Mandeep Auto Industries IPO opens next week: From price band to key dates - all you need to know
₹67 per share. The IPO lot size for Mandeep Auto Industries is 2,000 shares. The equity share allocation for the IPO is as follows: up to 17,88,000 equity shares are available to non-institutional investors (NII), up to 17,90,000 equity shares are offered to retail individual investors, and up to 1,90,000 equity shares are available to market makers.
The company manufactures and supplies sheet metal components, auto parts, and various sprocket gears and machined components that are used in a variety of industries, including the tractor industry, autos, railroads, military, machine tools, and the do-it-yourself market. From their manufacturing unit, the firm produces these goods. Also Read: Veritaas Advertising IPO to open on May 13; price band set at ₹109-114 apiece Mandeep Auto Industries Limited's chairman and managing director, Gurpal Singh Bedi, expressed his company's happiness at entering a new and significant stage of their business path.
They are dedicated to satisfying the varied and changing demands of their clientele and expanding their product line. They are at a pivotal point in their business history with this IPO, which will enable them to open a new manufacturing facility and increase their capacity to better serve the changing needs of the market and diversify their product offering. The company's listed peers are Kranti Industries Ltd (with a P/E of 38.39), Porwal Auto Components Ltd (with a P/E of (96.59), and Lumax Auto Technologies Ltd (with a P/E of 44.24).
The company's revenue was ₹2,908.91 Lakhs, its EBITDA was ₹220.93 lakhs, and its PAT was ₹104.91 lakhs in FY23. The company's revenue for 9MFY24 was ₹2,152.97 lakhs, its EBITDA was ₹395.44 lakhs, and its PAT was ₹236.54 lakhs. Also Read: TGIF
. Read more on livemint.com
