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 name | Manoj Ceramic Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.mcplworld.com/ |
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 date | 27 December 2023 |
| IPO Closing | 29 December 2023 |
| Basis of Allotment | 01 January 2024 |
| Initiation Refund | 02 January 2024 |
| Credit to Demat Account | 02 January 2024 |
| Listing Date | 03 January 2024 |
Manoj Ceramic IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹14.47 Cr – 2,334,000 shares |
| Fresh Issue | ₹14.47 Cr – 2,334,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹62 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 118,000 shares |
| Shareholding pre-issue | 6,000,000 |
| Shareholding post-issue | 8,334,000 |
| Listing Exchange | BSE SME |
Manoj Ceramic IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Manoj Ceramic IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 118,000 (5.06%) |
| Other Shares Offered | 1,108,000 (47.47%) |
| Retail Shares Offered | 1,108,000 (47.47%) |
| Total Shares Offered | 2,334,000 (100%) |
Manoj Ceramic Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 35.57 | 43.14 | 73.51 | 43.15 |
| Expenses | 37.03 | 43.75 | 69.99 | 39.67 |
| Net income | 0.08 | 0.95 | 3.62 | 3.02 |
Manoj Ceramic Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.14 | 1.58 | 6.04 |
| PE ratio | – | – | 10.26 |
| RONW (%) | 0.97 | 9.97 | 27.67 |
| NAV | 568.74 | 631.75 | 873.36 |
| ROCE (%) | – | 12.00 | 15.00 |
| EBITDA (%) | 10.75 | 8.86 | 11.07 |
| Debt/Equity | 4.60 | 3.69 | 3.86 |
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 Holding | 99.55% |
| Post Issue Share Holding | 71.67% |
Manoj Ceramic IPO Lead Manager(s)
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email: compliance@swarajshares.com
Website: www.swarajshares.com
Manoj Ceramic IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132
Email: support@purvashare.com
Website: www.purvashare.com
Manoj Ceramic Contact Details
MANOJ CERAMIC LIMITED
Unit No. 2 to 8, Building No. 19-24,
Indian Corporation Compound, Mankoli Naka,
Bhiwandi, Thane – 421302, Maharashtra
Phone: +91-9819557152
E-mail: info@mcplworld.com
Website: www.mcplworld.com
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
