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Mandeep Auto Industries IPO
Price Band
₹
Issue Size
₹25.25 Cr
Lot Size
2,000 shares
Min Investment
₹134,000
GMP
+₹4.0 (5.97%)
Issue Price
₹67.0
Subject to Sauda
₹6100
Paid only if allotted
Mandeep Auto Industries IPO AI Summary
- Mandeep Auto Industries IPO is listed on NSE SME in the Auto Components & Equipments sector.
- Subscription window: 13 May–15 May 2024, listing on 21 May 2024.
- Current GMP is +₹4.0 (5.97%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Mandeep Auto Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 15 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mandeep Auto Industries IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+5.97%
Est. Listing
₹71.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in 2000, Mandeep Auto Industries Limited is involved in the manufacturing and supply of various products like sheet metal components, auto parts, sprocket gears, and machined components. These products have applications in a diverse range of industries such as automobiles, tractors, material handling and earth moving equipment, railways, defense, machine tools, and even the DIY industry. The company is supported by experienced professionals specialising in Press and Machining Components. Additionally, it holds both ISO 14001:2015 and ISO 9001:2015 certifications. The company's client list includes both domestic and global OEMs in the automobile sector. Some of the prominent clients are M/s J.L Auto Parts Pvt. Ltd. (Faridabad, Haryana), M/s Tube Investments of India Limited (Chennai, Tamil Nadu), M/s Rockman Industries Limited (Saket, New Delhi), M/s Manvi Automobiles (Faridabad, Haryana), and M/s Jain Industrial Products Private Limited (Hissar, Haryana).). As of November 2023, the company employs 54 people and has 15 contract labourers.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 24.25 | 19.63 | 12.98 | 10.50 |
| Total Income | 16.57 | 29.79 | 21.90 | 15.63 |
| Profit After Tax | 2.15 | 1.05 | 0.65 | 0.50 |
| NET Worth | 8.21 | 4.54 | 4.14 | 2.80 |
| Reserves and Surplus | 1.64 |
Key Ratios
EPS
₹6.60
NAV
₹12.49
ROE
30.15%
ROCE
27.94%
RoNW
25.97%
P/B Value
5.36
P/E Ratio
10.15
Market Cap
₹69.26 Cr
PAT Margin
12.97%
Debt/Equity
1.00
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Lumax Auto Technologies Ltd. | 12.62% | 44.24 | 10.79 | 10.79 |
| Porwal Auto Components Ltd. | -1.75% | -96.59 | -0.68 | -0.68 |
| Kranti Industries Ltd | 8.49% | 38.39 | 1.95 | 1.95 |
| Mandeep Auto Industries Limited This IPO | 26.19% | 10.15 | 6.6 | 6.6 |
Promoters
Gurpal Singh Bedi, Nidhi Bedi and Rajveer Bedi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 our existing manufacturing unit, purchase of equipment/machineries, etc. 9.08 2 Repayment/prepayment of certain borrowings availed by our Company 6.84 3 Funding working capital requirements 6.09 4 General Corporate Purpose 2.23
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹21.90 Cr in the year ending 31 Mar 2022, increasing to ₹29.79 Cr by 31 Mar 2023. However, the most recent figure for the period ending 31 Dec 2023 shows total income at ₹16.57 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.65 Cr for the year ending 31 Mar 2022, rising to ₹1.05 Cr by 31 Mar 2023. The latest figure for the period ending 31 Dec 2023 is ₹2.15 Cr, showing an increase, but again, this is a 9-month figure and not a full year, so isn't directly comparable.
Valuation
Mandeep Auto Industries Limited has an implied P/E of 10.15 at the issue price, compared to peers trading at P/E ratios ranging from -96.59 to 44.24.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the price at which shares are being traded in the grey market before they are officially listed on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, competitive positioning, and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid IPOs in sectors that are subject to high competition and economic fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 13 May 2024 and closes on 15 May 2024, with the allotment date set for 16 May 2024 and the listing date on 21 May 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, overall demand for the stock, and the company's perceived value. Investors should be prepared for the possibility of price volatility on the first day of trading.
This evaluation is generated from Mandeep Auto Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mandeep Auto Industries IPO GMP today?
Mandeep Auto Industries IPO GMP today is +₹4.0 (5.97%). GMP is an unofficial grey-market indicator and can change daily.
When does Mandeep Auto Industries IPO open and close?
Mandeep Auto Industries IPO opens on 13 May 2024 and closes on 15 May 2024.
When does Mandeep Auto Industries IPO list on the stock exchange?
Mandeep Auto Industries IPO listed on 21 May 2024 at ₹71.0.
What is the lot size for Mandeep Auto Industries IPO?
The lot size for Mandeep Auto Industries IPO is 2000 shares, requiring a minimum investment of ₹134,000.
What is the issue price of Mandeep Auto Industries IPO?
The issue price is ₹67.0.
What is the minimum investment required?
The minimum investment required is ₹134,000.
What is the lot size for this IPO?
The lot size is 2000 shares.
When is the listing date for the IPO?
The listing date is 21 May 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 May 2024
Close
15 May 2024
Allotment
16 May 2024
Listing
21 May 2024
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