The Mandeep Auto Industries IPO is a significant event in the automobile industry. The company, which manufactures and supplies sheet metal components, auto parts, sprocket gears, and machined components that cater to various industries such as tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, etc, is offering a fresh issue of 37.68 lakh shares, amounting to Rs 25.25 crores.
The subscription period for the Mandeep Auto Industries IPO begins on May 13, 2024, and concludes on May 15, 2024. The allotment of shares is anticipated to be completed by May 16, 2024. The IPO will be listed on the NSE SME platform, with a tentative listing date of May 21, 2024.
Investors can participate in the Mandeep Auto Industries IPO at a fixed price of ₹67 per share. The minimum lot size for retail investors is 2000 shares, requiring an investment of ₹134,000. High Net Worth Individuals (HNIs) can invest a minimum of ₹268,000 for 2 lots, equivalent to 4,000 shares.
Jawa Capital Services Private Limited is the lead manager for the Mandeep Auto Industries IPO, ensuring the smooth running of the book. Cameo Corporate Services Limited is the registrar for the issue, handling all administrative aspects. After trade Broking is the market maker for the Mandeep Auto Industries IPO, providing liquidity and stability to the shares post-listing.
Stay tuned for more updates on the Mandeep Auto Industries IPO and don’t miss the chance to invest in the future of Mandeep Auto Industries, a key player in the automobile industry.
IPO Details :
| Company Name | Mandeep Auto Industries |
| Sector | Automobile |
| IPO Type | SME |
| IPO Open date | 13th May 2024 |
| IPO Close date | 15th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,34,000 |
| HNI (Min) | 2 | 4000 | 2,68,000 |
IPO Timeline:
| IPO Open Date | 13th May 2024 |
| IPO Close Date | 15th May 2024 |
| Basis of Allotment | 16th May 2024 |
| Refund Initiation Date | 17th May 2024 |
| Shares Credit to Demat | 17th May 2024 |
| Listing Date | 21st May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
