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.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet the working capital expenses | — |
| General Corporate Purpose | — |
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 8,491 | 7,788 | 5,867 |
| Revenue | 4,375 | 7,493 | 4,500 |
| PAT | 302 | 362 | 95 |
| Net Worth | 1,610 | 1,310 | 948 |
| Reserves | 760 | 910 | 548 |
| Total Borrowing | 5,863 | 5,055 | 3,496 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,108,000 (47%) | — |
| Retail (RII) | — | 1,108,000 (47%) | — |
| Market Maker | — | 118,000 (5%) | — |
| Total | — | 2,334,000 (100%) | — |
* Amount calculated at upper price band (₹62) · ** Total includes all investor categories
- 1 Initiation of Refund 02 Jan 2024
- 2 Credit of Shares to Demat 02 Jan 2024
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 9x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹242.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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