The Manoj Ceramic date has been confirmed from December 27, 2023 and closes on December 29, 2023.
Manoj Ceramic Developers IPO is a fixed price issue of Rs 14.47 crores. The price is ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
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Bidding Dates
December 27-29
Price Range
₹62 per share
Face Value
₹10 per share
GMP
₹[.]
Manoj Ceramic IPO GMP
The Manoj Ceramic IPO GMP is ₹[.].
IPO Overview
The MCPL IPO has a fixed price of Rs 14.47 crores. The issue is a completely new issue of 23.34 lakh shares. The MCPL IPO goes on sale on December 27, 2023, and ends on December 29, 2023. The MCPL IPO allotment is expected to be completed on Monday, January 1, 2024. The MCPL IPO will be listed on the BSE SME with a tentative listing date of Wednesday, January 3, 2024. The IPO price for MCPL is ₹62 per share.
In addition to the distribution network, the company offers the product directly to architects, builders, and contractors through its B2B network. As of December 2023, the company has also established a subsidiary in London, UK, called MCPL Ceramic Limited. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹140,000. For HNI, the minimum lot size investment is two lots (4,000 shares), totaling ₹248,000.
Manoj Ceramic IPO Details
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,334,000 shares (aggregating up to ₹14.47 Cr) |
| Fresh Issue | 2,334,000 shares (aggregating up to ₹14.47 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,000,000 |
| Share holding post issue | 8,334,000 |
| Market Maker portion | 118,000 shares |
Manoj Ceramic Limited Financial Information
| 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 |
| Revenue | 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 |
MCPL IPO Timeline
| IPO Open Date | Wednesday, December 27, 2023 |
| IPO Close Date | Friday, December 29, 2023 |
| Basis of Allotment | Monday, January 1, 2024 |
| Initiation of Refunds | Tuesday, January 2, 2024 |
| Credit of Shares to Demat | Tuesday, January 2, 2024 |
| Listing Date | Wednesday, January 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 29, 2023 |
Company Profile
Manoj Ceramic Limited, founded in 1991, sells ceramic tiles and tile adhesives under the brand name “MCPL.” Ceramic tiles and tile adhesives are among the products offered by the company.
- Ceramic tiles: Providing tiles in a variety of shapes, colours, and sizes to architects, builders, and contractors through its dealer network, retail showrooms, export, and B2B sales. The tiles are created by a third-party manufacturer; the corporation does not produce them.
- Tile adhesives: Distributes tile adhesives to end users in Maharashtra via its distribution network. The material is ordered from a third-party producer rather than produced in-house.
The company maintains a dealer network across India’s western and southern regions, primarily in Maharashtra, Goa, Tamil Nadu, and Karnataka. The retail showrooms of the company are located in Mumbai at Ghatkopar and Andheri, and in Bangalore at Raja Rajeshwari Nagar.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | newissue@purvashare.com |
| Website | purvashare.com |
Contact Details
| Name | Manoj Ceramic Limited |
| Phone number | +91-9167271066 |
| Email ID | info@mcplworld.com |
| Website | mcplworld.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
