Manoj Ceramic Limited IPO

Price
₹62
Lot
2000
Subs.
9
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 27-Dec-2023
Close Date: 29-Dec-2023
Allotment Date: 01-Jan-2024
Listing Date: 03-Jan-2024
Listing Price: ₹85.66/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹62 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹124,000 : HNI - ₹248,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,108,0001,108,0002,216,000
Day 1 - 27-12-23 
05:00 PM
0.69x0.79x0.74x
Day 2 - 28-12-23 
05:00 PM
1.76x3.32x2.54x
Day 3 - 29-12-23 
05:00 PM
7.28x10.73x9.00x
Total No. of Application:6,824 (Approx.)
Retail Subscription on the basis of Apps:5.85x
Valuations

Earning Per Share(EPS)241.62/-
P/E Ratio0.26
RoNW27.67%
Net Asset Value (NAV) - Post Issue:873.36/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20238,491.234,374.54301.75
31 Mar,20237,787.647,493.48362.43
31 Mar,20225,866.524,499.6294.50
31 Mar,20216,074.553,730.848.24
Promoter(s)

Pre Issue Share Holding99.55%
Post Issue Share Holding71.67%
Company Promoter(s)
1. Mr. Manoj Dharamshi Rakhasiya
2. Mrs. Anjana Manoj Rakhasiya
3. Mr. Dhruv Manoj Rakhasiya
4. Mr.Akash Manoj Rakhasiya
5. Mrs. Manasvi Dhruv Rakhasiya
6. Manoj D Rakhasiya HUF (acting through its Karta Mr. Manoj Dharamshi Rakhasiya)
Issue Objective(s)

The company intends to utilize the issue proceeds to meet the following objects:

  1. To meet the working capital expenses
  2. General Corporate Purpose
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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