MCPL (Manoj Ceramic Limited) is set to launch its Initial Public Offering (IPO), with a fixed price issue of Rs 14.47 crores. The IPO consists of an entirely fresh issue of 23.34 lakh shares and is scheduled to open for subscription from December 27, 2023, to December 29, 2023. The allotment is expected to be finalized on January 1, 2024, with the listing date tentatively set for January 3, 2024, on BSE SME.
Key details of the MCPL IPO include a price of ₹62 per share, a minimum lot size for application of 2000 shares, and a minimum investment requirement of ₹124,000 for retail investors. The minimum lot size investment for High Net Worth Individuals (HNI) is 2 lots (4,000 shares), totaling ₹248,000.
Swaraj Shares and Securities Private Limited is the book-running lead manager for the MCPL IPO, and Purva Sharegistry India Pvt Ltd serves as the registrar for the issue. Shreni Shares is the market maker.
### MCPL IPO Overview:
– **Issue Dates:** December 27, 2023, to December 29, 2023
– **Listing Date:** January 3, 2024 (tentative)
– **Face Value:** ₹10 per share
– **Price:** ₹62 per share
– **Lot Size:** 2000 Shares
– **Total Issue Size:** 2,334,000 shares (₹14.47 Cr)
– **Issue Type:** Fixed Price Issue IPO
– **Listing At:** BSE SME
– **Share Holding Pre-Issue:** 99.55%
– **Share Holding Post-Issue:** 71.67%
### MCPL IPO Timeline (Tentative Schedule):
– **IPO Open Date:** December 27, 2023
– **IPO Close Date:** December 29, 2023
– **Basis of Allotment:** January 1, 2024
– **Initiation of Refunds:** January 2, 2024
– **Credit of Shares to Demat:** January 2, 2024
– **Listing Date:** 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 table below outlines the minimum and maximum investment amounts for retail investors and HNI in terms of shares and amounts.
**Application Lot Size:**
– Retail (Min): 1 Lot (2000 Shares, ₹124,000)
– Retail (Max): 1 Lot (2000 Shares, ₹124,000)
– HNI (Min): 2 Lots (4000 Shares, ₹248,000)
### MCPL IPO Promoter Holding:
The promoters of MCPL are 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). The shareholding pre-issue is 99.55%, and post-issue is 71.67%.
### About Manoj Ceramic Limited:
Incorporated in 1991, Manoj Ceramic Limited specializes in trading ceramic tiles and tile adhesives under the brand name “MCPL.” Their product portfolio includes ceramic tiles and tile adhesives. The company operates through a network of dealers and retail showrooms in Maharashtra, Goa, Tamil Nadu, and Karnataka. They have also expanded internationally, incorporating a subsidiary in London, UK, under the name MCPL Ceramic Limited.
### Financial Information:
As of September 30, 2023, MCPL’s revenue increased by 66.54%, and profit after tax (PAT) rose by 283.52% compared to the previous financial year ending March 31, 2022. The company’s financial indicators include a Price-to-Earnings ratio of 0.26, Return on Equity of 32%, Return on Capital Employed of 15%, Debt/Equity ratio of 3.86, Earnings Per Share of ₹241.62, and Return on Net Worth of 27.67%.
### MCPL IPO Objectives:
The proceeds from the IPO will be utilized for working capital expenses and general corporate purposes.
For more detailed information, investors are encouraged to refer to the MCPL IPO RHP (Red Herring Prospectus).
