The Manoj Ceramic IPO started on December 27, 2023, and ended on December 29, 2023. Shares were allocated on January 1, 2024, and refund processes began on January 2, 2024. On January 2, 2024, the shares were credited to investors demat accounts. Manoj Ceramic was officially listed on the stock exchange on January 3, 2024.
During the IPO, MCPL offered shares at a price range of ₹62 per share, and the lot size was 2000 shares. The total issue size was ₹14.47 crores, with ₹14.47 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Manoj Ceramic IPO Subscription Update Video
Manoj Ceramic IPO Subscription Status
The Manoj Ceramic IPO on December 28, 2023 was subscribed times, with the retail category being subscribed times, the other category being subscribed times.
| Category | Subscription |
| Other | x |
| Retail | x |
| Total | x |
MCPL IPO Basic Details
| Company Name | MCPL Limited |
| Domain of Company | Ceramic Tiles and Tile Adhesives Trader |
| MCPL IPO Open Date | December 27, 2023 |
| MCPL IPO Close Date | December 29, 2023 |
| MCPL IPO Allotment Date | January 1, 2023 |
| MCPL IPO Listing Date | 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 |
| 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) |
About MCPL Limited
Established in 1991, Manoj Ceramic Limited is in the business of trading ceramic tiles and tile adhesives, and it goes by the brand name “MCPL.”
The company’s lineup includes ceramic tiles and tile adhesives.
Ceramic tiles: They offer a variety of tiles in different shapes, colors, and sizes through dealers, retail showrooms, exports, and B2B sales to end users like architects, builders, and contractors. The company doesn’t make the tiles itself but collaborates with a third-party manufacturer. Their dealer network is primarily in the western and southern regions of India, specifically in Maharashtra, Goa, Tamil Nadu, and Karnataka. Retail showrooms can be found in Mumbai at Ghatkopar and Andheri, as well as in Bangalore at Raja Rajeshwari Nagar.
Tile adhesives: The company supplies tile adhesives to end users in Maharashtra through its distribution network. Similar to ceramic tiles, the material is sourced from a third-party manufacturer. Apart from the distribution network, the company directly sells the product to architects, builders, and contractors through its B2B network.
In December 2023, the company expanded its reach by incorporating a subsidiary in London, UK, known as MCPL Ceramic Limited.
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Manoj Ceramic IPO FAQs
What is the start and end date of Manoj Ceramic IPO Subscription?
The Manoj Ceramic IPO started on December 27, 2023, and ended on December 29, 2023.
When does Manoj Ceramic IPO Subscription open?
The Manoj Ceramic IPO open on December 27, 2023.
When does Manoj Ceramic IPO Subscription close?
The Manoj Ceramic IPO Close on December 29, 2023.
What is the allotment date of Manoj Ceramic IPO?
The allotment date for Manoj Ceramic IPO is January 1, 2024.
When is the initial refund date of Manoj Ceramic IPO?
The initial Refund date for Manoj Ceramic IPO is January 2, 2024.
When were the shares credited to investors demat accounts for the MCPL IPO?
The shares for the MCPL IPO were credited to investors demat accounts on January 2, 2024.
When will MCPL IPO be listed on the stock market?
MCPL IPO stock market will be listed on January 3, 2024 at 10 am.
What was the price range of the MCPL IPO shares?
The MCPL IPO shares were offered at a price range of ₹62 per share.
What was the lot size for the MCPL IPO shares?
The lot size for the MCPL IPO shares was 2000 shares.
What was the total issue size of the MCPL IPO?
The total issue size of the MCPL IPO was ₹14.47 crores.
How were the shares allocated among different types of investors for the MCPL IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the MCPL IPO listed?
The MCPL IPO was listed on the BSE SME.
What is the MCPL IPO Subscription Status?
MCPL IPO is subscribed Times.
