Mandeep Auto Industries Share Price

Mandeep Auto Industries Limited was incorporated on April 19, 2023, as a Public Limited Company, vide Certificate of Incorporation issued for and on behalf of the Jurisdictional Registrar of Companies by the Registrar of Companies, Central Registration Centre. In year 2000, Mr. Gurpal Singh Bedi founded a sheet metal component manufacturing unit in Faridabad, Haryana, under his Sole Proprietorship M/s Mandeep Industries. Thereafter, he ventured into the automobile component manufacturing segment and during 201015, added area 3 Line with Gear hobbling and CNC system to the existing manufacturing unit.In year 2012, complete Inhouse Inspection Facility was established in manufacturing unit. Thereafter in 2018, M/s Mandeep Industries acquired inhouse Tooling/ Machine Shop, consisting of Lathe, Milling, and Radial drill machines. In order to give a corporate structure to the entire setup, M/s Mandeep Auto Industries Limited got incorporated on April 19, 2023, to takeover entire business and operations of M/s Mandeep Industries. Subsequently, through a Business Transfer Agreement executed on June 30, 2023, by and between Mr. Gurpal Singh Bedi, Proprietor, M/s Mandeep Industries and the Company, it acquired the entire business of M/s Mandeep Industries on a going concern basis.Presently, the Company is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components, in a diverse industry, such as tractor, automobiles, material handling earth moving equipment, railways, defense, machine tools, DIY industry, etc. The Company issued and allotted 37,68,000 equity shares of Rs 10 each, and raised funds aggregating to Rs 25.25 Cr on 15 May 2024.