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MCON Rasayan India Ltd

MCON Rasayan India Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹40
₹40
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹40
Based on GMP
Min. Investment
₹120,000
1 lot × 3000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
06 Mar 2023
Close Date
10 Mar 2023
Allotment
15 Mar 2023
Listing Date
20 Mar 2023
Exchange
NSE SME
Price Band
₹40
Listing Price
See chart
Allotment Status
Price Band
₹40
Per share
Face Value
₹10 per share
 
Lot Size
3,000 Shares
per lot
Issue Size
17,10,000 shares (aggregating up to ₹6.84 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹120,000
1 lot
Pre-IPO Holding
45,93,750 shares
Promoters
Post-IPO Holding
63,03,750 shares
Promoters
P/E (Pre)
14.71x
 
UPI Deadline
2023-03-10
Mandate
Anchor AllotmentSun, 05 Mar 2023
Basis of AllotmentWed, 15 Mar 2023
Refund InitiationThu, 16 Mar 2023
Demat CreditFri, 17 Mar 2023
Listing DayMon, 20 Mar 2023
UPI Mandate Deadline2023-03-10
Sale TypeFresh Capital
Net Offer to Public16,20,000 shares (aggregating up to ₹6.48 Cr)
Market Maker Quota90,000 shares (aggregating up to ₹0.3600 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
MCON Rasayan India Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 10 Mar 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
90,000
₹0.36
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
1,710,000
100% ₹6.84
IPO Shares Offered
MCON Rasayan India Ltd IPO total issue size: ₹6.84 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 90,000 ₹0.36
5.26%
Total 1,710,000 ₹6.84
100.00%
* Based on upper price band ₹40 per share
Lot Size & Investment
Lot Size
3,000
Shares per Lot
Issue Price
₹40.00
Upper Band
Min Investment
₹120,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)26,000₹240,000
Retail (Max — 13 Lots)1339,000₹1,560,000
S-HNI (Min — 14 Lots)1442,000₹1,680,000
B-HNI (Min — 68 Lots)68204,000₹8,160,000
* Issue Price ₹40 × Lot Size 3,000 shares
IPO Schedule
Anchor
05 Mar 2023
✓ Done
IPO Open
06 Mar 2023
✓ Done
IPO Close
10 Mar 2023
✓ Done
Allotment
15 Mar 2023
✓ Done
Refunds
16 Mar 2023
✓ Done
Demat Credit
17 Mar 2023
✓ Done
Listing Day
20 Mar 2023
✓ Done
MCON Rasayan India Ltd — Live Price LIVE
₹40.00
INR · NSE
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Issue ₹40.00 Live Price
About MCON Rasayan India Ltd
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.
Objects of the Issue
1
Funding the working capital requirements of the company
2
General Corporate Purposes
MCON Rasayan India Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹899.8
31-Mar-21
₹1,922.4
31-Mar-22
₹1,304.7
30-Sep-22
Profit After Tax (PAT)
₹18.7
31-Mar-21
₹44.4
31-Mar-22
₹85.6
30-Sep-22
Particulars30-Sep-2231-Mar-2231-Mar-21
Revenue from Operations 1304.67 1922.36 899.78
EBITDA N/A N/A N/A
Profit After Tax (PAT) 85.64 44.40 18.68
Net Worth 456.93 221.29 178.40
Total Assets 1777.53 1446.31 831.81
Reserves & Surplus 269.43 71.29 28.40
Borrowings 642.63 740.85 346.58
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered17,10,000 (100.00%)
Net Offer to Public16,20,000 shares (aggregating up to ₹6.48 Cr)
Reserved for Market Maker90,000 shares (aggregating up to ₹0.3600 Cr)
Pre-Issue Promoter Holding45,93,750 shares
Post-Issue Promoter Holding63,03,750 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much MCON Rasayan India Ltd IPO subscribed?

MCON Rasayan India Ltd IPO is subscribed 1.00 times by Mar 10, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is MCON Rasayan India Ltd IPO retail subscription status?

The MCON Rasayan India Ltd IPO retail category is subscribed 1.00 times as of 10 Mar 2023. The retail portion is oversubscribed.

How to subscribe MCON Rasayan India Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 06 Mar 2023 and closes 10 Mar 2023. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2023-03-10.

How many times MCON Rasayan India Ltd IPO subscribed?

The MCON Rasayan India Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check MCON Rasayan India Ltd IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 15 Mar 2023. Refunds: on 16 Mar 2023.

When MCON Rasayan India Ltd IPO will be listed?

The MCON Rasayan India Ltd IPO listing date is 20 Mar 2023, Monday. Listed on: NSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When MCON Rasayan India Ltd IPO close?

The MCON Rasayan India Ltd IPO closes on 10 Mar 2023, Friday. UPI mandate: 2023-03-10. Allotment: 15 Mar 2023. Listing: 20 Mar 2023.