MCON Rasayan IPO Review
MCON Rasayan IPO Overview
MCON Rasayan India Ltd, a 2016 incorporation, engages in the production, promotion, and retail of contemporary building materials and chemicals. More than 80 products are available from the company, including a variety of building supplies and liquid and powdered construction chemicals.
Ready mix plaster, tile adhesives, block adhesives, wall putty, micro concrete & polymer mortar, engineering non-shrink grouts, and floor hardeners are some of the company’s powder goods.
Poly-urethane (PU) based liquid membrane, bonding agents, paints, anti-corrosive coatings, concrete admixtures, and curing agents are examples of items in liquid form.
The brand name “MCON” is used to market the goods produced by MCON Rasayan India Ltd.
The business operates two production facilities in Gujarat’s Valsad and Navsari. With an installed capacity of 2,500 MTPA, the factory at GIDC Sarigam in Valsad, Gujarat primarily produces admixtures, wall putty, tile adhesives, paints, concrete repair solutions, and waterproofing systems. With an installed capacity of 12,500 MTPA, the factory in Navsari, Gujarat also produces ready-mix mortars, block adhesives, and tile adhesives.
MCON’s top ten selling products are as follows: 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 IPO Details
IPO Date | Mar 6, 2023 to Mar 10, 2023 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price | ₹40 per share |
Lot Size | 3000 Shares |
Issue Size | 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr) |
Fresh Issue | 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr) |
Market Maker portion | 90,000 shares |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
NII (HNI) Shares Offered | 50% of the Net Issue |
Retail Shares Offered | 50% of the Net Issue |
Company Promoters | Mahesh Ravji Bhanushali is the Promoter of the Company. |
MCON Rasayan IPO Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax |
31-Mar-20 | 776.02 | 896.95 | 3.61 |
31-Mar-21 | 831.81 | 899.78 | 18.68 |
31-Mar-22 | 1,446.31 | 1,922.36 | 44.40 |
30-Sep-22 | 1,777.53 | 1,304.67 | 85.64 |
Amount in ₹ Lakhs |
Period Ended | Net Worth | Reserves and Surplus | Total Borrowing |
31-Mar-20 | 110.72 | 9.72 | 321.61 |
31-Mar-21 | 178.40 | 28.40 | 346.58 |
31-Mar-22 | 221.29 | 71.29 | 740.85 |
30-Sep-22 | 456.93 | 269.43 | 642.63 |
Amount in ₹ Lakhs |
MCON Rasayan IPO Key Ratios
FY 2020 | FY 2021 | FY 2022 | |
EPS | 0.32 | 1.25 | 2.96 |
PE ratio | – | – | 13.51 |
RONW (%) | 3.27 | 10.47 | 20.06 |
NAV | – | – | 14.75 |
ROCE (%) | 7.90 | 12.12 | 9.93 |
EBITDA (%) | 7.30 | 10.18 | 6.66 |
Debt/Equity | 2.90 | 1.94 | 3.35 |
MCON Rasayan IPO GMP Trend
Date | IPO Premium GMP |
2 Mar 2023 | 25 |
1 Mar 2023 | 22 |
28 Feb 2023 | 20 |
27 Feb 2023 | 10 |
Listing Performance of MCON Rasayan IPO
Listed On : NSE SME
Issue Price : ₹40 per share
MCON Rasayan IPO ISIN Number Code
NSE : NA
ISIN CODE : INE0O4M01019
BSE : NA
MCON Rasayan IPO Allotment Status
MCON Rasayan IPO Important Dates
Opening Date | Mar 6, 2023 |
Closing Date | Mar 10, 2023 |
Basis of Allotment | Mar 15, 2023 |
Initiation of Refunds | Mar 16, 2023 |
Credit of Shares to Demat | Mar 17, 2023 |
Listing Date | Mar 20, 2023 |
MCON Rasayan IPO Contact Details
101/A, 1st floor, Maxheal House, Plot-169
CTS-104 Bangur Nagar, Goregaon West,
Near Ayyappa Temple, Mumbai- 400090
Phone: +91 86559 88698
Email: compliance@mconrasayan.com
Website: http://www.mconrasayan.com/
MCON Rasayan IPO Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mconrasayan.ipo@linkintime.co.in
Website: https://linkintime.co.in/
MCON Rasayan IPO FAQ's
The MCON Rasayan India Limited IPO is an IPO of ₹40 per share with a face value of 10 per equity share.
The issue size is priced at 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr).
The fresh issue size priced at 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr).
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.
The MCON Rasayan India Limited IPO begins on Mar 6, 2023 and closes on Mar 10, 2023.
MCON Rasayan India Limited IPO Market lot size is 3000 Shares.
The finalization of Basis of Allotment for MCON Rasayan India Limited IPO will be done on March 15, 2023 and the allotted shares will be credited to your demat account by March 17, 2023. Check the MCON Rasayan India Limited IPO status.
The MCON Rasayan India Limited IPO listing date is on Mar 20, 2023.
MCON Rasayan India Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.