MCON Rasayan India Limited IPO
MCON Rasayan India Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹40 per share. The stock debuted at ₹48, delivering a listing gain of 20.0%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,20,000.
MCON Rasayan India Limited IPO
- IPO Dates
- Mar 6, 2023 – Mar 10, 2023
- Price band
- ₹40 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- Fresh Issue of 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr)
- Lot size
- 3000
- Allotment Date
- Mar 15, 2023
- Listing
- Mar 20, 2023
- Listing At
- NSE SME
IPO timeline
-
Mar 6, 2023
Open Date
Completed
-
Mar 10, 2023
Close Date
Completed
-
Mar 15, 2023
Allotment Date
Completed
-
Mar 20, 2023
Listing Date
Completed
MCON Rasayan India Limited IPO Essentials
MCON Rasayan India Limited IPO Details
MCON Rasayan India Limited IPO is priced at ₹40 per share with a total issue size of Fresh Issue of 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr). The IPO has a lot size of 3000 shares and is listed on NSE SME.
- Issue price
- ₹40 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 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
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
GYR Capital Advisors Limited
MCON Rasayan India Limited IPO Analytics
MCON Rasayan India Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
MCON Rasayan India Limited IPO Subscription Status
MCON Rasayan India Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS (Post IPO)
- ₹2.96/-
Returns
- RoNW
- 20.06%
MCON Rasayan India Limited Financials( In Lakhs)
| 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 |
MCON Rasayan India Limited Company & Offer Insights
About MCON Rasayan India Limited
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 are the company's promoters of MCON Rasayan India Limited.
MCON Rasayan India Limited IPO Issue Objectives
- •
- Funding the working capital requirements of the company
- •
- General Corporate Purposes
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
MCON Rasayan India Limited IPO is a Fixed Priced IPO worth ₹Fresh Issue of 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr). The issue price is ₹40 per share (fixed price). The IPO opens on Mar 6, 2023 and closes on Mar 10, 2023. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The issue price of MCON Rasayan India Limited IPO is ₹40 per share (fixed price).
The lot size of MCON Rasayan India Limited IPO is 3000 shares.
The minimum investment for MCON Rasayan India Limited IPO is approximately ₹1,20,000 based on the issue price .
MCON Rasayan India Limited IPO opens on Mar 6, 2023 and closes on Mar 10, 2023.
The allotment date of MCON Rasayan India Limited IPO is Mar 15, 2023.
MCON Rasayan India Limited IPO is expected to be listed on Mar 20, 2023, on NSE SME Platform.
MCON Rasayan India Limited IPO valuation snapshot: P/E N/A, EPS ₹2.96/-, P/B N/A, RoNW 20.06%, and market cap N/A.
To apply for MCON Rasayan India Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of MCON Rasayan India Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for MCON Rasayan India Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check MCON Rasayan India Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the MCON Rasayan India Limited IPO allotment status on IPO Ji for quick and easy access.