Synopsis: This article provides comprehensive details about the Mandeep Auto Industries IPO allotment, including steps to check the allotment status and the upcoming listing date. It highlights subscription statistics, IPO details, and the grey market premium, offering investors valuable insights into the IPO's performance and market anticipation.
Investors eagerly awaiting the outcome of the Mandeep Auto Industries IPO allotment will find their answers today, as the allotment is set to be finalized on Thursday, May 16. With the IPO generating significant buzz, investors can check their allotment status through the registrar's portal, Cameo Corporate Services Ltd.
The basis of allotment not only confirms whether investors have been allocated shares but also specifies the quantity allotted. For those fortunate enough to secure shares, they will soon find them credited to their demat accounts by Friday, May 17, while refunds will be initiated for unsuccessful applicants.
For investors keen to check their Mandeep Auto IPO allotment status, the process is straightforward. Simply visit the IPO registrar's website, Cameo Corporate Services Ltd, and follow these steps:
1. Visit https://ipo.cameoindia.com/
2. Select 'Mandeep Auto Industries IPO' from the dropdown menu.
3. Choose your preferred option for checking status: application number, demat account, or PAN.
4. Enter the captcha code.
5. Click 'Search' to view your allotment status.
The Mandeep Auto IPO, which witnessed overwhelming subscription, garnered a subscription status of 77.23 times by the end of day 3. Notably, the retail portion was subscribed 90.57 times, while the NII portion saw a subscription of 61.54 times.
With bids received for 27,63,14,000 shares against 35,78,000 shares on offer, the IPO reflects strong investor interest, as indicated by data on chittorgarh.com.
The IPO, valued at approximately Rs 25.25 crore, comprises a fresh issue of 3,768,000 equity shares with a face value of Rs 10 each, without any offer-for-sale component. The funds raised are earmarked for various purposes, including machinery acquisition, facility expansion, debt repayment, and working capital requirements.
Jawa Capital Services Private Limited is the book running lead manager for the IPO, while Cameo Corporate Services Limited acts as the registrar. Aftertrade Broking serves as the market maker for Mandeep Auto Industries' IPO, facilitating market liquidity.
In the grey market, Mandeep Auto IPO's grey market premium stands at +20, indicating a premium of Rs 20 per share. This suggests investor confidence and anticipation of strong listing gains, with expected listing prices around Rs 87 per share, a significant premium over the IPO price of Rs 67.
The grey market premium underscores investors' willingness to pay above the issue price, reflecting positive market sentiment towards Mandeep Auto Industries' debut on the stock exchange.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies. We advise investors to check with certified experts before making any investment decisions.
Related Questions
1. When will the Mandeep Auto Industries IPO allotment be finalized?
The Mandeep Auto Industries IPO allotment is set to be finalized on Thursday, May 16, providing answers to investors eagerly awaiting the outcome.
2. How can investors check their Mandeep Auto IPO allotment status?
Investors can check their Mandeep Auto IPO allotment status by visiting the IPO registrar's website, Cameo Corporate Services Ltd, and following the steps outlined.
3. What subscription status did the Mandeep Auto IPO witness?
The Mandeep Auto IPO witnessed a subscription status of 77.23 times by the end of day 3, with strong investor interest reflected in both retail and NII portions.
4. What is the grey market premium for the Mandeep Auto IPO?
The grey market premium for the Mandeep Auto IPO stands at +20, indicating a premium of Rs 20 per share and suggesting positive market sentiment towards the company's debut on the stock exchange.
5. What are the key purposes for which the funds raised from the Mandeep Auto IPO are earmarked?
The funds raised from the Mandeep Auto IPO are earmarked for various purposes, including machinery acquisition, facility expansion, debt repayment, and working capital requirements.
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