MCON Rasayan IPO: GMP, Price, Issue size & Dates

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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. 

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. 
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MCON Rasayan IPO Tentative Date

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 

MCON Rasayan India Limited Financial Information (Restated) 

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
Websitehttp://www.mconrasayan.com/

MCON Rasayan IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mconrasayan.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

MCON Rasayan IPO Lead Manager(s)

  1. GYR Capital Advisors Limited (Past IPO Performance)

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