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Manoj Ceramic Limited IPO (MCPL IPO) Detail

December 27, 2023 - December 29, 2023

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 MCPL IPO was finalized on Monday, January 1, 2024. The shares got listed on BSE SME on 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.

MCPL IPO Details

IPO Date December 27, 2023 to December 29, 2023
Listing Date January 3, 2024
Face Value ₹10 per share
Price ₹62 per share
Lot Size 2000 Shares
Total Issue Size2,334,000 shares
(aggregating up to ₹14.47 Cr)
Fresh Issue2,334,000 shares
(aggregating up to ₹14.47 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue6,000,000
Share holding post issue8,334,000
Market Maker portion118,000 shares
Shreni Shares

MCPL IPO Reservation

MCPL IPO offers 2,334,000 shares. 1,108,000 (47.47%) to NII, 1,108,000 (47.47%) to RII.

Investor Category Shares 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%)

MCPL IPO Timeline (Tentative Schedule)

MCPL IPO opens on December 27, 2023, and closes on December 29, 2023.

IPO Open Date Wednesday, December 27, 2023
IPO Close Date Friday, December 29, 2023
Basis of Allotment Monday, January 1, 2024
Initiation of Refunds Tuesday, January 2, 2024
Credit of Shares to Demat Tuesday, January 2, 2024
Listing Date Wednesday, January 3, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 29, 2023

MCPL IPO 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 (Min) 1 2000 ₹124,000
Retail (Max) 1 2000 ₹124,000
HNI (Min) 2 4,000 ₹248,000
Lot Size Calculator

MCPL IPO 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.

Share Holding Pre Issue 99.55%
Share Holding Post Issue 71.67%

About Manoj Ceramic Limited

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.

Manoj Ceramic Limited Financial Information (Restated)

Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,491.237,787.645,866.526,074.55
Revenue4,374.547,493.484,499.623,730.84
Profit After Tax301.75362.4394.508.24
Net Worth1,610.051,310.05947.62853.11
Reserves and Surplus760.05910.05547.62453.11
Total Borrowing5,862.725,054.973,495.833,926.16
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of MCPL IPO is Rs 51.67 Cr.

KPI Values
Debt/Equity3.86
RoNW27.67%
Pre IPO Post IPO
EPS (Rs) 241.62
P/E (x) 0.268.56

Objects of the Issue (MCPL IPO Objectives)

The company intends to utilize the issue proceeds to meet the following objects:

  1. To meet the working capital expenses
  2. General Corporate Purpose

MCPL IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. Based on its FY24 annualized super earnings, the issue appears lucratively priced. The sustainability of reported margins from FY23 onwards raise concerns. Well-informed investors may park moderate funds for the medium term. Read detail review...


MCPL IPO Subscription Status (Bidding Detail)

The MCPL IPO is subscribed 9.00 times on December 29, 2023 7:02:00 PM. The public issue subscribed 10.73 times in the retail category, times in the QIB category, and 7.28 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other7.28
Retail10.73
Total9.00

Total Application : 6,824 (5.85 times)

MCPL IPO Prospectus

MCPL IPO Rating

1
5.0
Rating:Rated 5.0 stars
Vote Here ...

MCPL IPO Listing Details

Listing Date January 3, 2024
BSE Script Code 544073
NSE Symbol
ISIN INE0A6N01026
Final Issue Price ₹62 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹62.00
₹82.00
₹77.90
₹84.00
₹77.90

Check IPO Performance…

Manoj Ceramic Limited Contact Details

Manoj Ceramic Limited
1, Krishna Kunj,
140 Vallabh Baugh Lane,
Ghatkopar (East), Mumbai – 400077
Phone: +91-9167271066
Email: info@mcplworld.com
Website: https://mcplworld.com/home

MCPL IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

MCPL IPO - Buy or Not

MCPL IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

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MCPL IPO FAQs

MCPL IPO is a SME IPO of 2,334,000 equity shares of the face value of ₹10 aggregating up to ₹14.47 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000 Shares.

The IPO opens on December 27, 2023, and closes on December 29, 2023.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in MCPL IPO using UPI as a payment gateway. Zerodha customers can apply in MCPL IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in MCPL IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'MCPL IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The MCPL IPO opens on December 27, 2023 and closes on December 29, 2023.

