MCON Rasayan IPO Review

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

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

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.

MCON Rasayan IPO Comments