Nisus Finance Services Co Limited IPO Detail
Last Updated on December 4, 2024 Nisus Finance Services Co Limited IPO Founded in 2013, Nisus Finance Services Co Limited offers financial services such as Transaction Advisory Services, Fund and
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’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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 8,491.23 | 7,787.64 | 5,866.52 | 6,074.55 |
Revenue | 4,374.54 | 7,493.48 | 4,499.62 | 3,730.84 |
Profit After Tax | 301.75 | 362.43 | 94.50 | 8.24 |
Net Worth | 1,610.05 | 1,310.05 | 947.62 | 853.11 |
Reserves and Surplus | 760.05 | 910.05 | 547.62 | 453.11 |
Total Borrowing | 5,862.72 | 5,054.97 | 3,495.83 | 3,926.16 |
Amount in ₹ Lakhs |
The company intends to utilize the issue proceeds to meet the following objects:
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 |
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