Mandeep Auto Industries IPO: Check latest GMP, subscription status on day 1, other details

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₹67/share. Mandeep Auto Industries' IPO lot size is 2,000 shares. The equity share allocation for the IPO is as follows: non-institutional investors (NII) can pick up to 17,88,000 equity shares, retail individual investors can buy up to 17,90,000 equity shares, and market makers can get up to 1,90,000 equity shares.

The firm makes and provides sheet metal components, auto parts, sprocket gears, and machined components for use in a range of sectors, including tractors, automobiles, railroads, military, machine tools, and the do-it-yourself market. The corporation manufactures these things through its manufacturing facility. The company's listed peers are Kranti Industries Ltd (P/E of 38.39), Porwal Auto Components Ltd (P/E of 96.59), and Lumax Auto Technologies Ltd (P/E of 44.24).

Also Read: Mandeep Auto Industries IPO opens next week: From price band to key dates - all you need to know Mandeep Auto Industries IPO subscription status is 64%, on day 1, so far. The retail portion was subscribed 1.17 times, and NII portion was booked 10%. The company has received bids for 22,78,000 shares against 35,78,000 shares on offer, at 16:18 IST, according to data on chittorgarh.com.

Also Read: Silkflex Polymers IPO allotment likely to be out today. Latest GMP, steps to check status Mandeep Auto Industries IPO, which is worth about ₹25.25 crore, consists of a fresh issue of 3,768,000 equity shares with a face value of ₹10. There is no offer-for-sale component.