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Mandeep Auto Industries Ltd

Registered Office : Plot No 26,Nangla,Faridabad Haryana 121001 Phone : +91-129-2440 045
Fax :

Email : info@mandeepautoindustries.com

Website : www.mandeepautoindustries.com

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.

Issue

Opens On

Closes On

13-May-2024

15-May-2024

Money Payable On

Application

Allotment

67.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

24.25

25.25

10.34

67.00

Jawa Capital Services Pvt Ltd

Projects

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

Promoted By

Gurpal Singh Bedi

Nidhi Bedi

Rajveer Bedi

Listing At

NSE - SME

Registrar to the Issue

Cameo Corporate Services Ltd