Mandeep Auto Industries Ltd - IPO

Mandeep Auto Industries Ltd IPO Details

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.

Objective of issue

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.

Mandeep Auto Industries Ltd Contact Details

Mandeep Auto Industries Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@mandeepautoindustries.com

Website - www.mandeepautoindustries.com