Manoj Ceramic Limited IPO

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

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 Timeline (Tentative Schedule)

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

IPO Open DateWednesday, December 27, 2023
IPO Close DateFriday, December 29, 2023
Basis of AllotmentMonday, January 1, 2024
Initiation of RefundsTuesday, January 2, 2024
Credit of Shares to DematTuesday, January 2, 2024
Listing DateWednesday, January 3, 2024
Cut-off time for UPI mandate confirmation5 PM on December 29, 2023

SHARIAH SCREENING for - Manoj Ceramic Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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