MCPL IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 29, 2023Let’s have a detailed review of the company and analytics of the MCPL IPO release date, IPO offer price, subscription, MCPL Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 62 |
| Listing At | BSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1447 Lakh |
| IPO Size | Rs 1447 Lakh |
| Tick Size | 1 |
MCPL IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – MCPL Share Price |
MCPL IPO – Summary
‘Manoj Ceramic Limited (MCL) is in the business of trading ceramic tiles and Tiles Adhesive under their own brand “ MCPL” through a dealer network, Retail showroom, wholesale as BTB and export. MCL has been in the business since 1991 under the names and styles of ‘Manoj and Company’, ‘Manoj And Company Trading Private Limited’, and ‘Manoj Ceramic Private Limited’ At the beginning of the year 2019, the company transitioned from a private limited into a public limited company under the name and style ‘Manoj Ceramic Limited’, as certified vide certificate of incorporation dated January 22, 2019.
The Promoter of this company is 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. The lead manager of the issue is SWARAJ SHARES AND SECURITIES PRIVATE LIMITED, and the Registrar of this issue is PURVA SHARE REGISTRY (INDIA) PRIVATE LIMITED.
MCPL IPO Date
The opening and closing dates of the MCPL IPO are December 27, 2023 and December 29, 2023 respectively.
MCPL IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27th Dec | 0.69x | 0.79x | 0.74x |
| 2nd Day – 28th Dec | 1.76x | 3.32x | 2.54x |
| 3rd Day – 29th Dec | 7.28x | 10.73x | 9.00x |
| Shares Offered or Net Issue | 1,108,000 | 1,108,000 | 2,334,000 |
The shares subscribed by the public will be updated here.
MCPL IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
MCPL Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 1, 2024 |
| Refunds Initiation | January 2, 2024 |
| Credit of Shares to Demat Account | January 2, 2024 |
| Share Listing Date | January 3, 2024 |
MCPL IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.62
MCPL IPO Equity Size
This Initial Public Issue of 2,334,000 Equity Shares of Rs.10 each for cash at a price of Rs.62 per equity share aggregating to Rs.1447 Lakh.
MCPL IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,334,000 Equity Shares of Rs.10/ each.
Issue Size: 2,334,000 Equity Shares of Rs.10 each, aggregating to Rs.1447 Lakh
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MCPL IPO – Live Performance
The listing date of this IPO is January 3, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – MCPL Share Price |
MCPL IPO Grey Market Premium
The MCPL Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
MCPL IPO – Company Overview
The history of Manoj can be traced back to the beginning of 1991, when Mr. Manoj Dharamshi Rakhasiya, and Mrs. Samjuben Dharamshi Rakhasiya, entered into a partnership deed and started a business of trading and supplying building and construction materials such as marble, granites, stones, cement, steel, sand, iron, tiles, and fittings, under the firm name ‘Manoj and Company’.
With the expiry of Mrs. Samjuben Dharamshi Rakhasiya, two new partners, namely being, Mrs. Anjana Manoj Rakhasiya, and Manoj D Rakhasiya HUF (acting through its Mr. Manoj Dharamshi Rakhasiya) Dharamshi Rakhasiya, were admitted to the then firm name ‘Manoj and Company’ in the year 2004.
Thereafter to establish its separate legal identity, a private limited company under the name and style of ‘Manoj And Company Trading Private Limited’ had been incorporated on December 12, 2006. Further, vide certificate of incorporation dated November 22, 2018, the name of the company had changed from ‘Manoj and Company Trading Private Limited’ to ‘Manoj Ceramic Private Limited’.
MCPL IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 7,787.64 | 5,866.52 | 6,074.55 |
| *Total Revenue | 7,493.48 | 4,499.62 | 3,730.84 |
| Total Expense | 6,999.42 | 4,375.30 | 3,703.05 |
| Profit After Tax | 362.43 | 94.50 | 8.24 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 241.84 | 62.60 | 1.44 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 362.43 Lakh, Rs. 94.50 Lakh and Rs. 8.24 Lakh respectively.
