About
Mandeep Auto Industries Limited is launching its IPO. The IPO opens for subscription on 13th May and will close on 15th May 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Mandeep Auto Industries Limited do?
Incorporated on April 19, 2023, Mandeep Auto Industries Limited evolved from M/s Mandeep Industries, originally established in 2000. The company manufactures and supplies sheet metal components, auto parts, sprocket gears, and machined components, serving various industries such as automotive, agriculture, material handling, earth-moving equipment, railways, and defense.
The company is committed to high quality and environmental standards, evidenced by its ISO 9001:2015 and ISO 14001:2015 certifications. This ensures all products meet rigorous quality controls and customer expectations. The company serves both domestic and international OEMs in the automobile sector. Key clients include M/s J.L Auto Parts Pvt. Ltd. in Faridabad, M/s Tube Investments of India Limited in Chennai, M/s Rockman Industries Limited in New Delhi, M/s Manvi Automobiles in Faridabad, and M/s Jain Industrial Products Private Limited in Hissar.
Schedule/Timeline of Mandeep Auto Industries Limited IPO
| Issue Period | 13th May to 15th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 16, 2024 |
| Initiation of Refunds | May 17, 2024 |
| Credit of Shares | May 17, 2024 |
| Date of Listing | May 21, 2024 |
| Mandate end date | May 30, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 15, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 15, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Mandeep Auto Industries Limited IPO?
You can apply for the Mandeep Auto Industries Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Mandeep Auto Industries Limited IPO?
You can check the allotment status for the Mandeep Auto Industries Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.