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graph-market IPO

Mandeep Auto Industries Ltd

Registered Office: Plot No 26,Nangla, Faridabad - 121001, Haryana, India.
Phone : +91-129-2440 045   Fax:
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-24 15-May-24 67.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
  Rs 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

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