MCON Rasayan IPO GMP, Date, Price, Review, Allotment 2023 – IPO Watch
Written by Lucky Wilson | KGTO Writer on February 27, 2023
MCON Rasayan IPO Details: MCON Rasayan IPO date is fixed, The IPO will open on March 6 and will close on March 9, 2023. MCON Rasayan is an NSE SME IPO to raise ₹8.00 crores via IPO. The MCON Rasayan IPO price band is fixed at ₹40 with a market lot of 3000 shares.
MCON Rasayan India Limited is a leading manufacturer and supplier of high-quality Construction Chemicals & Building Finishing Products in India and the Overseas Market. The company is certified as an ISO 9001: 2015, ISO 14001:2015 & ISO 45001:2018 Company. They have more than 80 products including construction materials and construction chemicals in both powder and liquid forms.
The Powder product range includes Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts, and Floor hardeners. The Liquid product range includes Poly-urethane (PU) based liquid membranes, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures, and Curing compounds. MCON Rasayan has a good network of more than 400 dealers. MCON has diversified its product range with a focus on clients’ needs in the Paint industry with premium quality Wall Putty and External Texture Paint. Some of their regular customers are Lodha, L&T, Satellite, Omkar, Acme, Indiabulls, Seth, etc.
Objects of the Issue:
- Funding the working capital requirements of the company.
- General Corporate Purposes.
MCON Rasayan IPO Review
| Date | GMP | Kostak | Subject to |
| 27 February | ₹25 | ₹- | ₹55000 |
MCON Rasayan IPO Date & Price Band Details
| IPO Open: | March 6, 2023 |
| IPO Close: | March 9, 2023 |
| IPO Size: | Approx ₹8.00 Crores, 2,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
MCON Rasayan IPO Market Lot
The MCON Rasayan IPO minimum market lot is 3000 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
MCON Rasayan IPO Dates
The MCON Rasayan IPO date is March 6 and the IPO close date is March 9. The IPO allotment date is March 14 and the IPO might list on March 17.
| IPO Open Date: | March 6, 2023 |
| IPO Close Date: | March 9, 2023 |
| Basis of Allotment: | March 14, 2023 |
| Refunds: | March 15, 2023 |
| Credit to Demat Account: | March 16, 2023 |
| IPO Listing Date: | March 17, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
MCON Rasayan IPO Form
How to apply MCON Rasayan IPO? You can apply MCON Rasayan IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the MCON Rasayan IPO in the Invest section. The other option you can apply MCON Rasayan IPO via IPO forms download via the NSE website. Check out the MCON Rasayan forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
MCON Rasayan Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹8.97 | ₹8.92 | ₹0.04 |
| 2021 | ₹9.00 | ₹8.75 | ₹0.19 |
| 2022 | ₹19.22 | ₹18.63 | ₹0.44 |
| 2023 3M | ₹6.54 | ₹6.2 | ₹0.23 |
MCON Rasayan IPO Valuation – FY2022
Check MCON Rasayan IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.96 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 20.06% |
| Net Asset Value (NAV): | ₹14.75 per Equity Share |
Peer Group
- Asian Paints Limited
- Pidilite Industries Limited
- Kansai Nerolac Paints Limited
MCON Rasayan IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
MCON Rasayan IPO Allotment Status
Check MCON Rasayan IPO allotment status on Linkintime website URL. Click Here
MCON Rasayan IPO Lead Managers
- GYR Capital Advisors Limited
Company Address
MCON Rasayan India Limited
101/A, 1st floor, Maxheal House, Plot-169
CTS-104 Bangur Nagar, Goregaon West,
Near Ayyappa Temple, Mumbai- 400090
Phone: +91 86559 88698
Email: [email protected]
Website: http://www.mconrasayan.com/
MCON Rasayan IPO FAQs
What is MCON Rasayan IPO?
MCON Rasayan IPO is an NSE SME IPO. They are going to raise ₹8.00 Crores via IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on NSE.
When MCON Rasayan IPO will open?
The IPO is to open on March 6, 2023 for NII, and Retail Investors.
What is MCON Rasayan IPO Investors Portion?
The investors’ portion for NII is 50%, and Retail is 50%.
How to Apply the MCON Rasayan IPO?
You can apply MCON Rasayan IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the MCON Rasayan IPO through Zerodha?
How to Apply the MCON Rasayan IPO through Upstox?
How to Apply the MCON Rasayan IPO through Paytm Money?
What is MCON Rasayan IPO Size?
MCON Rasayan IPO size is ₹8.00 crores.
What is MCON Rasayan IPO Price Band?
MCON Rasayan IPO Price Band is ₹40 per equity share.
What is MCON Rasayan IPO Minimum and Maximum Lot Size?
The IPO bid is 3000 shares with ₹120,000.
What is MCON Rasayan IPO Allotment Date?
MCON Rasayan IPO allotment date is March 14, 2023.
What is MCON Rasayan IPO Listing Date?
MCON Rasayan IPO listing date is March 17, 2023. The IPO to list on NSE SME.
Note: The MCON Rasayan IPO details are announced officially. The IPO grey market premium (MCON Rasayan IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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