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. Polyurethane (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.
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 Tentative Timetable
| Event | Tentative Date |
| 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 |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 776.02 | 896.95 | 3.61 | 110.72 | 9.72 | 321.61 |
| 31-Mar-21 | 831.81 | 899.78 | 18.68 | 178.40 | 28.40 | 346.58 |
| 31-Mar-22 | 1,446.31 | 1,922.36 | 44.40 | 221.29 | 71.29 | 740.85 |
| 30-Jun-22 | 1,550.95 | 654.28 | 23.47 | 244.76 | 94.76 | 752.33 |
| Amount in ₹ Lakhs |
Objects of the issue
The following goals are where the company wants to put the money:
financing the business’s need for working cash and general corporate purposes
MCON Rasayan IPO Prospectus
Company Contact Information
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: compliance@mconrasayan.com
Website: http://www.mconrasayan.com/
MCON Rasayan IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mconrasayan.ipo@linkintime.co.in
Website: https://linkintime.co.in/
MCON Rasayan IPO Lead Manager(s)
- GYR Capital Advisors Limited (Past IPO Performance)
