Manoj Ceramic Ltd Share Price – BSE

Ceramic Products, Small Cap

The scrip was listed at Rs 82, a premium of 32.26% compared with the initial public offer (IPO) price. The stock was currently frozen in a lower limit of 5% over its listing price.

The counter hit a high of Rs 84 and a low of Rs 77.90. About 6.72 lakh shares of the company changed hands at the counter.

Manoj Ceramic's IPO was subscribed 8.59 times. The issue opened for bidding on 27 December 2023 and it closed on 29 December 2023. The price band of the IPO was fixed at Rs 62 per share.

The IPO comprised fresh issue of 23,34,000 shares. The promoter and promoters shareholding diluted to 71.67% from 99.55% pre-IPO.

The company intends to utilize the net proceeds of issue to meet working capital requirements and general corporate purposes.

Manoj Ceramic engaged in the business of trading of ceramic tiles and tiles adhesive under their own brand, MCPL through dealer network, Retail showroom, wholesale as BTB and export. The company specialize in two products, ceramic tiles and tile adhesive. The company has a total 115 employees.

The company recorded revenue from operations of Rs 43.15 crore and net profit of Rs 3.01 crore for the period as on 30 September 2023.

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The Equity shares of Manoj Ceramic are listed on ''MT'' Group Securities effective from 03 January 2023.

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