MCPL IPO lot size is 2000 Shares, and the minimum amount required is ₹124,000.

You can apply in MCPL IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for MCPL IPO will be done on Monday, January 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, January 2, 2024. Check the MCPL IPO allotment status.

The MCPL IPO listing date is on January 3, 2024.
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MCPL IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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83 Comments

26. Sanchit Jain |   Link |  Bookmark |January 5, 2024 10:32:03 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Have exited my position of 2 lots at almost UC today..
25. Dinesh Singh |   Link |  Bookmark |January 3, 2024 1:13:47 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold 2 alloted lots in pre open
Unexpected profits 📈.
Keep applying in low subscribed IPO'S for better return. 👍
25.2. Sanchit Jain |   Link |  Bookmark |January 3, 2024 6:07:55 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@Crazy xyz bhai, what is the target for you? What is your basis for expected rise in price?
25.3. Crazy xyz |   Link |  Bookmark |January 3, 2024 8:40:32 PM
Mene galti se HRH ki 9rs gmp dekh ke usme BHNI apply kar diya tha,
Iski GMP 0 this or subscriptions bhi nhi hua accha toh skip kr diya🥲
24. Mr pkn |   Link |  Bookmark |January 3, 2024 10:25:52 AM
@rohiitian what is your strategy after lc at 77.6
24.6. rohiitian |   Link |  Bookmark |January 4, 2024 10:10:07 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Sorry I mean IPO price
24.7. rohiitian |   Link |  Bookmark |January 5, 2024 9:28:49 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
@Mr pkn Looks like it broke out of LC earlier than expected (even touched UC briefly). I'm selling 1 more lot, and keeping 1 because overall profit is decent for me. You can take a call accordingly.
23. Dr.strange |   Link |  Bookmark |January 3, 2024 9:51:59 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Great start of 2024..!
Took risk and applied Manoj ceramic with 0 gmp
1st SME IPO allotted in 2 years (started with prevest denpro) , and handsomely rewarded

More than happy ,sold @82 in pre open
Better gain than HRH and Akanksha
22. Ram Bhakt |   Link |  Bookmark |January 3, 2024 9:47:29 AM
Studying fundamentals and applying even if there is no GMP is always rewarding.
First in electroforce and now in MCPL - listing pop of 32%. Congratulations to everyone who applied and got allotted.

I have exited 1 lot in pre-open and will keep 1 for long term.

Jai Siya Ram
21. rohiitian |   Link |  Bookmark |January 3, 2024 9:46:54 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
82 listing price (+32%).

Bumper listing ho gaya, with hardly any subscriptions. Good call to focus on this - will make as much money with 3 lots here, as with 1 lot of Balaji, but with 100% allotment with 1/40th capital :)
20. ARJUN'S EYE |   Link |  Bookmark |January 3, 2024 9:20:34 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Manoj Ceramic Ltd BSE SME IPO.
BSE Code:-544073
Symbol:-MCPL
Group:-MT
ISIN:-INE0A6N01026      
Issue Price:-62/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-BSE SME
19. svh |   Link |  Bookmark |January 2, 2024 8:45:06 PM
IPO Guru IPO Guru (2600+ Posts, 3700+ Likes)
Listing Tomorrow

🙏👍
19.2. svh |   Link |  Bookmark |January 2, 2024 10:44:14 PM
IPO Guru IPO Guru (2600+ Posts, 3700+ Likes)
@GrayIsTheNewBlack  Sir , Happy New Year To You Too :)

Yes Applied & Allotted.

What about You ?
🙏👍
19.3. GrayIsTheNewBlack |   Link |  Bookmark |January 2, 2024 11:40:05 PM
IPO Guru IPO Guru (2700+ Posts, 1800+ Likes)
@svh , had to skip due to lack of funds.
Applied FF in AIK Pipes to get multiple lots.
All the best for listing tomorrow 👍
18. KAPPO |   Link |  Bookmark |January 2, 2024 6:59:04 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Manoj ceramic 5 rs buyer in ahmedabad
18.1. Mukesh Elon Adani |   Link |  Bookmark |January 2, 2024 7:55:34 PM
Khela hoga khela, UC lagega don't sell
18.2. HOBBIES |   Link |  Bookmark |January 2, 2024 8:28:48 PM
@KAPPO ​ Listing gain ke pa6i lambi race bhai ?
17. Ram Bhakt |   Link |  Bookmark |January 2, 2024 8:13:59 PM
Alloted 2 lots here. Strategy will be the same as in Electroforce - sell 1 lot on listing, keep 1 for long term.
16. IPO jarur lagega |   Link |  Bookmark |January 1, 2024 5:07:35 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Not allotted..
Amount revoked.. 🙇
16.5. rohiitian |   Link |  Bookmark |January 1, 2024 6:54:34 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Thanks @IPO jarur lagega 

