MCON Rasayan IPO GMP, Review, Price, Allotment

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Last updated on June 29, 2023

MCON Rasayan IPO GMP 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.

MCON Rasayan 2023

Promoters of MCON Rasayan – Mahesh Ravji Bhanushali


MCON Rasayan IPO Details

MCON Rasayan IPO Dates6 – 10 March 2023
MCON Rasayan IPO PriceINR 40 per share
Fresh issue17,10,000 shares (INR 6.84 crore)
Offer For SaleNil
Total IPO size17,10,000 shares (INR 6.84 crore)
Minimum bid (lot size)3,000 shares (INR 1,20,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE EMERGE

MCON Rasayan Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Revenue896.62897.771,921.651,304.39
Expenses891.74874.501,862.531,188.98
Net income3.6118.6844.4085.64
Figures in INR Lakhs unless specified otherwise

MCON Rasayan Offer News


MCON Rasayan Valuations & Margins

FY 2020FY 2021FY 2022
EPS0.321.252.96
PE ratio13.51
RONW (%)3.2710.4720.06
NAV14.75
ROCE (%)7.9012.129.93
EBITDA (%)7.3010.186.66
Debt/Equity2.901.943.35
*Compiled by IPO Central from Draft Prospectus

MCON Rasayan IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
18 Mar 20231225,000
17 Mar 20231328,000
16 Mar 20231530,000
15 Mar 20232045,000
14 Mar 20232250,000
13 Mar 20232250,000
11 Mar 20232552,000
10 Mar 20232248,000
9 Mar 20232550,000
8 Mar 20232550,000
6 Mar 20232750,000
4 Mar 20232242,000
3 Mar 20232040,000
2 Mar 20232545,000
1 Mar 20232242,000
28 Feb 20232040,000
27 Feb 20231035,000

MCON Rasayan IPO Subscription – Live Updates

CategoryNIIRetailTotal
Shares Offered1,000,0001,000,0002,000,000
10 Mar 2023255.85367.26311.55
9 Mar 202359.84192.67126.26
8 Mar 202326.7693.8660.31
6 Mar 202313.1526.4919.82

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: 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 Date6 March 2023
MCON Rasayan IPO Closing Date10 March 2023
Finalisation of Basis of Allotment14 March 2023
Initiation of refunds15 March 2023
Transfer of shares to demat accounts16 March 2023
MCON Rasayan IPO Listing Date20 March 2023
Opening Price on NSE SMEINR 48 per share (up 20%)
Closing Price on NSE SMEINR 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.

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