Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Wed, Dec 27, 2023 - Fri, Dec 29, 2023
Manoj Ceramic IPO is a fixed price issue of ₹14.47 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹14.47 crore.
Manoj Ceramic IPO bidding started from Dec 27, 2023 and ended on Dec 29, 2023. The allotment for Manoj Ceramic IPO was finalized on Jan 1, 2024. The shares got listed on BSE SME on Jan 3, 2024.
Manoj Ceramic IPO price is ₹62 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,48,000.
Swaraj shares & securities Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Manoj Ceramic IPO RHP for detailed Information.
IPO Open
Wed, Dec 27, 2023
IPO Close
Fri, Dec 29, 2023
Issue Price
₹62 per share
Market Cap (Pre-IPO)
₹51.67 Cr
| IPO Date | 27 to 29 Dec, 2023 |
| Listed on | Wed, Jan 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,34,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,18,000 shares Shreni Shares Ltd. (agg. up to ₹0.7316 Cr) |
| Fresh Issue (Ex Market Maker) | 22,16,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 22,16,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 83,34,000 shares |
| BSE Script Code | 544073 |
| ISIN | INE0A6N01026 |
Manoj Ceramic IPO comprises a total issue size of 23,34,000 shares. The net offer to the public is 22,16,000 shares, after excluding 1,18,000 shares allotted on a firm basis. Of the Net offer 11,08,000 (50.00%) allocated to NII 11,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,08,000 | 50.00% | 47.47% |
| Retail Shares Offered | 11,08,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,18,000 | 5.06% | |
| Total Shares Offered | 23,34,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Incorporated in 1991, Manoj Ceramic Limited trades in ceramic tiles and tile adhesives under the brand name "MCPL".
The company's product portfolio includes ceramic tiles and tile adhesives.
Ceramic tiles: Providing tiles in various shapes, colors, and sizes through its dealer network, retail showrooms, export, and B2B sales to various end users such as architects, builders, and contractors. The company has the tiles manufactured by a third-party manufacturer and does not produce them itself.
The company has a network of dealers in the western and southern regions of India, mainly in Maharashtra, Goa, Tamil Nadu, and Karnataka.
The company's retail showrooms are located in Mumbai at Ghatkopar and Andheri and in Bangalore at Raja Rajeshwari Nagar.
Tile adhesives: Supplies tile adhesives to the end user through its distribution network in Maharashtra. The company orders the material from a third-party manufacturer and does not produce it itself.
In addition to the distribution network, the company also sells the product via its B2B network, i.e. to architects, builders and contractors, whom it supplies directly.
As of December 2023, the company has also incorporated its subsidiary in London, UK, under the name MCPL Ceramic Limited.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 84.91 | 77.88 | 58.67 | 60.75 |
| Total Income | 43.75 | 74.93 | 45.00 | 37.31 |
| Profit After Tax | 3.02 | 3.62 | 0.95 | 0.08 |
| NET Worth | 16.10 | 13.10 | 9.48 | 8.53 |
| Reserves and Surplus | 7.60 | 9.10 | 5.48 | 4.53 |
| Total Borrowing | 58.63 | 50.55 | 34.96 | 39.26 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 9.50 |
| 2 | General Corporate Purpose | 3.08 |
| KPI | |
|---|---|
| Debt/Equity | 3.86 |
| RoNW | 27.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 241.62 | |
| P/E (x) | 0.26 | 8.56 |
| Promoter Holding | 99.55% | 71.67% |
| Market Cap | ₹51.67 Cr. |
The MCPL IPO is subscribed 9 times on December 29, 2023 7:02:00 PM (Day 3). The public issue subscribed 10.73 times in the retail category, [.] times in the QIB category, and 7.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 7.28 | 11,08,000 | 80,62,000 |
| Retail | 10.73 | 11,08,000 | 1,18,84,000 |
| Total | 9 | 22,16,000 | 1,99,46,000 |
Total Application : 6,824
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager & Other Intermediaries | 0.45 |
| 2 | Advertisement Expenses | 0.02 |
| 3 | Fees payable to Regulators including Stock Exchange | 0.05 |
| 4 | Printing & Distribution Expenses | 0.03 |
| 5 | Marketing & Selling Expenses | 1.31 |
| 6 | Payment to Sponsor Bank, Brokerage and Other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹82.00 |
| Low | ₹77.90 |
| High | ₹84.00 |
| Last Trade | ₹77.90 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Manoj Ceramic IPO is a SME IPO of 23,34,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Dec 27, 2023, and closes on Fri, Dec 29, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Manoj Ceramic IPO using UPI as a payment gateway. Zerodha customers can apply in Manoj Ceramic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manoj Ceramic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manoj Ceramic IPO opens on Wed, Dec 27, 2023 and closes on Fri, Dec 29, 2023.
Manoj Ceramic IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Manoj Ceramic IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Manoj Ceramic IPO will be done on Monday, January 1, 2024, and the allotted shares will be credited to your demat account by Tue, Jan 2, 2024. Check the Manoj Ceramic IPO allotment status.
The Manoj Ceramic IPO listing date is on Wed, Jan 3, 2024.
