Manoj Ceramic Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Manoj Ceramic

CMP

121.00

-3.00 (-2.42%)

  • DRHP
₹62

Offer Price

₹ 14.47 Cr

Issue Size

₹ 1,24,000

Min Investment

2,000

Lot size

Time Line

  • 27
    Dec 2023
    Open
  • 29
    Dec 2023
    Close
  • 01
    Jan 2024
    Finalisation of Basis of Allotment
  • 02
    Jan 2024
    Initiation of Refunds
  • 02
    Jan 2024
    Transfer of Shares to Demat Account
  • 03
    Jan 2024
    Listing Date

Objects of the Offer

  • To expand its international footprint through establishing dealers and distributors relationships.

  • Further expand its client base and market share through enhanced sales and marketing.

  • Strengthening its supply chain ecosystem and building on its efficiency.

  • Grow its relationships with its existing customers.

  • Strengthening its business through effective branding, promotional and digital marketing activities.

Products & Services

  • Manoj Ceramic Limited has been actively engaged in the trading of Ceramic Tiles and Tiles Adhesive under its own brand "MCL".

Strengths

  • Quality and focus on customer satisfaction.

  • Experienced Promoters and Management Expertise.

  • Satisfactory track record.

Risks

  • The company depends on its third-party manufacturers for the company operations and unsatisfactory services provided by them or failure to maintain relationships with them could disrupt its operations. Further, the company may not be able to pass on any increase in costs levied by the third-party manufacturers to its customers.

  • The company is dependent on its top long standing 10 customers who contribute more than 91.26% of the company revenue from operations in each of the last 3 Financial Years. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.

  • The company`s business and profitability are substantially dependent on the availability and any disruption to the timely and adequate supply of the finished products, or volatility in the prices of the finished products may adversely impact its business, results of operations and financial condition. Further, dependence on third parties for the supply of the finished products with no firm commitments for supply or exclusive arrangements with any of the company suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.

  • The company requires certain approvals, licenses, registrations and permits for its business, and failure to obtain or renew them in a timely manner may adversely affect the company operations.

  • The company has experienced growth in recent years and may be unable to sustain its growth or manage it effectively.

Company Promoters

Promoters Holding

Issue For IPO
27.88%
Pre Holding

99.55%

Post Holding

71.67%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 35.57 (-) 43.14 (21.30%) 73.51 (70.40%)
Gross Profit 35.57 (-) 43.14 (21.30%) 73.51 (70.40%)
Net Income 35.57 (-) 43.14 (21.30%) 73.51 (70.40%)
Assets 35.57 (-) 43.14 (21.30%) 73.51 (70.40%)
Liabilities 35.57 (-) 43.14 (21.30%) 73.51 (70.40%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Asian Granito India Ltd 1,562.72 -72.69 1,921.69 1,921.69 -5.78 -6.10 100.78 -3.78 0.17
Murudeshwar Ceramics Ltd 172.41 6.60 540.99 540.99 1.86 1.13 61.36 1.22 0.15
Orient Bell Ltd 705.07 22.49 481.12 481.12 7.24 15.56 214.15 4.67 0.01

Book Running Managers

  • Swaraj Shares & Securities Pvt Ltd

Registrar & Transfer Agent

Purva Sharegistry (India) Pvt

Shiv Shakti Indust,
Unit No 9 Lower Pare,
7 B J R Boricha Marg - Mumbai-400011
Phone : 91-022-23016761

Company Contact Information

# 1 Krishna Kunj 140 Vallabh-,
Baugh Lane Ghatkopar (East),
Mumbai - 400077
Phone : +91-87795 37714 Email : compliance@mcplworld.com www.mcplworld.com

Offer Related Information

Initial public issue of 23,34,000 equity shares of face value of Rs. 10.00 each of Manoj Ceramic Limited (the "Company" or the "Issuer") for cash at a price of Rs. 62.00 per equity share including a share premium of Rs. 52.00 per equity share (the "Issue Price") aggregating to Rs. 14.47 crores ("The Issue"), of which 1,18,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 62.00 per equity share including a share premium of Rs. 52.00 per equity share aggregating to Rs.... More

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