Mandeep Auto Industries IPO Allotment Status, Subscription, and IPO Details

Mandeep Auto Industries Limited IPO's allotment date is May 16, 2024. Shares priced at ₹67 with face value ₹10, offered in lots of 2000 shares, bids accepted for multiples.
Mandeep Auto Industries IPO Allotment Status, Subscription, and IPO Details

Mandeep Auto Industries Limited IPO Allotment Status 

The allotment date for the Mandeep Auto Industries Limited IPO is set for May 16, 2024, with shares priced at ₹67 per share and a face value of ₹10. The offering consists of lots of 2000 shares, with bids accepted for these lots or their multiples. 

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Mandeep Auto Industries Limited IPO Allotment Status Check 

To ascertain their allocation status for the Mandeep Auto Industries Limited IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Cameo Corporate Services’s website.

IPO Allotment Status BSE 

Here are steps to check Mandeep Auto Industries Limited IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose Mandeep Auto Industries Limited from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Steps to check Mandeep Auto Industries Limited IPO allotment status on Cameo Corporate Services’s website

Step 1: Visit IPO registrar website – Cameo Corporate Services

Step 2: Select ‘Mandeep Auto Industries’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your Mandeep Auto Industries IPO allotment status will be reflected on the screen.

Mandeep Auto Industries Limited IPO GMP Today

The Mandeep Auto Industries Limited IPO GMP (Grey Market Premium) is ₹35 as of May 15.

Mandeep Auto Industries Limited IPO Subscription Status 

Mandeep Auto Industries Limited’s IPO saw strong investor interest on day 2, with QIBs bidding for 22,000 shares, non-institutional investors for 55,20,000 shares, and retail investors leading with 2,26,06,000 shares bid, totaling 2,81,48,000 shares.

Mandeep Auto Industries Limited IPO Details

Mandeep Auto Industries is launching an IPO worth ₹25.25 crore, issuing 3,768,000 shares without an offer-for-sale. The funds will enhance its Faridabad facility, purchase new equipment, reduce debt, and support working capital. Jawa Capital and Cameo Corporate manage the IPO, with shares listing on NSE SME on May 21 after allocations on May 16 and account crediting by May 17.

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