Mandeep Auto Industries SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Mandeep Auto Industries IPO. Explore Mandeep Auto Industries IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Mandeep Auto Industries Limited traces its roots back to the year 2000 when Mr. Gurpal Singh Bedi established a sheet metal component manufacturing unit in Faridabad, Haryana, under his Sole Proprietorship, M/s Mandeep Industries. Over the years, the company expanded into the automobile component manufacturing segment and invested in advanced technologies to enhance its production capabilities. To give a corporate structure to the setup, M/s Mandeep Auto Industries Limited was incorporated on April 19, 2023, with the objective of taking over the entire business and operations of M/s Mandeep Industries. Presently, the company is engaged in manufacturing and supplying sheet metal components, auto parts, sprocket gears, and machined components for various industries such as tractors, automobiles, material handling, railways, defense, and more.
Key Points:
- Product Portfolio: Mandeep Auto Industries Limited manufactures and supplies a diverse range of products, including sheet metal components, auto parts, sprocket gears, and machined components. These products find applications across various industries such as tractors, automobiles, material handling, railways, defense, and machine tools.
- Quality and Precision: Mandeep Auto Industries Limited operates with advanced technologies to develop and manufacture products that adhere to stringent quality control requirements. It offers personalized services and manufactures customized components as per customer-specific requirements with a high degree of precision and quality.
Objects of the Issue
- Expansion of the existing Manufacturing Facility located at Plot No 26, Nangla, Faridabad Haryana - 121001 by construction of the building on the land adjacent to existing manufacturing unit, purchase of equipment/machineries, etc.
- Repayment/prepayment of certain borrowings availed by the Company
- Funding working capital requirements
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 13 May - 15 May 2024 |
| IPO Price Band | ₹ 67 per share |
| Fresh Issue | Upto 37,68,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 25.25 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 13 May 2024 |
| IPO Closing Date | 15 May 2024 |
| Basis Of Allotment | 16 May 2024 |
| Refunds | 17 May 2024 |
| Demat Transfer | 17 May 2024 |
| IPO Listing Date | 21 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 15.63 | 21.90 | 29.79 | 21.71 |
| Total Expenses | 14.38 | 20.46 | 27.58 | 17.76 |
| Net Profit/Loss | 0.50 | 0.65 | 1.05 | 2.37 |
| NPM (*) | 3.20 | 2.97 | 3.52 | 10.92 |
| Total Assets | 10.50 | 12.98 | 19.63 | 24.25 |
| Total Liabilities | 7.70 | 8.84 | 15.09 | 16.04 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | NA | NA | NA | 6.60 |
| ROE (%) | 17.76 | 15.64 | 23.13 | NA |
| ROCE (%) | 29.13 | 20.07 | 31.59 | NA |
| D/E Ratio | 0.54 | 0.74 | 1.83 | 1.00 |
| Current Ratio | 1.01 | 1.52 | 1.23 | 1.75 |
| EBITDA MARGIN (%) | 8.04 | 6.58 | 7.42 | NA |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Mandeep Auto Industries Limited | 29.78 | 10.15 | 6.60 | 26.19 | 12.49 |
| Kranti Industries Limited | 97.34 | 38.39 | 1.95 | 8.49 | 23.02 |
| Porwal Auto Components Limited | 140.61 | -96.59 | -0.68 | -1.75 | 39.01 |
| Lumax Auto Technologies Limited | 1847.00 | 44.24 | 10.79 | 12.62 | 85.50 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 61.54 |
| Retail Individual Investor (RII) | 90.57 |
| Total | 77.23 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- MR. GURPAL SINGH BEDI
- MRS. NIDHI BEDI
- MR. RAJVEER BEDI
Lead Managers
- Jawa Capital Services Private Limited
Company Address
Mandeep Auto Industries Limited
Plot No 26, Nangla, Faridabad Haryana -121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: www.mandeepautoindustries.com
FAQs
- What is the issue size of the Mandeep Auto Industries SME IPO?The Mandeep Auto Industries SME IPO has an issue size of ₹ 25.25 crore. This includes a fresh issue of Upto 37,68,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Mandeep Auto Industries IPO?The price band for the Mandeep Auto Industries IPO is ₹ 67 per share.
- What are the bidding dates for the Mandeep Auto Industries IPO?The Mandeep Auto Industries IPO will open for bidding on 13 May 2024 and close on 15 May 2024.
- What is the allotment date for the Mandeep Auto Industries IPO?The allotment date for the Mandeep Auto Industries IPO is 16 May 2024.
- What is the listing date for the Mandeep Auto Industries IPO?The listing date for the Mandeep Auto Industries IPO is 21 May 2024.
- What is the Mandeep Auto Industries IPO grey market premium?The grey market premium (GMP) for the Mandeep Auto Industries IPO is currently at ₹4, with an expected listing gain of approximately 5.97%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.