@IPO APPLIER Personally think the company is too cheaply valued at IPO price, and has lot of room in short term, but will take a final call based on exact listing price, and price action on day 1 (whether it hits UC or LC or sideways), and buying volumes. Will review again closer to the listing.
16.6. IPO jarur lagega |   Link |  Bookmark |January 3, 2024 10:05:32 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
As I said
Gives good returns of 32%
👍
15. South India Investor |   Link |  Bookmark |January 1, 2024 5:54:18 PM
1/2 allotted...
15.1. Mukesh Elon Adani |   Link |  Bookmark |January 1, 2024 6:04:49 PM
Khela hoga bhai khela isme,
15.2. South India Investor |   Link |  Bookmark |January 2, 2024 12:24:03 PM
1/2 shni

14. Basuvr |   Link |  Bookmark |January 1, 2024 5:06:14 PM
IPO Guru IPO Guru (2000+ Posts, 1100+ Likes)
Mandate revoked message received from Kotak.
14.1. Mukesh Elon Adani |   Link |  Bookmark |January 1, 2024 5:40:00 PM
Are you muslim?
13. GrowYourMoney |   Link |  Bookmark |December 31, 2023 12:35:12 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Nothing much Exciting
Can be passed
Many Great opportunities lying ahead
12. Karam |   Link |  Bookmark |December 29, 2023 9:18:29 PM
@GJ 😀 @lokes @GrayIsTheNewBlack @cb and other senior members. Allotment in HNI category will be as per subscription of 7.28 or as per total average subscription of 9.00 ?
12.2. GJ 😀 |   Link |  Bookmark |December 29, 2023 10:26:01 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@Karam ,
This being a fixed price IPO and Retail is more than HNI, share movement will happen from HNI to Retail and average subscription will be 9x in both category before technical rejections.

Note
Vice versa NOT applicable.
12.3. GJ 😀 |   Link |  Bookmark |December 29, 2023 10:28:53 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Recent example of this is Benchmark Computer Solutions IPO.

Check it's BOA here,
https://www.chittorgarh.com/ipo_basis_of_allotment/benchmark-computer-solutions-ipo/1554/
11. lokes |   Link |  Bookmark |December 29, 2023 2:45:07 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
i may apply here some retail applications...
11.4. B.M.SURANA |   Link |  Bookmark |December 31, 2023 8:17:23 AM
IPO Guru IPO Guru (2700+ Posts, 5300+ Likes)
@Jay Vagheshwari Maa 
₹०.५० - ₹१.५०
ज्यादा सौदे नहीं हो रहे हैं!
11.5. CB🤗 |   Link |  Bookmark |January 1, 2024 11:14:05 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
0/1 retail. HRH also 0/1, Balaji 0/2, Akansha.... Waiting
10. IEC |   Link |  Bookmark |December 29, 2023 10:00:44 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Skipped
9. rohiitian |   Link |  Bookmark |December 29, 2023 2:58:59 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Going with 1 application of 20 lots, looking for assured allotment. Unsure how the subscriptions will climb later.
9.9. Mukesh Elon Adani |   Link |  Bookmark |January 1, 2024 5:41:34 PM
Isme sach me khela hoga.
9.10. Mukesh Elon Adani |   Link |  Bookmark |January 1, 2024 5:42:03 PM
Aaandar ki khabar hai, is ceramic ipo me khela hoga
8. GJ 😀 |   Link |  Bookmark |December 29, 2023 5:10:50 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
MCPL IPO,
Skipped FF
7. VIPVIP |   Link |  Bookmark |December 29, 2023 3:23:41 PM (300+ Posts)
Applied
1 Retail
1 Hni (9 Lot)