What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Mandeep Auto Industries Limited IPO?

Mandeep Auto Industries Limited IPO has received a total subscription of 76.09 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Mandeep Auto Industries Limited

ListedSME

Auto Components & Ancillaries · NSE

Founded in 2000, Mandeep Auto Industries Limited is a leading manufacturer and supplier of sheet metal components, auto parts, sprocket gears, and machined components. Its products serve a wide range of industries, including automobiles, tractors, material handling, railways, defense, and machine tools. With a team of skilled professionals specializing in press and machining components, the company maintains ISO 14001:2015 and ISO 9001:2015 certifications, ensuring top-quality standards and strong environmental management practices. Mandeep Auto Industries serves both domestic and global OEMs in the automobile sector, with a client list that includes J.L Auto Parts Pvt. Ltd., Tube Investments of India Limited, Rockman Industries Limited, Manvi Automobiles, and Jain Industrial Products Private Limited. With 54 full-time employees and additional contract laborers, the company remains dedicated to delivering high-quality products and exceptional service to its valued clients.

Price Band

₹67

Issue Size

₹25.25 Cr

Lot Size

2000 shares

GMP

₹4

+6.0%

Est. Listing

₹71

at current GMP

Subscribed

76.09x

overall

Open

13 May 2024

15 May 2024

Allotment

16 May 2024

Refund

17 May 2024

Demat Credit

18 May 2024

Listing

21 May 2024

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

76.09x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

61.68x

High Net-Worth

Retail (RII)

90.49x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 76.09x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	1,788,000	110,280,000	61.68x
RETAIL	1,790,000	161,976,000	90.49x
Total	3,578,000	272,256,000	76.09x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 89.48x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	660	59,723	90.49x
HNIs (10L +)	4	247	61.68x
HNIs (2-10L)	20	1,234	61.68x
Total Applications	684	61,204	89.48x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Mandeep Auto Industries Limited Public Issue & Market Profile

Mandeep Auto Industries Limited is bringing an initial public offering (IPO) in the Auto Components & Ancillaries sector with an aggregate issue size of ₹25.25 Crores. The shares are offered at a price band of ₹67 to ₹67 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2024-05-15, the basis of allotment is scheduled to be finalized on 2024-05-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Mandeep Auto Industries Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Mandeep Auto Industries Limited IPO is ₹4 per equity share. Based on the upper price band of ₹67 to ₹67 per equity share, the estimated listing price is ₹71 (+6.0% expected listing gain).

What is the expected profit per lot for Mandeep Auto Industries Limited IPO?

With a lot size of 2000 shares and current GMP of ₹4, the expected profit per application lot is approx ₹8,000 (+6.0% gain). Minimum application cost is approx ₹1,34,000.

What is the issue size and price band for Mandeep Auto Industries Limited IPO?

The Mandeep Auto Industries Limited IPO aggregate issue size is ₹25.25 Crores with an equity price band set at ₹67 to ₹67 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,34,000.

How can I check Mandeep Auto Industries Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 76.09x (Retail: 90.49x, QIB: 0.00x, NII: 61.68x). You can track live multiples directly on our dedicated subscription page.

Where and when will Mandeep Auto Industries Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-05-16. Investors can verify status using PAN card or application number.

When is the listing date for Mandeep Auto Industries Limited IPO?

Mandeep Auto Industries Limited shares are scheduled to list on NSE on 2024-05-21.