Last updated on June 29, 2023
MCON Rasayan IPO description – MCON Rasayan is in the business of manufacturing, marketing and selling of building materials and construction chemicals and has a suite of over 80 products in both powder and liquid forms.
Its powder products such as ready mix plaster, tile adhesives, block adhesives, wall putty, micro concrete & polymer mortar, engineering non shrink grouts and floor hardeners are widely used in the building construction segment. Its liquid portfolio includes products such as poly-urethane (PU) based liquid membrane, bonding agents, paints, anti-corrosive coatings, concrete admixtures and curing compounds.
The company’s products are marketed and sold under the ‘MCON’ brand. It has two manufacturing plants in Valsad and Navsari, Gujarat. Its plant at GIDC Sarigam, Valsad, Gujarat mainly manufactures admixtures, wall putty, tile adhesives, paints, concrete repair systems and waterproofing systems and has an installed capacity of 2,500 MTPA. Its other plant at Chikli, Navsari, Gujarat mainly manufactures readymix mortars, block adhesives and tile adhesives and has an installed capacity of 12,500 MTPA.
Its third plant is a greenfield project under-construction at Ambethi, Valsad and is expected to be operational by the end of FY 2023. Its total installed manufacturing capacity will be 36,000 MTPA for powder products and 6,000 MTPA for liquid products by the end of FY 2023.
Promoters of MCON Rasayan – Mahesh Ravji Bhanushali
MCON Rasayan IPO Details
| MCON Rasayan IPO Dates | 6 – 10 March 2023 |
| MCON Rasayan IPO Price | INR 40 per share |
| Fresh issue | 17,10,000 shares (INR 6.84 crore) |
| Offer For Sale | Nil |
| Total IPO size | 17,10,000 shares (INR 6.84 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,20,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
MCON Rasayan Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 |
| Revenue | 896.62 | 897.77 | 1,921.65 | 1,304.39 |
| Expenses | 891.74 | 874.50 | 1,862.53 | 1,188.98 |
| Net income | 3.61 | 18.68 | 44.40 | 85.64 |
MCON Rasayan Offer News
- MCON Rasayan RHP
- MCON Rasayan Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
MCON Rasayan Valuations & Margins
| 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 Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 18 Mar 2023 | 12 | – | 25,000 |
| 17 Mar 2023 | 13 | – | 28,000 |
| 16 Mar 2023 | 15 | – | 30,000 |
| 15 Mar 2023 | 20 | – | 45,000 |
| 14 Mar 2023 | 22 | – | 50,000 |
| 13 Mar 2023 | 22 | – | 50,000 |
| 11 Mar 2023 | 25 | – | 52,000 |
| 10 Mar 2023 | 22 | – | 48,000 |
| 9 Mar 2023 | 25 | – | 50,000 |
| 8 Mar 2023 | 25 | – | 50,000 |
| 6 Mar 2023 | 27 | – | 50,000 |
| 4 Mar 2023 | 22 | – | 42,000 |
| 3 Mar 2023 | 20 | – | 40,000 |
| 2 Mar 2023 | 25 | – | 45,000 |
| 1 Mar 2023 | 22 | – | 42,000 |
| 28 Feb 2023 | 20 | – | 40,000 |
| 27 Feb 2023 | 10 | – | 35,000 |
MCON Rasayan IPO Subscription – Live Updates
| Category | NII | Retail | Total |
| Shares Offered | 1,000,000 | 1,000,000 | 2,000,000 |
| 10 Mar 2023 | 255.85 | 367.26 | 311.55 |
| 9 Mar 2023 | 59.84 | 192.67 | 126.26 |
| 8 Mar 2023 | 26.76 | 93.86 | 60.31 |
| 6 Mar 2023 | 13.15 | 26.49 | 19.82 |
MCON Rasayan Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone :+91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
MCON Rasayan Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website:Â www.linkintime.co.in
MCON Rasayan Contact Details
MCON RASAYAN INDIA LIMITED
101/A, 1st floor, Maxheal House,
Plot-169, CTS-104 Bangur Nagar,
Goregaon West, Near Ayyappa Temple,
Mumbai- 400090, Maharashtra, India
Phone:+91 8655988698
E-mail: [email protected]
Website: www.mconrasayan.com
MCON Rasayan IPO Allotment Status
MCON Rasayan IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
MCON Rasayan IPO Dates & Listing Performance
| MCON Rasayan Offer Opening Date | 6 March 2023 |
| MCON Rasayan IPO Closing Date | 10 March 2023 |
| Finalisation of Basis of Allotment | 14 March 2023 |
| Initiation of refunds | 15 March 2023 |
| Transfer of shares to demat accounts | 16 March 2023 |
| MCON Rasayan IPO Listing Date | 20 March 2023 |
| Opening Price on NSE SME | INR 48 per share (up 20%) |
| Closing Price on NSE SME | INR 50.40 per share (up 26%) |
MCON Rasayan IPO FAQs
What is MCON Rasayan offer size?
MCON Rasayan offer size is INR 8 crore.
What is MCON Rasayan IPO Price Band?
MCON Rasayan public offer price is INR 40 per share.
What is the lot size of MCON IPO?
MCON Rasayan offer lot size is 3,000 shares.
What is MCON IPO GMP today?
MCON Rasayan IPO GMP today is INR 12 per share.
What is MCON kostak rate today?
MCON Rasayan kostak rate today is NA per application.
What is MCON Subject to Sauda rate today?
MCON Rasayan Subject to Sauda rate today is INR 25,000 per application.