MCPL IPO – Promoters
The Promoter of this company is:
- Mr. Manoj Dharamshi Rakhasiya,
- Mrs. Anjana Manoj Rakhasiya,
- Mr. Dhruv Manoj Rakhasiya,
- Mr. Akash Manoj Rakhasiya,
- Mrs. Manasvi Dhruv Rakhasiya,
- Manoj D Rakhasiya HUF
List of Related Parties (Key Managerial Personnel)
- Dhruv Manoj Rakhasiya, Managing Director
- Mr. Anjana Manoj Rakhasiya, Non-Executive Director
- Mr. Manoj Dharamshi Rakhasiya, Executive Director
MCPL IPO – Promoters Holding
- Pre-Issue Share Holding – 99.55%
- Post-Issue Share Holding – 71.67%
MCPL IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 23,34,000 Equity Shares aggregating up to Rs.1447 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 60,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
MCPL IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital expenses;
- General Corporate Purpose; and
MCPL IPO – Business Strategy
- To expand their international footprint through establishing dealers and distributors relationships
- Further expand their client base and market share through enhanced sales and marketing
- Strengthening their supply chain ecosystem and building on their efficiency
- Grow their relationships with their existing customers
- Strengthening their business through effective branding, promotional and digital marketing activities
MCPL IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality and focus on customer satisfaction;
- Experienced Promoters and Management Expertise;
- Satisfactory track record
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 241.84 | 27.83 | 869.12 |
| 31-Mar-22 | 62.60 | 9.98 | 627.28 |
| Mar-21 | 1.44 | 0.25 | 564.68 |
MCPL IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Lakhs) | |
| MCPL Limited | 10 | [●] | 241.84 | 27.383 | 7,260.94 |
| Listed Peers | |||||
| Asian Granito India Limited | 10 | 19.73 | 10.51 | 1,34,910.33 | |
| Murudeshwar Ceramics Limited | 10 | 0.49 | 0.63 | 12,291.63 | |
| Orient Bell Limited | 10 | 21.57 | 11.02 | 65,430.92 |
MCPL IPO Lead Managers
| Lead Managers |
| SWARAJ SHARES AND SECURITIES PRIVATE LIMITED Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India Contact Number: +91-22-6964-9999 Email Address: compliance@swarajshares.com Investor Grievance Email ID: investor.relations@swarajshares.com Contact Person: Pankita Patel/ Tanmoy Banerjee Website: www.swarajshares.com SEBI Registration Number: INM00012980 CIN: U51101WB2000PTC092621 |
MCPL IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHARE REGISTRY (INDIA) PRIVATE LIMITED 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower Parel (East) Mumbai- 400011 Maharashtra India. Telephone: +91 022 4961 4132 Investor Grievance Email ID: support@purvashare.com Contact Person: Ms. Deepali Dhuri Website: www.purvashare.com SEBI Registration Number: INR000001112 CIN: U67120MH1993PTC074079 |
MCPL IPO – Other Details
- Statutory Auditor – M/s Chhogmal & Co, Chartered Accountants
- Legal Counsel to the Company – Rajani Associates
- Bankers to the Company – Indian Bank
MCPL IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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MCPL Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
MCPL IPO Review FAQs
Check out various FAQs related to MCPL IPO:
What is the Issue Size of MCPL IPO?
The Company is making an initial public offer of 2,334,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of MCPL IPO?
The price band for this particular IPO ranges between Rs 62. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the MCPL IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 27, 2023, while the closing date is set at December 29, 2023.
What is the MCPL IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 1, 2024, refund initiation is on January 2, 2024, credit of shares is on January 2, 2024, and share listing date is on January 3, 2024.
What is the MCPL IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 3, 2024. The date, when the listing would be done, is stagnant on January 3, 2024.
Who is the Registrar of MCPL IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHARE REGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of MCPL IPO?
Here are the promoters of this IPO – 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. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of MCPL IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is MCPL IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of MCPL Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 362.43, 2022 is 94.50, and 2021 is 8.24.
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