Mandeep Auto Industries Limited IPO issues 37,68,000L shares worth INR 25.25 crores for expanding its Faridabad facility, debt repayment, and more.
Open Date : May 13, 2024 Close Date : May 15, 2024 Allotment Date: May 16, 2024 Listing Date: May 21, 2024
IPO Price: INR 67 per share Lot Size: 2000 shares Total Issue Size: INR 25.25 cr
Mandeep Auto Industries: 1. Revenue initially rose, then fell short. 2. Profitability and equity improved. 3. Return on net worth declined, indicating mixed performance.
Mandeep Auto : Stable growth, mixed profitability. Kranti Industries : Robust profitability. Porwal Auto : Losses, significant revenue growth. Lumax Auto : Strong revenue, profit growth, outperformed peers.
The main objective of Mandeep Auto Industries Ltd is to expand, repay debts, and fund working capital requirements.
Mandeep Auto Industries Ltd risks : 1. Dependency on permits & licenses. 2. Potential setbacks from land categorization. 3. Limited operating history post-acquisition, impacting evaluation and continuity.