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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 ₹62.00 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). The minimum lot size investment for 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 Date | December 27, 2023 to December 29, 2023 |
| Listing Date | January 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,34,000 shares (aggregating up to ₹14.47 Cr) |
| Reserved for Market Maker | 1,18,000 shares Shreni Shares Ltd. (aggregating up to ₹0.7316 Cr) |
| Net Offered to Public | 22,16,000 shares (aggregating up to ₹13.74 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 83,34,000 shares |
MCPL IPO offers total 23,34,000 shares. Out of which 11,08,000 (47.47%) allocated to NII, 11,08,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,18,000 (5.06%) |
| NII (HNI) Shares Offered | 11,08,000 (47.47%) |
| Retail Shares Offered | 11,08,000 (47.47%) |
| Total Shares Offered | 23,34,000 (100.00%) |
Manoj Ceramic IPO opens on December 27, 2023, and closes on December 29, 2023.
| IPO Open Date | Wed, Dec 27, 2023 |
| IPO Close Date | Fri, Dec 29, 2023 |
| Tentative Allotment | Mon, Jan 1, 2024 |
| Initiation of Refunds | Tue, Jan 2, 2024 |
| Credit of Shares to Demat | Tue, Jan 2, 2024 |
| Tentative Listing Date | Wed, Jan 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 29, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,491.23 | 7,787.64 | 5,866.52 | 6,074.55 |
| Total Income | 4,374.54 | 7,493.48 | 4,499.62 | 3,730.84 |
| Profit After Tax | 301.75 | 362.43 | 94.50 | 8.24 |
| Net Worth | 1,610.05 | 1,310.05 | 947.62 | 853.11 |
| Reserves and Surplus | 760.05 | 910.05 | 547.62 | 453.11 |
| Total Borrowing | 5,862.72 | 5,054.97 | 3,495.83 | 3,926.16 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Manoj Ceramic IPO is ₹51.67 Cr.
| KPI | Values |
|---|---|
| Debt/Equity | 3.86 |
| RoNW | 27.67% |
The company intends to utilize the issue proceeds to meet the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Based on its FY24 annualized super earnings, the issue appears lucratively priced. The sustainability of reported margins from FY23 onwards raise concerns. Well-informed investors may park moderate funds for the medium term. Read detail review...
| Listing Date | January 3, 2024 |
| BSE Script Code | 544073 |
| NSE Symbol | |
| ISIN | INE0A6N01026 |
| Final Issue Price | ₹62 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹82.00 |
| Low | ₹77.90 |
| High | ₹84.00 |
| Last Trade | ₹77.90 |
Manoj Ceramic Ltd.
1, Krishna Kunj,
140 Vallabh Baugh Lane,
Ghatkopar (East), Mumbai – 400077
Ghatkopar, Maharashtra
Phone: +91-9167271066
Email: info@mcplworld.com
Website: https://mcplworld.com/home
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Manoj Ceramic IPO is a SME IPO of 23,34,000 equity shares of the face value of ₹10 aggregating up to ₹14.47 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on December 27, 2023, and closes on December 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 December 27, 2023 and closes on December 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 Tuesday, January 2, 2024. Check the Manoj Ceramic IPO allotment status.
The Manoj Ceramic IPO listing date is on Wednesday, January 3, 2024.
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