Mandeep Auto Industries IPO opens next week: From price band to key dates - all you need to know

The equity stock allocation for the IPO is arsenic follows: up to 17,88,000 equity shares are disposable to non-institutional investors (NII), up to 17,90,000 equity shares are offered to retail idiosyncratic investors, and up to 1,90,000 equity shares are disposable to marketplace makers.

The institution manufactures and supplies expanse metallic components, car parts, and assorted sprocket gears and machined components that are utilized successful a assortment of industries, including the tractor industry, autos, railroads, military, instrumentality tools, and the do-it-yourself market. From their manufacturing unit, the steadfast produces these goods.

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Mandeep Auto Industries Limited's president and managing director, Gurpal Singh Bedi, expressed his company's happiness astatine entering a caller and important signifier of their concern path. They are dedicated to satisfying the varied and changing demands of their clientele and expanding their merchandise line. They are astatine a pivotal constituent successful their concern past with this IPO, which volition alteration them to unfastened a caller manufacturing installation and summation their capableness to amended service the changing needs of the marketplace and diversify their merchandise offering.

The company's listed peers are Kranti Industries Ltd (with a P/E of 38.39), Porwal Auto Components Ltd (with a P/E of (96.59), and Lumax Auto Technologies Ltd (with a P/E of 44.24).

The company's gross was ₹2,908.91 Lakhs, its EBITDA was ₹220.93 lakhs, and its PAT was ₹104.91 lakhs successful FY23. The company's gross for 9MFY24 was ₹2,152.97 lakhs, its EBITDA was ₹395.44 lakhs, and its PAT was ₹236.54 lakhs.

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Mandeep Auto Industries IPO details 

Mandeep Auto Industries IPO, which is worthy astir ₹25.25 crore, consists of a caller contented of 3,768,000 equity shares with a look worth of ₹10. There is nary offer-for-sale component.

The existent issue's goals see the following: purchasing machinery and equipment; expanding the existent accumulation installation successful Faridabad, Haryana; and erecting a caller gathering connected the tract adjacent to the existing manufacturing unit. Paying backmost oregon up of docket immoderate of the company's borrowings; gathering the needs for moving capital; and General firm purposes.

The Mandeep Auto Industries IPO's publication moving pb manager is Jawa Capital Services Private Limited, portion the issue's registrar is Cameo Corporate Services Limited. Aftertrade Broking is the marketplace shaper for the IPO of Mandeep Auto Industries.

Tentatively, Mandeep Auto Industries IPO ground of allotment of shares volition beryllium finalised connected Thursday, May 16 and the institution volition initiate refunds connected Friday, May 17, portion the shares volition beryllium credited to the demat relationship of allottees connected Friday. Mandeep Auto Industries IPO shares are apt to beryllium listed connected NSE SME connected Tuesday, May 21.

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Mandeep Auto Industries IPO GMP today 

Mandeep Auto Industries IPO GMP oregon grey marketplace premium is +15. This indicates Mandeep Auto Industries stock terms were trading astatine a premium of ₹15 successful the grey market, according to investorgain.com.

Considering the precocious extremity of the IPO terms set and the existent premium successful the grey market, the estimated listing terms of Mandeep Auto Industries stock terms was indicated astatine ₹82 apiece, which is 22.39% higher than the IPO terms of ₹67.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

Also Read: Slone Infosystems stock terms makes a bumper debut, banal opens with 50% premium astatine ₹118.50 apiece connected NSE SME

Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 10 May 2024, 04:43 PM IST