Mandeep Auto Industries Ltd
Registered Office:
Plot No 26,Nangla,
Faridabad
-
121001,
Phone : +91-129-2440 045
Fax : NA
Initial public issue of 37,68,000 equity shares of face value of (Rs) 10 each ("Equity Shares") of Mandeep Auto Industries Limited (the "Company") for cash at a price of (Rs) 67 per equity share (including a share premium of
(Rs) 57 per equity share) (the "Issue Price"), aggregating upto (Rs) 25.25 crores ("The Issue"), of which 1,90,000 equity shares of face value of
(Rs) 10 each for cash at a price of (Rs) 67 per equity share, aggregating to (Rs) 1.27 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 35,78,000 equity shares of face value of (Rs) 10 each for cash at a price of (Rs) 67 per equity share, aggregating to (Rs) 23.97 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 36.45% and 34.61% respectively of the fully diluted post issue paid up equity share capital of the company.
The face value of the equity shares is (Rs) 10 each and the issue price of (Rs) 67 is 6.7 times of the face value of the equity shares.
Opens On
Closes On
Application
Allotment
13-May-24
15-May-24
67.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
2000
Further Multiples of :
2000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
24.25
Jawa Capital Services Pvt Ltd
Project Financed through Current Offer
25.25
Post Issue Equity Share Capital
10.34
Expansion of the existing Mfg facility plot # 26 Nangla
Repayment/prepayment of certain borrowings availed by the company
Funding working capital requirements
General corporate purposes
Gurpal Singh Bedi
Nidhi Bedi
Rajveer Bedi