Mandeep Auto IPO Opens Quietly with 0.83x Subscription on Day One

Mandeep Auto Industries IPO had a slow start with a 0.83 times subscription on day one, reflecting initial cautious investor interest in the company's market prospects and growth potential.
Mandeep Auto IPO Opens Quietly with 0.83x Subscription on Day One

Mandeep Auto Industries IPO experienced a subdued start on its first day, achieving a subscription rate of just 0.83 times. This modest uptake highlights initial cautious investor interest towards the company’s market prospects and future growth potential.

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How To Check Mandeep Auto Industries Limited IPO Subscription Status? 

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Mandeep Auto Industries Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

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 a range of ₹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.

Mandeep Auto Industries Limited IPO Listing Date 

Mandeep Auto Industries Limited IPO is expected to be listed on the NSE SME on May 21, 2024.

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