Manoj Ceramic IPO Details ( MCPL Limited IPO Review )
(27 Dec 2023 – 29 Dec 2023)
Established in 1991, Manoj Ceramic Limited is in the business of trading ceramic tiles and tile adhesives, operating under the brand name “MCPL.”
The company’s product lineup consists of ceramic tiles and tile adhesives.
Ceramic tiles: MCPL offers a variety of tiles in different shapes, colors, and sizes. These tiles are distributed through a network of dealers, retail showrooms, and B2B sales to end users like architects, builders, and contractors. The actual manufacturing of the tiles is done by a third-party, as the company does not produce them in-house.
The company’s dealer network covers the western and southern regions of India, particularly in Maharashtra, Goa, Tamil Nadu, and Karnataka. Retail showrooms are situated in Mumbai at Ghatkopar and Andheri, as well as in Bangalore at Raja Rajeshwari Nagar.
Tile adhesives: MCPL supplies tile adhesives to end users in Maharashtra through its distribution network. Similar to ceramic tiles, the company sources these adhesives from a third-party manufacturer and does not engage in their production.
Apart from the distribution network, the company sells tile adhesives through its B2B network, directly catering to architects, builders, and contractors.
As of December 2023, the company has expanded its operations by incorporating a subsidiary in London, UK, named MCPL Ceramic Limited.
Manoj Ceramic Limited Company Product
- Ceramic Tiles
- Tile Adhesive
Manoj Ceramic IPO Financials Performance ( Results )
Manoj Ceramic Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 6,074.55 | 3,730.84 | 8.24 | 0.14 | 853.11 | 453.11 | 3,926.16 |
| 31-Mar-22 | 5,866.52 | 4,499.62 | 94.50 | 1.58 | 947.62 | 547.62 | 3,495.83 |
| 31-Mar-23 | 7,787.64 | 7,493.48 | 362.43 | 6.04 | 1,310.05 | 910.05 | 5,054.97 |
| 30-Sep-23 | 8,491.23 | 4,374.54 | 301.75 | 5.03 | 1,610.05 | 760.05 | 5,862.72 |
Objective of MCPL IPO Issue
- To meet the working capital expenses
- General Corporate Purpose
Manoj Ceramic IPO Basic Details
| IPO Date | Dec 27, 2023 to Dec 29, 2023 |
| Listing Date | Wednesday, January 3, 2023 |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,334,000 shares of ₹10 (aggregating up to ₹14.47 Cr) |
| Fresh Issue | 2,334,000 shares of ₹10 (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 |
| Company Promoters | Mr. Manoj Dharamshi Rakhasiya, Mrs. Anjana Manoj Rakhasiya, Mr. Dhruv Manoj Rakhasiya, Mr.Akash Manoj Rakhasiya, Mrs. Manasvi Dhruv Rakhasiya, and Manoj D Rakhasiya HUF (acting through its Karta Mr. Manoj Dharamshi Rakhasiya) |
Manoj Ceramic IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Manoj Ceramic IPO Timetable
Manoj Ceramic IPO will open on December 27, 2023 and close on December 29, 2023. You can join Manoj Ceramic IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 December 2023 (Wednesday) |
| Closing Date | 29 December 2023 (Friday) |
| Basis of Allotment | 1 December 2024 (Monday) |
| Initiation of Refunds | 2 December 2024 (Tuesday) |
| Credit of Shares to Demat | 2 December 2024 (Tuesday) |
| Listing Date | 3 December 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 29 December 2023 |
MCPL IPO Lot Size
For retail investors in MCPL IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹00,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹000,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4000 | ₹248,000 |
Manoj Ceramic IPO Promoter Holding
The company’s promoters include Mr. Manoj Dharamshi Rakhasiya, Mrs. Anjana Manoj Rakhasiya, Mr. Dhruv Manoj Rakhasiya, Mr.Akash Manoj Rakhasiya, Mrs. Manasvi Dhruv Rakhasiya, and Manoj D Rakhasiya HUF (acting through its Karta Mr. Manoj Dharamshi Rakhasiya).
| Pre Issue Share Holding | 99.55% |
| Post Issue Share Holding | 71.67% |
Manoj Ceramic Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 51.67 |
| Earning Per Share (EPS) | ₹6.04 per Equity Share |
| Net Asset Value (NAV) | ₹873.36 per Equity Share |
| P/E Ratio (P/E) (x) | 0.26 |
| Post P/E Ratio (P/E) (x) | 8.56 |
| Return on Net Worth (RoNW) (%) | 27.67 |
| Debt/Equity Ratio | 3.86 |
MCPL Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Manoj Ceramic Limited | Consolidated | ₹100.00/- | 241.62 | 0.26 | 27.67 | 873.36 |
| Peer Group | ||||||
| Asian Granito India Limited | Consolidated | ₹10.00/- | 19.73 | 5.02 | 10.51 | 147.47 |
| Murudeshwar Ceramics Limited | Consolidated | ₹10.00/- | 0.47 | 53.72 | 0.63 | 61.76 |
| Orient Bell Limited | Consolidated | ₹10.00/- | 21.26 | 23.78 | 11.02 | 195.25 |
Manoj Ceramic IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 2 January 2024 | ₹0 | – | – |
| 1 January 2024 | ₹0 | – | – |
| 31 December 2023 | ₹0 | – | – |
| 30 December 2023 | ₹0 | – | – |
| 29 December 2023 | ₹0 | – | – |
| 28 December 2023 | ₹0 | – | – |
| 27 December 2023 | ₹0 | – | – |
| 26 December 2023 | ₹0 | – | – |
| 25 December 2023 | ₹0 | – | – |
Manoj Ceramic IPO Detail Video:
Video is not available
Manoj Ceramic IPO Subscription Status (Bidding Detail)
The Manoj Ceramic IPO on December 29, 2023 at 7:30:00 PM was subscribed 9.00 times, with the retail category being subscribed 10.73 times, the other category being subscribed 7.28 times.
