Manoj Ceramic (MCPL) IPO Review

 
Manoj Ceramic IPO Review

IPO Open Date: December 27, 2023

IPO Close Date: December 29, 2023

IPO Price: ₹62 per share

Lot Size: 2000 Shares

Listing: January 3, 2024

MCPL is scheduled to hit the market on December 27, 2023 and close on December 29, 2023. MCPL plans to raise around ₹14.47 Cr through an IPO with a sale of up to 2,334,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.

Established in 1991, Manoj Ceramic Limited specializes in trading ceramic tiles and tile adhesives, marketed under the renowned brand “MCPL.”

Their offerings encompass a diverse range, including ceramic tiles and tile adhesives. Additionally, showcasing its global expansion strategy, the company established a subsidiary in London, UK, named MCPL Ceramic Limited, as of December 2023.

Manoj Ceramic


MCPL IPO Details

MCPL opens on Dec 27 , 2023, and closes on Dec 29 , 2023. The Listing date for MCPL IPO is on Jan 03, 2024. The price band for IPO is ₹62 per share and lot size of 2000 Shares.

IPO DateDec 27 , 2023 to Dec 29, 2023
Listing DateJan 03, 2024
Price₹62 per share
Lot Size2000 Shares
Issue Size₹14.47 Cr
Face Value₹10 per share

MCPL IPO Tentative Timetable

MCPL opening date is December 27, 2023 and close date is December 29, 2023. The IPO allotment date is January 1, 2024. The refund initiation of IPO is on January 2, 2024. The credit of shares in demat account is on January 2, 2024. The listing date is on January 3, 2024.

EventDate
IPO OpeningDec 27, 2023
IPO ClosingDec 29, 2023
IPO Allotment DateJan 01, 2023
Refund InitiationJan 02, 2024
Shares Credit to DematJan 02, 2024
Lisiting DateJan 03, 2024

MCPL IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹124,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹124,000
Retail(Maximum)12000₹124,000
HNI (Minimum)24000₹248,000

MCPL IPO Promoter Holding

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

MCPL IPO Review

Manoj Ceramic Limited (MCPL) has showcased a robust financial performance, as evident from its fiscal growth metrics. The company recorded an impressive 66.54% surge in revenue and a remarkable 283.52% rise in profit after tax between FY 2022 and FY 2023. Such stellar growth rates signify the company's effective operational strategies and its potential to deliver value to stakeholders.

Reviewing the balance sheet, MCPL's assets have shown a consistent upward trajectory, reaching ₹8,491.23 Lakhs as of September 30, 2023. However, it's essential to highlight the debt position, with total borrowings at ₹5,862.72 Lakhs. This positions the company with a debt/equity ratio of 3.86, suggesting a relatively higher dependency on external borrowings.

The primary objectives for MCPL's IPO proceeds are focused on strengthening its working capital and fulfilling general corporate purposes. While this provides some clarity on the immediate capital allocation, investors would benefit from understanding the company's long-term growth strategy and how the capital raised will drive sustainable value creation.

MCPL IPO Subscription Status (Bidding Details)

Table not found

MCPL IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

MCPL IPO FAQs

What is MCPL IPO?

MCPL is issuing 2,334,000 equity shares with a face value of ₹10 each, totaling up to ₹14.47 Cr. The shares are being offered at a price of ₹62 each, with a minimum order quantity of 2000 shares.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When MCPL IPO will open?

MCPL will open on December 27 , 2023 for QIB, NII, and Retail Investors.

When MCPL IPO will end?

MCPL will end on December 29, 2023.

What is MCPL IPO Size?

MCPL IPO size is ₹14.47Cr.

What is MCPL IPO Price Band?

MCPL price band is ₹62  per share.

What is the MCPL IPO Allotment Date?

MCPL allotment date is January 1, 2024.

What is the MCPL IPO Listing Date?

MCPL listing date is January 03, 2024. The IPO is to be listed on BSE and NSE.

How to Apply MCPL IPO through Zerodha?

To apply for the IPO “MCPL” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply MCPL IPO through Upstox?

To apply for the IPO “MCPL” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check MCPL IPO Allotment Status?

For MCPL IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is MCPL IPO GMP?

You can check out here: MCPL IPO GMP

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