wide range of industries, including the tractor industry, autos, railroads, military, machine tools, and the do-it-yourself market.
Business Expansion: With the IPO, Mandeep Auto Industries aims to open a new manufacturing facility, expand its production capacity, and diversify its product offerings. This strategic move reflects the company’s commitment to meeting the evolving demands of its customers and expanding its market presence.
Financial Performance:
- Revenue (FY23): ₹2,908.91 Lakhs
- EBITDA (FY23): ₹220.93 Lakhs
- PAT (FY23): ₹104.91 Lakhs
- Revenue (9MFY24): ₹2,152.97 Lakhs
- EBITDA (9MFY24): ₹395.44 Lakhs
- PAT (9MFY24): ₹236.54 Lakhs
IPO Utilization: The IPO proceeds will be utilized for various purposes including purchasing machinery and equipment, expanding production facilities, repaying borrowings, meeting working capital needs, and general corporate purposes.
Grey Market Premium (GMP): The grey market premium for Mandeep Auto Industries IPO is +15, indicating a premium of ₹15 per share. This suggests strong investor interest in the IPO.
Listing Price Estimation: Based on the upper end of the price band and the current grey market premium, the estimated listing price is ₹82 per share, representing a 22.39% premium over the IPO price.
Investing in an IPO involves careful consideration of various factors, including the company’s business model, financial performance, and future prospects. It’s essential to conduct thorough research and consult with financial experts before making any investment decisions.
Stay tuned for the finalization of the IPO basis of allotment on May 16, refunds initiation on May 17, and share crediting to demat accounts on May 18. Mandeep Auto Industries IPO shares are expected to be listed on NSE SME on May 21.
For more updates and insights on Mandeep Auto Industries IPO, keep an eye on our blog.
