MCPL IPO GMP: Manoj Ceramic Limited IPO GMP Price Today

Manoj Ceramic Limited (MCPL) is all set to launch its SME IPO at BSE SME, offering a total issue size worth Rs 14.47 Crores, consisting entirely of fresh equity shares. This eagerly awaited IPO is scheduled to open for subscription from December 27, 2023, to December 29, 2023. Each share in this IPO has a face value of Rs 10. To participate in MCPL’s SME IPO, investors are required to purchase at least one lot consisting of 2000 shares or in multiples thereof, at the fixed price of Rs 62 per share, as specified in the offer document.

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Understanding MCPL IPO GMP

Grey Market Premium (GMP) is a crucial indicator of the demand and market sentiment surrounding an IPO. It represents the price at which shares of an IPO are traded unofficially and outside regulated stock exchanges before their official listing. GMP offers insights into how investors expect an IPO to perform on its listing day.

Here’s a table depicting the MCPL IPO GMP for the past few days: [ Last Updated: 03 Jan, 2024; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
02-01-2024₹62.00₹69100₹68 (9.68%)
02-01-2024₹62.00₹69100₹68 (9.68%)
01-01-2024₹62.00₹0₹62 (0%)
31-12-2023₹62.00₹0₹62 (0%)
30-12-2023₹62.00₹0₹62 (0%)
29-12-2023₹62.00₹0₹62 (0%)
28-12-2023₹62.00₹0₹62 (0%)
27-12-2023₹62.00₹0₹62 (0%)
26-12-2023₹62.00₹0₹62 (0%)
25-12-2023₹62.00₹0₹62 (0%)

The MCPL IPO GMP indicates that, as of the latest available data, there is no premium or discount on the IPO price. However, it’s important to note that GMP can change rapidly and is subject to extreme volatility, making investment decisions based solely on GMP a risky endeavor. Therefore, investors should consider various factors before deciding whether to invest in the MCPL SME IPO.

Also See: Upcoming IPO in India

What is IPO Grey Market Premium (GMP)?

The IPO Grey Market Premium (GMP) serves as a gauge of investor sentiment and expectations regarding the price movement of an IPO once it is listed on the stock exchange. A positive GMP suggests that the IPO is likely to list at a premium, potentially offering immediate gains to investors who secure allotment. Conversely, a negative GMP may indicate that the IPO could list at a discount.

However, it is essential to exercise caution when interpreting GMP. The grey market operates unofficially and without regulation, so the accuracy and reliability of GMP can vary. Therefore, investors should not solely rely on GMP when making investment decisions.

Also Read: When Can a Company Go for IPO in India

About Manoj Ceramic Limited (MCPL)

MCPL, founded in 2006, is a company specializing in the production and distribution of ceramic tiles and tile adhesives under the brand “MCPL.” The company has built a strong presence through a network of dealers, retail showrooms, wholesale channels, and export markets. MCPL’s commitment to quality and innovation has made it a trendsetter in the industry.

MCPL’s business portfolio includes:

  1. Ceramic Tiles
  2. Tiles Adhesive

Strengths of MCPL SME IPO

  1. Quality and Focus on Customer Satisfaction: MCPL places a strong emphasis on product quality and customer satisfaction, which is a key driver of its success.
  2. Experienced Promoters and Management Expertise: The company is led by experienced promoters and a management team with a deep understanding of the industry.
  3. Satisfactory Track Record: MCPL has a track record of delivering on its promises and maintaining consistency in its operations.

Also Read: Indian IPO Boom Continues: Rs 60,000 Crore in Share Sales Lined Up for New Year

MCPL SME IPO Objectives

The IPO proceeds will be used for the following purposes:

  1. To meet working capital expenses.
  2. General corporate purposes.

MCPL SME IPO Important Dates

Here are the crucial dates related to MCPL’s SME IPO:

  • SME IPO Open Date: December 27, 2023
  • SME IPO Close Date: December 29, 2023
  • Basis of Allotment Finalization Date: January 01, 2024
  • Refunds Initiation Date: January 02, 2024
  • Credit of Shares to Demat Account Date: January 02, 2024
  • SME IPO Listing Date: January 03, 2024

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Conclusion

The Manoj Ceramic Limited (MCPL) SME IPO has generated considerable interest in the market. While the GMP can provide some insight into market sentiment, it’s essential for investors to conduct thorough research, analyze the company’s fundamentals, and consider their investment goals before making any investment decisions. The IPO landscape can be volatile, and wise investors should approach it with caution and a well-informed strategy.

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