Mandeep Auto IPO GMP, Review, Price, Allotment


Last updated on May 21, 2024

Mandeep Auto IPO GMP

Mandeep Auto IPO description – Mandeep Auto Industries specializes in the manufacturing and supply of sheet metal components, auto parts, various types of sprocket gears, and machined components. These products are utilized across a wide range of industries, including tractors, automobiles, material handling and earth-moving equipment, railways, defense, machine tools, and the DIY industry.

Experienced professionals with extensive expertise in press and machining components support the company. It holds ISO 9001:2015 and ISO 14001:2015 certifications. Mandeep Auto manufactures customized components tailored to meet specific customer requirements, offering high precision in both quality and timing.

The company currently serves customers located throughout North India, including Haryana, Uttar Pradesh, Uttarakhand, Punjab, and Delhi. As of April 2024, the company employs 54 people on its payroll and also has 15 contract laborers.

Mandeep Auto Industries

Promoters of Mandeep Auto Industries – Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi, and Mr. Rajveer Bedi

Mandeep Auto Industries IPO Details

Mandeep Auto IPO Dates13 – 15 May 2024
Mandeep Auto Issue PriceINR 67 per share
Fresh issue3,768,000 shares (INR 25.25 crore)
Offer For SaleNIL
Total IPO size3,768,000 shares (INR 25.25 crore)
Minimum bid (lot size)2,000 shares (INR 134,000)
Face Value INR 10 per share
Retail Allocation50%

Mandeep Auto Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.500.651.052.37
Figures in INR Crores unless specified otherwise
All Standalone data

Mandeep Auto Offer News

Mandeep Auto Valuations & Margins

FY 2021FY 2022FY 202331 Dec 2023
PE ratio10.15
RONW (%)17.7615.6423.1325.97
ROCE (%)29.1320.0731.5927.94
EBITDA (%)8.046.587.4220.52
Debt/Equity 0.540.741.831.00
*Compiled by IPO Central from Prospectus

Mandeep Auto IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
20 May 20241318,000
18 May 20242331,000
17 May 20242533,000
16 May 20242835,500
15 May 20242432,500
14 May 20241826,000
13 May 20241218,000
11 May 20241218,000
10 May 20241015,000
9 May 20241215,000
8 May 20241517,500

Mandeep Auto IPO Subscription – Live Updates

Shares Offered17,88,00017,90,00035,78,000
15 May 202461.6890.4976.09
14 May 20243.1012.637.87
13 May 20240.251.500.88

The market maker reservation portion of 1,90,000 shares is not included in the above calculations.

Mandeep Auto IPO Allotment Status

Mandeep Auto IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Mandeep Auto IPO Dates & Listing Performance

Mandeep Auto Industries IPO Opening Date13 May 2024
Mandeep Auto Industries IPO Closing Date15 May 2024
Finalization of Basis of Allotment16 May 2024
Initiation of refunds17 May 2024
Transfer of shares to demat accounts17 May 2024
Mandeep Auto IPO Listing Date21 May 2024
Opening Price on NSE SMEINR 62.25 per share (down 7.09%)
Closing Price on NSE SMEINR 65.35 per share (down 2.46%)

Mandeep Auto Offer Lead Manager

Plot No. 93, First Floor, Pocket 2,
Near DAV School, Jasola, New Delhi- 110025
Email[email protected]

Mandeep Auto Offer Registrar

“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]

Mandeep Auto Industries IPO Contact Details

Plot No 26, Nangla,
Faridabad Haryana -121001
Phone: +91-129-2440045
E-mail: [email protected]


What is the Mandeep Auto offer size?

Mandeep Auto offer size is INR 25.25 crores.

What is the Mandeep Auto offer price band?

Mandeep Auto public offer price is INR 67 per share.

What is the lot size of the Mandeep Auto IPO?

Mandeep Auto offer lot size is 2,000 shares.

What is Mandeep Auto IPO GMP today?

Mandeep Auto IPO GMP today is INR 13 per share.

What is the Mandeep Auto kostak rate today?

Mandeep Auto kostak rate today is INR NA per application.

What is Mandeep Auto Subject to the Sauda rate today?

Mandeep Auto is Subject to the Sauda rate today is INR 18,000 per application.


Please enter your comment!
Please enter your name here