{"id":37594,"date":"2024-05-10T11:48:23","date_gmt":"2024-05-10T06:18:23","guid":{"rendered":"https:\/\/thedailymetro.in\/index.php\/2024\/05\/10\/mandeep-auto-industries-limited-ipo-opens-on-may-13-2024\/"},"modified":"2024-05-10T11:48:23","modified_gmt":"2024-05-10T06:18:23","slug":"mandeep-auto-industries-limited-ipo-opens-on-may-13-2024","status":"publish","type":"post","link":"https:\/\/thedailymetro.in\/index.php\/2024\/05\/10\/mandeep-auto-industries-limited-ipo-opens-on-may-13-2024\/","title":{"rendered":"Mandeep Auto Industries Limited IPO Opens on May 13, 2024"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], May 10:<\/strong> Mandeep Auto Industries Limited,a dynamic Manufacturer and Supplier of Automotive Components,\u00a0has announced its plan to go public with an Initial Public Offering (IPO)\u00a0on\u00a0May\u00a013, 2024. The company is aiming to raise\u00a0\u20b9\u00a02,524.56 Lakhs\u00a0at the price of\u00a0\u20b9\u00a067\u00a0per share\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge\u00a0platform.<\/p>\n<p>The issue size is Up to\u00a037,68,000\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<p>\u2013 Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a017,88,000\u00a0Equity Shares<\/p>\n<p>\u2013 Retail Individual Investors (RII) \u2013\u00a0Up To\u00a017,90,000\u00a0Equity Shares<\/p>\n<p>\u2013 Market Maker \u2013\u00a0Up To\u00a01,90,000\u00a0Equity Shares<\/p>\n<p>The proceeds from the IPO will be allocated to expand current manufacturing capabilities, acquire new equipment and machinery, meet working capital requirements, repay certain borrowings, and cover general corporate expenses. The issue will open on May 13, 2024, and close on May 15, 2024<\/p>\n<p>The Lead Manager to the Issue, Jawa Capital Services Private Limited,\u00a0brings a wealth of experience and a deep understanding of various industries to the table. Their seasoned expertise positions them as adept navigators, capable of effectively steering through the intricacies of the issue.\u00a0The Registrar to the Issue is\u00a0Cameo Corporate Services Limited.<\/p>\n<p>Mr.\u00a0Gurpal Singh Bedi,\u00a0Chairman\u00a0and Managing Directorof\u00a0Mandeep Auto Industries\u00a0Limited\u00a0said,\u00a0\u201cwe are glad as we are on new and important phase\u00a0of our\u00a0growth journey.\u00a0We are committed to continually enriching our product portfolio and meeting the diverse and evolving needs of customers. This IPO represents a crucial moment for us, as it will equip us to establish a new manufacturing unit, further expanding our capabilities to meet the dynamic demands of the market and enhance our product portfolio.\u00a0we look forward to leveraging this milestone to propel our company to even greater heights.\u201d<\/p>\n<p>Mr. CA Anoop Kumar Gupta, Director of Jawa Capital Services Private Limited said, \u201cMandeep Auto Industries Limited\u2019s expertise and dedication to understanding diverse customer needs and enhancing their product portfolio, combined with the growth momentum of the automobile industry, positions them favourably to capitalize on emerging opportunities. We extend our heartfelt congratulations to them as they are on a significant phase of their journey. We are confident in the success of their IPO and are privileged to accompany them on this journey. The funds raised will undoubtedly catalyse their ascent to prominence within the industry.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], May 10: Mandeep Auto Industries Limited,a dynamic Manufacturer and Supplier of Automotive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[1337,1336],"class_list":["post-37594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/37594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/comments?post=37594"}],"version-history":[{"count":0,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/37594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media\/37595"}],"wp:attachment":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media?parent=37594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/categories?post=37594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/tags?post=37594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}