| Category | Subscription |
| Other | 7.28x |
| Retail | 10.73x |
| Total | 9.00x |
Manoj Ceramic IPO Prospectus
| Manoj Ceramic IPO DRHP | Download |
| Manoj Ceramic IPO RHP | Download |
| Manoj Ceramic IPO Anchor Investors Details PDF | Download |
Manoj Ceramic IPO Rating
| Our Rating | 2.0/5.0 |
Manoj Ceramic Company Contact Information
Manoj Ceramic Limited
Registered Office: 1, Krishna Kunj, 140 Vallabh Baugh Lane, Ghatkopar (East), Mumbai – 400077, Maharashtra, India;
Corporate Office: Unit No. 2 to 8, Building No. 19-24, Indian Corporation Compound, Mankoli Naka, Bhiwandi, Thane – 421302, Maharashtra, India;
Contact Number: +91 9819557152
E-mail: info@mcplworld.com
Website: www.mcplworld.com
Contact Person: Ms. Krupa Thakkar, Company Secretary and Compliance Officer
Promoters of Our Company: Mr. Manoj Dharamshi Rakhasiya, Mrs. Anjana Manoj Rakhasiya, Mr. Dhruv Manoj Rakhasiya, Mr. Akash Manoj Rakhasiya, Mrs. Manasvi Dhruv Rakhasiya, and Manoj
D Rakhasiya Huf (Acting Through Its Karta Mr. Manoj Dharamshi Rakhasiya)
Manoj Ceramic IPO Registrar
Purva Shareregistry (India) Private Limited
Registered Office: 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower Parel (East) Mumbai- 400011, Maharashtra India.
Telephone: +91 022 4961 4132
Investor Grievance Email ID: support@purvashare.com
Contact Person: Ms. Deepali Dhuri
Website: www.purvashare.com
SEBI Registration Number: INR000001112
CIN: U67120MH1993PTC074079
Manoj Ceramic IPO Lead Manager
Swaraj Shares and Securities Private Limited
Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri Kurla Road,
Andheri East, Mumbai – 400093, Maharashtra, India
Contact Number: +91-22-6964-9999
Email Address: compliance@swarajshares.com
Investor Grievance Email ID: investor.relations@swarajshares.com
Contact Person: Pankita Patel/ Tanmoy Banerjee
Website: www.swarajshares.com
SEBI Registration Number: INM00012980
CIN: U51101WB2000PTC092621
Manoj Ceramic IPO FAQs
What is the lot size of Manoj Ceramic IPO?
The total size of Manoj Ceramic IPO is ₹14.47 crores and this is a complete fresh Issue.
When will Manoj Ceramic IPO start?
Manoj Ceramic IPO will open from 27 December 2023 and IPO will close on 29 December 2023.
What is the open date of MCPL IPO?
MCPL IPO will open date from 27 December 2023.
What is the last date ( close date ) of MCPL IPO?
MCPL IPO will close from 29 December 2023.
What is the price band of Manoj Ceramic IPO?
Manoj Ceramic IPO price band is ₹62.
What is the minimum amount required to apply for Manoj Ceramic IPO?
The minimum investment for retailers to apply for Manoj Ceramic IPO is ₹124,000 and the maximum investment is ₹124,000.
What is going on gray market premium of Manoj Ceramic IPO?
View gray market premium of Manoj Ceramic IPO by Clicking Here
How much is the GMP of Manoj Ceramic IPO?
Watch Manoj Ceramic IPO GMP Today: Click Here
What is the allotment date of Manoj Ceramic IPO?
The allotment date of Manoj Ceramic IPO is 1 January 2024.
How to check allotment status in Manoj Ceramic IPO?
To check the allotment status of Manoj Ceramic IPO, first of all go to the registrar website by clicking here, select your bad Manoj Ceramic IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Manoj Ceramic IPO?
The listing date of Manoj Ceramic IPO is 3 January 2024.
How much will be the listing gain in Manoj Ceramic IPO?
View listing gain of Manoj Ceramic IPO by Clicking Here
How much time Manoj Ceramic IPO is subscribed?
Total 9.00 times subscribed in Manoj Ceramic IPO out of which 10.73 times subscription was done in retail quota, 7.28 times subscription in other quota.
How to apply for Manoj Ceramic IPO from Upstox?
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How to apply for Manoj Ceramic PO from Zerodha?
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How to apply for Manoj Ceramic IPO from Angle One?
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