MCON Rasayan India Limited IPO
NSE SMEListed On: Mar 20, 2023 at ₹ 48.0
₹ 240000 /6000 Shares
*Min Investment
06 Mar, 2023
Open Date10 Mar, 2023
Close Date15 Mar, 2023
Allotment Date20 Mar, 2023
Listing DateMCON Rasayan India Limited IPO Issue Details
- Issue Price ₹40 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Fresh Issue of 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr)
- Listing at NSE SME
- List Price 48.0
- Listing Date 2023-03-20
- Lead Manager GYR Capital Advisors Limited
- Registrar Link Intime India Private Ltd
MCON Rasayan India Limited IPO Details
- Retail Portion N/A
MCON Rasayan India Limited IPO Details
MCON Rasayan India Limited IPO is an SME IPO, priced at ₹40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Mar 6, 2023 to Mar 10, 2023. The allotment is expected to be finalized on Mar 15, 2023, and the tentative listing date is Mar 20, 2023.
The registrar of the IPO is Link Intime India Private Ltd, and
MCON Rasayan India Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 810,000 | 810,000 | 1,620,000 |
Day 1 06-03-23 06:00 PM | 16.23 x | 32.71 x | 24.47 x |
Day 2 08-03-23 06:00 PM | 33.03 x | 115.87 x | 74.45 x |
Day 3 09-03-23 06:00 PM | 73.88 x | 237.37 x | 155.62 x |
Day 4 10-03-23 06:00 PM | 315.86 x | 453.41 x | 384.64 x |
MCON Rasayan India Limited Valuations
MCON Rasayan India Limited Company Financials
| 30-Jun-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 1,550.95 | 1,446.31 | 831.81 | 776.02 |
| Revenue | 654.28 | 1,922.36 | 899.78 | 896.95 |
| Profit After Tax | 23.47 | 44.40 | 18.68 | 3.61 |
About MCON Rasayan India Limited Company
Incorporated in 2016, MCON Rasayan India Limited is in the business of manufacturing, marketing, and selling of modern building materials and construction chemicals. The company has a suite of more than 80 products including a range of construction materials and construction chemicals in both powder and liquid forms.
Powder products of the company are Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts and Floor hardeners.
Liquid Form products include:Poly-urethane (PU) based liquid membrane, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures and Curing compounds.
The products of MCON Rasayan India Limited are marketed under the brand label MCON.
The company has two manufacturing plants in Valsad and Navsari, Gujarat. The plant at GIDC Sarigam, Valsad, Gujarat mainly engages in the manufacturing of admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems and has an installed capacity of 2,500 MTPA. And the plant in Navsari, Gujarat manufactures readymix mortars, block adhesives, and tile adhesives and has an installed capacity of 12,500 MTPA.
The top 10 products of MCON are as under MCON Magic Coat WP, MCON Magic Coat PU White, MCON Mortar/NSA Grey, MCON Micro Mortar, MCON Polymer Mortar EP, MCON Block Fix /Block Mortar, MCON Readyplaster, MCON Ultra Gyp Bond, MCON Wall Putty, and MCON Hard/Top Floor Metallic.
MCON Rasayan India Limited - Promoter(s)
Mahesh Ravji Bhanushali
Pre Issue Share Holding : 91.45%
Post Issue Share Holding : %
MCON Rasayan India Limited IPO - Issue Objectives
Funding the working capital requirements of the company
General Corporate Purposes
MCON Rasayan India Limited IPO - FAQs
Ans. MCON Rasayan India Limited IPO is a SME IPO. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Mar 6, 2023, and closes on Mar 10, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The MCON Rasayan India Limited IPO opens on Mar 6, 2023 and closes on Mar 10, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of MCON Rasayan India Limited IPO is Fresh Issue of 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr).
Ans. The MCON Rasayan India Limited IPO price band is set between ₹40 per equity share.
Ans. To apply for MCON Rasayan India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find MCON Rasayan India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of MCON Rasayan India Limited IPO is Mar 15, 2023.
Ans. The MCON Rasayan India Limited IPO will be listed on Mar 20, 2023.
Ans. Follow the steps to check the MCON Rasayan India Limited IPO allotment status online.
