Manoj Ceramic was incorporated on December 12, 2006. The company is engaged in the business of trading ceramic tiles and tile adhesive under their own brand MCPL through a dealer network, retail showroom, wholesale as B2B, and export.
| Bidding Dates |
|---|
| 27 Dec 2023 - 29 Dec 2023 |
| Subscription |
|---|
| 8.6x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 2.3 M | ₹62 | 71.67 % | ₹144.7 M | RHP DOC |
Manoj Ceramic IPO SUBSCRIPTION STATUS
29 Dec '23Manoj Ceramic IPO overall subscription rate was 8.6 times the total available shares
Manoj Ceramic IPO retail subscription rate was 10.18 times in the retail segment
Manoj Ceramic IPO non-institutional investor subscription rate was 7.01 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Dec 2023 (Day 3) | 10.18x | 7.01x | - |
28 Dec 2023 (Day 2) | 3.16x | 1.77x | - |
27 Dec 2023 (Day 1) | 0.75x | 0.66x | - |
Manoj Ceramic FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY24 | 30.2 | 431.5 | -45.0 | -45.2 |
| FY23 | 36.2 | 735.1 | -118.8 | -119.9 |
| FY22 | 9.5 | 431.4 | 67.0 | 70.4 |
| FY21 | 0.8 | 355.7 | 6.1 | 9.8 |
Manoj Ceramic IPO SUBSCRIPTION STATUS DETAILS
Manoj Ceramic had 2.3 M shares on offer
Manoj Ceramic IPO offer price was ₹62
Manoj Ceramic IPO minimum Investment was ₹124000
Manoj Ceramic IPO issue size was ₹ 144.7 M
Manoj Ceramic had a minimum lot size of 2000 Shares per application
Manoj Ceramic NUMBER OF SHARES ON OFFER
Manoj Ceramic IPO IMPORTANT DATES
| Issue Open Date | 27 Dec 2023 |
| Issue close Date | 29 Dec 2023 |
| Allotment Date | 01 Jan 2024 |
| Refund Date | 02 Jan 2024 |
| Demat Account Credit Date | 02 Jan 2024 |
| Listing Date | 03 Jan 2024 |
| Listing on Exchange(s) | BSE |
| Manoj Ceramic Allotment Status | Exchange |
Manoj Ceramic IPO subscription opened on 27 Dec 2023, and closed on 29 Dec 2023
IPO allotment for Manoj Ceramic was finalized on Monday, 01 Jan 2024
IPO listing for Manoj Ceramic was on BSE on Wednesday, 03 Jan 2024
Manoj Ceramic IPO LISTING GAINS
| Issue Price (adjusted) | 62.0 |
| Listing Open Price | 82.0 |
| Listing Close Price | 77.9 |
| Listing Gain% | 32.3% |
| Current Gain% | 59.7% |
Manoj Ceramic Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manoj Ceramic Ltd. | 99 | 82.5 | 12.3 | -0.3 | 0.4 | 8.7 | 4.9 | 203 | 23.4 | 12 | 10.1 | 8.1 | -38.5 |
| Kajaria Ceramics Ltd. | 1167.3 | 18594.3 | 34.1 | 0.5 | 3.7 | 15.8 | 12 | 4883.2 | 4.4 | 485.4 | 64.9 | 34.3 | 74.1 |
| Nitco Ltd. | 99.3 | 2507.6 | 86.8 | 0.8 | 4.6 | 7.9 | 2.6 | 553.9 | 69 | 28.9 | 103.9 | 1.1 | 103.9 |
| Somany Ceramics Ltd. | 495.8 | 2033.4 | 25 | 0.7 | 0.7 | 9.6 | 4 | 2801.2 | 5 | 81.2 | 35.2 | 19.8 | 35.2 |
| Asian Granito India Ltd. | 55.1 | 1633.9 | 136.8 | -2.4 | 0.9 | 1.4 | 0.8 | 1874.9 | 19.6 | 20.9 | -24.2 | 0.4 | -56.6 |
| Orient Bell Ltd. | 314 | 460 | 37 | 0.1 | 0.7 | 3.8 | 2.4 | 694.4 | 3.3 | 12.4 | 337.2 | 8.5 | 340.9 |
Manoj Ceramic INFORMATION ON IPO ISSUE
About Manoj Ceramic
Manoj Ceramic was incorporated on December 12, 2006. The company is engaged in the business of trading ceramic tiles and tile adhesive under their own brand MCPL through a dealer network, retail showroom, wholesale as B2B, and export.
Object of the Issue
- To meet working capital expenses
- General corporate purpose
- To meet issue expenses
Manoj Ceramic - PROMOTERS
| Name |
|---|
| Manoj Dharamshi Rakhasiya |
| Anjana Manoj Rakhasiya |
| Dhruv Manoj Rakhasiya |
| Akash Manoj Rakhasiya |
| Manasvi Dhruv Rakhasiya |
| Manoj D Rakhasiya HUF |
Manoj Ceramic Lead Manager of the Issue
Swaraj Shares and Securities Private Limited
compliance@swarajshares.com
Manoj Ceramic Registrar to the issue
Purva Sharegistry (India) Private Limited
newissue@purvashare.com
Manoj Ceramic Strengths
Long-standing relationships
The company has a history of customer retention. In FY23, it derived approximately 91.3% of its restated revenues from operations from repeat customers
Track record of financial performance
The company has a track record of financial performance and consistent growth. Total revenue increased by 63.41% year-on-year for FY23, while the profit increased almost 5x
Manoj Ceramic Risks
Dependent on few customers
The company is dependent on its top long-standing 10 customers, who contribute more than 91.3% of the revenue from operations in each of the last three financial years. Loss of any of these customers could adversely affect the business
Significant indebtedness
The company has incurred significant indebtedness, and an inability to comply with repayment and other covenants in the financing agreements could adversely affect the business and financial condition
IPO FAQs
The promoters of the company are Manoj Dharamshi Rakhasiya, Anjana Manoj Rakhasiya, Dhruv Manoj Rakhasiya, Akash Manoj Rakhasiya, Manasvi Dhruv Rakhasiya and Manoj D Rakhasiya HUF.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 62.0 - 62.0.
The IPO application opens on Dec 27, 2023 and closes on Dec 29, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 124,000.0.
This IPO will be allotted on Jan 01, 2024.
The refund will be credited to your account on Jan 02, 2024.
The allotted shares will be credited to your demat on Jan 02, 2024.
Manoj Ceramic Ltd.’s shares listed on the stock exchanges on Jan 03, 2024.