On the last day of bidding for Mandeep Auto Industries IPO, the total subscription reached 77.23 times, with non-institutional buyers subscribing 61.54 times, and retail investors 90.57 times, as per chittogarh.com.
The company aims to raise Rs 25.25 crore through the sale of 37.68 lakh shares. The IPO was open for subscription from May 13 to May 15. Each share was priced at Rs 67, and the minimum lot size for an application was 2000 shares, requiring a minimum investment of Rs 134,000.
The allotment for Mandeep Auto Industries IPO is expected to be finalised on Thursday, May 16.
Investors can check Mandeep Auto Industries IPO allotment status on the official website of Cameo Corporate Services Limited, the registrar for the issue.
Steps to check Mandeep Auto Industries IPO allotment status on Cameo Corporate Services
Visit the website of Cameo Corporate Services here:
Select "Mandeep Auto Industries Limited" from the company drop-down menu.
Choose one of the following options: Application Number, PAN, or DP Client ID and input the required details
Complete the 'captcha'.
Click on the 'Submit' button.
Your IPO allotment status will be displayed on the screen.
Mandeep Auto Industries IPO Listing Date
The shares of Mandeep Auto Industries Limited are set to be listed on NSE SME platform on Tuesday, May 21 as the tentative listing date.
Mandeep Auto Industries IPO Timeline (Tentative Schedule)
IPO Open Date: Monday, May 13
IPO Close Date: Wednesday, May 15
Basis of Allotment: Thursday, May 16
Initiation of Refunds: Friday, May 17
Credit of Shares to Demat: Friday, May 17
Listing Date: Tuesday, May 21
Investors who received shares will have their demat accounts credited on May 17. The refund procedure will begin on the same day, as soon as the allotment is finalised.
About Mandeep Auto Industries Limited
Mandeep Auto Industries Limited, founded in 2000, is a manufacturer of automotive & industrial components and supplies sheet metal components, auto parts, gears, and machined parts for various industries like automobiles, tractors, and defence. They have ISO 14001:2015 and ISO 9001:2015 certifications and a team of skilled professionals. Their clients include domestic and global automobile OEMs like J.L Auto Parts Pvt. Ltd., Tube Investments of India Limited, and Rockman Industries Limited.
RECOMMENDED FOR YOU
Ex-Trade Stocks To Watch Next Week: RIL, Dr Reddy’s, and Infosys—Key Corporate Actions And Dates
Oct 26, 2024
Infosys Announces Interim Dividend Of Rs 21 Per Share
Oct 17, 2024
NBCC India Share Price Gains Over 6% As Stock Trades Ex-Bonus
Oct 07, 2024
Diffusion Engineers Share Price Close At 20% Premium Over IPO Price
Oct 04, 2024
POPULAR