Manoj Ceramic Limited IPO
- IPO Date27 Dec, 2023 to 29 Dec, 2023
- Listing Date03 Jan, 2024
- Face Value₹10 per share
- Issue Price₹62 to ₹62 per share
- Lot Size2000 Shares
- Minimum Investment₹1,24,000
- Listing AtBSE SME
- Total Issue Size23,34,000 Shares
(aggregating up to ₹14.47 Cr) - Fresh Issue23,34,000 Shares
(aggregating up to ₹14.47 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue60,00,000
- Shareholding post issue83,34,002
IPO Dates
Closing Date
29 Dec, 2023
Initiation of Refunds
02 Jan, 2024
Listing Date
03 Jan, 2024
27 Dec, 2023
Opening Date
01 Jan, 2024
Basis of Allotment
02 Jan, 2024
Credit of Shares
Manoj Ceramic Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 2000 | ₹1,24,000 |
| HNI (Min) | 2 | 4000 | ₹2,48,000 |
| Retail (Min) | 1 | 2000 | ₹1,24,000 |
Manoj Ceramic Limited Promoter Holding
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) are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.55% | 71.67% |
Manoj Ceramic Limited COMPANY INFORMATION
MCPL IPO is a fixed price issue of Rs 14.47 crores. The issue is entirely a fresh issue of 23.34 lakh shares. MCPL IPO bidding started from December 27, 2023 and ended on December 29, 2023. The allotment for the MCPL IPO is expected to be finalized on Monday, January 1, 2024. MCPL IPO will list on BSE SME with tentative listing date fixed as Wednesday, January 3, 2024. MCPL IPO price is ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000. Swaraj shares and securities private limited is the book running lead manager of the MCPL IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for MCPL IPO is Shreni Shares. Refer to MCPL IPO RHP for detailed information.
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.
FAQs About Manoj Ceramic Limited Ipo
Manoj Ceramic Limited IPO will open on 27 Dec, 2023 and close on 29 Dec, 2023. Investors must apply within this period to participate.
The Manoj Ceramic Limited IPO price band is set between ₹62.00 and ₹62.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹124000.00.
The Manoj Ceramic Limited IPO shares are expected to be listed on 03 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your Manoj Ceramic Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Manoj Ceramic Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.