
Emerging SME Services · BSE
Manoj Ceramic Limited, incorporated in 1991, trades ceramic tiles and tile adhesives under the brand “MCPL”. The company does not manufacture products itself but sources tiles and adhesives from third-party manufacturers. It sells ceramic tiles in various shapes, colors, and sizes through dealer networks, retail showrooms, exports, and B2B sales to architects, builders, and contractors, mainly across Maharashtra, Goa, Tamil Nadu, and Karnataka. It also supplies tile adhesives through distributors and direct B2B channels in Maharashtra. The company operates retail showrooms in Mumbai (Ghatkopar and Andheri) and Bangalore, and has expanded internationally by setting up a subsidiary in London, UK, named MCPL Ceramic Limited.
Price Band
₹62
Issue Size
₹14.47 Cr
Lot Size
2000 shares
GMP
+9.7%
Est. Listing
₹68
at current GMP
Subscribed
9.05x
overall
Open
27 Dec 2023
Close
29 Dec 2023
Allotment
2 Jan 2024
Refund
3 Jan 2024
Demat Credit
4 Jan 2024
Listing
3 Jan 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹62
Band: ₹62
Estimated Listing Price
₹68
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,24,000
Estimated Profit / Lot
₹12,000
2000 × ₹6
Grey Market Premium trend
+₹6
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹6 | 9.7% | ₹68 |
| 30 Oct 2026 | +₹6 | 9.7% | ₹68 |
| 29 Oct 2026 | +₹5 | 8.7% | ₹67 |
GMP is unofficial market data. Not a guarantee of listing performance.
Manoj Ceramic Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.47 Crores. The shares are offered at a price band of ₹62 to ₹62 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-12-29, the basis of allotment is scheduled to be finalized on 2024-01-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Manoj Ceramic Limited IPO is ₹6, which indicates an expected listing price of ₹68.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.