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IPO

IPO Details


Mandeep Auto Industries Ltd
Registered Office: Plot No 26, Nangla, Faridabad - 121001, Haryana
Phone: +91-129-2440 045
Email: info@mandeepautoindustries.com
Website: www.mandeepautoindustries.com
Initial public issue of 37,68,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Mandeep Auto Industries Limited (the "Company") for cash at a price of Rs. 67 per equity share (including a share premium of Rs. 57 per equity share) (the "Issue Price"), aggregating upto Rs. 25.25 crores ("The Issue"), of which 1,90,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 67 per equity share, aggregating to Rs. 1.27 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 35,78,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 67 per equity share, aggregating to Rs. 23.97 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 36.45% and 34.61% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 67 is 6.7 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
13-May-2024 15-May-2024 ₹ 67.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 24.25 Jawa Capital Services Pvt Ltd
Project Financed through Current Offer 25.25
Post Issue Equity Share Capital 10.34
Issue Price ₹67.00
Projects
Expansion of the existing Mfg facility plot # 26 Nangla
Repayment/prepayment of certain borrowings availed by the company
Funding working capital requirements
General corporate purposes
Promoted By
Gurpal Singh Bedi
Nidhi Bedi
Rajveer Bedi
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,055.11 158.32 (0.19%)

Nifty

25,044.35 72.45 (0.29%)

GLOBAL INDICES

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NASDAQ
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24,177.08 487.95(2.06%)