Mandeep Auto Industries IPO GMP: The Initial public offering (IPO) of Mandeep Auto Industries subscription window is scheduled to close on May 15. For interested investors today is the last day to apply for IPO. Check the latest GMP, subscription status and other IPO details.
Mandeep Auto Industries IPO GMP Today
According to multiple unlisted market tracking websites, the grey market premium (GMP) of Mandeep Auto Industries is priced at Rs 30 to Rs 35 per share.
Read More: Go Digit IPO Opens Today: Should You Subscribe? Here’s All You Need To Know
Mandeep Auto Industries IPO Subscription Status
The IPO of Mandeep Auto Industries has seen significant investor interest, recording a subscription rate of 12.98 times. Particularly noteworthy is the retail category, which has been oversubscribed by an impressive 20.39 times. Additionally, the Qualified Institutional Buyer (QIB) category and the Non-Institutional Investor (NII) category have shown strong demand, with subscription rates of [.] times and 5.56 times, respectively, as of May 15, 2024, at 10:55:58 AM.
Mandeep Auto Industries IPO Deatils
Mandeep Auto Industries IPO is a fixed price issue of Rs 25.25 crores. The IPO comprises entirely of fresh issue shares, totalling 37.68 lakh shares.
Mandeep Auto Industries IPO Subscription Window Timeline
The subscription window for the Mandeep Auto Industries IPO opened on May 13, 2024, and is set to close today, May 15, 2024.
Read More: Veritaas Advertising IPO Receives Over 155 Times Subscription: Check GMP Today
Mandeep Auto Industries IPO Allotment Date
The allotment process is expected to be finalized by Thursday, May 16, 2024.
Mandeep Auto Industries IPO Listing Date
Upon successful subscription, Mandeep Auto Industries IPO will be listed on the NSE SME platform. The tentative listing date has been set for Tuesday, May 21, 2024.
Mandeep Auto Industries IPO Price Band
Mandeep Auto Industries IPO price is Rs 67 per share.
Mandeep Auto Industries IPO Lot Size And Minimum Investment
Investors can participate in the IPO with a minimum lot size of 2000 shares, Mandeep Auto Industries IPO requires an investment of Rs 134,000. High Net Worth Individuals (HNIs) have the option to apply for a minimum of 2 lots, equivalent to 4,000 shares, amounting to Rs 268,000.
Read More: IRFC Dividend 2024 Date, Latest News: BIG announcement in Q4 results
Mandeep Auto Industries IPO Registrar And Book Running Lead Manager
Jawa Capital Services Private Limited serves as the book-running lead manager for the Mandeep Auto Industries IPO, overseeing the entire IPO process. Meanwhile, Cameo Corporate Services Limited has been appointed as the registrar for the issue. Aftertrade Broking will act as the market maker for the IPO, facilitating smooth trading activities.
About Mandeep Auto Industries
Mandeep Auto Industries Limited is engaged in the manufacturing and distribution of a diverse range of products, including sheet metal components, auto parts, sprocket gears, and machined components. These products find applications across various industries, such as automobiles, tractors, material handling and earthmoving equipment, railways, defence, machine tools, and the do-it-yourself (DIY) sector. The company is backed by a team of experienced professionals specializing in Press and Machining Components. Moreover, it holds prestigious ISO 14001:2015 and ISO 9001:2015 certifications, reflecting its commitment to quality and environmental management standards. Mandeep Auto Industries serves a diverse clientele comprising both domestic and global Original Equipment Manufacturers (OEMs) in the automobile sector. Notable clients include 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).
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
