Manoj Ceramic IPO 

Manoj Ceramic IPO  will open for subscription from 27 December 2023. The company aims for an issue size of ₹14.47 Cr through this IPO.

Company Overview

Full nameManoj Ceramic Limited
Company Website

About Company

Manoj Ceramic is engaged in the trading of ceramic tiles and Tiles Adhesive, marketed under its proprietary brand ‘MCPL.’ The company distributes its products through a network of dealers, retail showrooms, wholesale channels for business-to-business transactions, and export operations. The company’s range of products encompasses ceramic tiles and tile adhesives.

Ceramic Tiles: The product line features captivating designs, colors, and sizes, capable of transforming any space into a work of art. These tiles are distributed through the dealer network, retail showrooms, exports, and business-to-business sales, catering to various end-users such as architects, builders, and contractors. It’s noteworthy that the company outsources the manufacturing of tiles to a third party, as it does not produce them internally.

Currently, the company operates a dealer network in the Western and Southern regions of India, with a focus on Maharashtra, Goa, Tamil Nadu, and Karnataka. The company’s retail showrooms are situated in Mumbai, specifically in Ghatkopar and Andheri, as well as in Bangalore at Raja Rajeshwari Nagar. The company has successfully exported its Ceramic Tiles to Vancouver, Canada, and London, UK during the fiscal year 2022-2023. In response to the demand, the company has established a subsidiary in London, UK.

Tile Adhesives: It assures a robust bond, ensuring a smooth and durable installation for valued customers. The company distributes tile adhesives to end-users through its network in Maharashtra. Notably, the company sources the material from a third-party manufacturer and does not engage in its production.

The Objectives of the Issue

  • To meet the working capital expenses
  • General Corporate Purpose

Manoj Ceramic IPO  Timetable

IPO Opening date27 December 2023
IPO Closing29 December 2023
Basis of Allotment01 January 2024
Initiation Refund02 January 2024
Credit to Demat Account02 January 2024
Listing Date03 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on December 29, 2023)

Manoj Ceramic IPO  details

Issue typeFixed Price Issue IPO
IPO issue size₹14.47 Cr – 2,334,000 shares
Fresh Issue₹14.47 Cr – 2,334,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹62 per share
Lot size2000 Shares
Market Maker portion118,000 shares
Shareholding pre-issue6,000,000
Shareholding post-issue8,334,000
Listing ExchangeBSE SME

Manoj Ceramic IPO  Lot Size

Retail (Min)12000₹124,000
Retail (Max)12000₹124,000
HNI (Min)24,000₹248,000

Manoj Ceramic IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered118,000 (5.06%)
Other Shares Offered1,108,000 (47.47%)
Retail Shares Offered1,108,000 (47.47%)
Total Shares Offered2,334,000 (100%)

Manoj Ceramic Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income0.080.953.623.02
(Amount in ₹ Crores)

Manoj Ceramic Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio10.26
RONW (%)0.979.9727.67
ROCE (%)12.0015.00
EBITDA (%)10.758.8611.07

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)

Promoter Holding

Pre Issue Share Holding99.55%
Post Issue Share Holding71.67%

Manoj Ceramic IPO Lead Manager(s)

304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999

Manoj Ceramic IPO Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132

Manoj Ceramic Contact Details

Unit No. 2 to 8, Building No. 19-24,
Indian Corporation Compound, Mankoli Naka,
Bhiwandi, Thane – 421302, Maharashtra
Phone: +91-9819557152

Manoj Ceramic IPO Allotment Status

Manoj Ceramic IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.

Final thoughts

Manoj Ceramic IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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