Price band
₹ 0 to 0 per equity share
Metalman Auto IPO
Issue period
Opens On:
Closes On:
Bid lot
0 shares and in multiples thereof
More about the IPO
| Issue size | Rs. 0 Cr |
| Price band | Rs. 0 to 0 per equity share |
| Bid lot | 0 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 0.0 Cr |
| HNI - Rs. 0.0 Cr | |
| RET - Rs. 0.0 Cr | |
| Registrar | |
| Listing at |
Company Details
We are a one stop shop for sheet metal, tubular fabrication, metal finishing and assembly of components for original equipment manufacturers (“OEMs”) in the automotive and non-automotive sectors. Incorporated in 1986, we are one of the first metal fabrication, metal finishing and assembly companies in India along with the 253 manufacturing processes. (Source: CRISIL Report) We are primarily focused on manufacturing metal components for: (i) two-wheeler (“2Ws”) (including electric vehicles (“EVs”) and internal combustion engine (“ICE”)), (ii) three wheelers (“3Ws”), (iii) passenger vehicles (“PVs”), (iv) commercial vehicles (“CVs”), (v) agri-vehicles (“AVs”) and (vi) off-highway vehicles (“OHVs”). We also undertake fabrication and manufacturing of aestheticfocused components for white body goods (such as front and rear panels and rear covers of washing machines) and contract manufacturing for 2W EV OEMs.
Our portfolio of offerings of automotive and non-automotive components caters to a diversified customer base across 2W, 3W, PV, CV, AV and OHV categories. Further, we have also recently extended our offerings to EVs in the 2W category in Financial Year 2020. A significant portion of our offerings in automotive sector for 2W category are powertrain agnostic catering to EV as well as ICE OEMs and encompass a range of automotive components designed to meet diverse customer needs across powertrain options.
Our ability to cater to both EV and ICE offerings by automotive OEMs insulate us to an extent against transition in industry trends towards any particular sector, and positions us to leverage growth in the CV category. Further, the OHV category is expected to grow at 10% to 12% by Financial Year 2029. (Source: CRISIL Report) We entered the OHV category in Financial Year 2007 and have continued to have a presence in this growing category, which we intend to leverage as part of our strategies for business growth.
In addition to our customers in India, our Company also caters to customers overseas in USA, Canada, Brazil, Chile, Germany, Italy, Sri Lanka, Thailand, Finland, Romania, France and Taiwan, in the 2W, PV and OHV categories through export of components such as main stand, side stand, handle bars, foot brake levers for 2Ws and connecting link rods for PVs and tensioner assemblies and agri-pads for OHVs. As on the date of this Draft Red Herring Prospectus, we have entered into three third party warehousing arrangements on a vendor managed inventory (“VMI”) basis to service our customers in Romania, Germany and USA.
- Log in to the Mirae Asset Sharekhan appMirae Asset Sharekhan app opens in a new tab/window and tap the hamburger menu.
- Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
- Click on the Current IPO tab and select the IPO of your choice.
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
- Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
- Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Note: The actual amount will be debited when the shares are allotted to you.
How to apply for an IPO on the Mirae Asset Sharekhan app
How to apply for an IPO on the Mirae Asset Sharekhan website
- Log in to the Mirae Asset Sharekhan websiteMirae Asset Sharekhan website opens in a new tab/window and click the IPO & OTHERS menu option you see on the top-right.
- From the list of Active IPOs, select the IPO of your choice
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
- Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
- Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.
Note: The actual amount will be debited when the shares are allotted to you.
How does an IPO work?
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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FAQs
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.
Yes, you will receive a sms once the IPO form is processed.
BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
This report provides the debit/credit entry of all the transfers done in the IPO and MF account
Click here to check the status of your IPO application
This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
