MCON Rasayan India Limited is in the business of manufacturing, marketing and selling of modern building materials and construction chemicals with a suite of more than 80 products which includes a range of construction materials and construction chemicals in both powder and liquid forms.
Powder products of the company such as:
- Ready mix plaster
- Tile adhesives
- Block adhesives
- Wall putty
- Micro concrete & polymer mortar
- Engineering non-shrink grouts
- Floor hardeners
Liquid portfolio having products such as:
- Poly-urethane (PU) based liquid membrane
- Bonding agents
- Paints
- Anti-corrosive coatings
- Concrete admixtures
- Curing compounds
The company has two manufacturing plants in Valsad and Navsari, Gujarat. The 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. And the plant at Chikli, Navsari, Gujarat mainly manufactures readymix mortars, block adhesives and tile adhesives and has an installed capacity of 12,500 MTPA.
The company has obtained certifications viz. ISO 9001:20152 (QMS), ISO 14001:2015 (EMS) and ISO 45001:2018 (OHSMS) for manufacture and supply of construction & water proofing chemicals and paints in respect of our Unit I. MCON Rasayan India has also obtained IS 15477:2019 for Adhesive for use with ceramic, mosaic and stone tiles and IS 2645:2003 for Integral waterproofing compounds for cement, mortar and concrete.
MCON Rasayan India supply its products to more than 100 distributors and dealers which in turn supply them to more than 1300 retailers
based in the States of Maharashtra, Gujarat and Rajasthan who serve various developers, contractors and architects in these western regional markets.
The Top 10 Products of MCON are as under MCON Magic Coat WP, MCON Magic Coat PU White, MCON Mortar/NSA Grey, MCON Micro Mortar, MCON Polymer Mortar EP, MCON Block Fix /Block Mortar, MCON Readyplaster, MCON Ultra Gyp Bond, MCON Wall Putty, and MCON Hard/Top Floor Metallic.
MCON Rasayan India IPO – Details
| IPO Opening Date | 06 March 2023 |
| IPO Closing Date | 10 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 17,10,000 Shares Worth ₹6.84 Crore Fresh Issue: 17,10,000 Shares Worth ₹6.84 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
MCON Rasayan India IPO – Date Schedule
| IPO Open Date | 06 March 2023 |
| IPO Close Date | 10 March 2023 |
| Basis of Allotment | 15 March 2023 |
| Initiation of Refunds | 16 March 2023 |
| Credit of Shares to Demat Account | 17 March 2023 |
| IPO Listing Date | 20 March 2023 |
MCON Rasayan India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,20,000 |
| Maximum | 1 | 3000 | 1,20,000 |
Competitive Strengths
- Experienced Management team having domain knowledge to scale up and expand into new opportunities;
- Wide product portfolio addressing the needs of varied customers across the industry;
- Dedicated technical & functional team to provide solutions to their customers;
- Extensive Sales and distribution network;
- Experience of handling large & complex projects;
- Multi-year relationships with most customers;
- Improving operational efficiency.
Company Promoters
- Mahesh Ravji Bhanushali
Object Of The Issue
- Funding the working capital requirements of the company.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 8.96 | 8.91 | 0.03 |
| 31 March 2021 | 8.99 | 8.74 | 0.18 |
| 31 March 2022 | 19.22 | 18.62 | 0.44 |
| 30 June 2022 | 6.54 | 6.22 | 0.23 |
MCON Rasayan India IPO Promoter Holding
| Pre Issue Share Holding | 91.45% |
| Post Issue Share Holding |
MCON Rasayan India 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 India 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 India IPO Lead Manager(s)
| 1. GYR Capital Advisors Limited |
MCON Rasayan India IPO FAQs
| What is MCON Rasayan India IPO? MCON Rasayan India IPO is a SME IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on NSE SME. |
| When MCON Rasayan India IPO will open? The IPO is to open on 06 March 2023 for NII and Retail Investors. |
| What is MCON Rasayan India IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to MCON Rasayan India IPO? You can apply MCON Rasayan India 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 India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “MCON Rasayan India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the MCON Rasayan India IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “MCON Rasayan India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is MCON Rasayan India IPO Size? MCON Rasayan India IPO size is ₹6.84 crores. |
| What is MCON Rasayan India IPO Price Band? MCON Rasayan India IPO Price Band is ₹40. |
| What is MCON Rasayan India IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 shares with ₹1,20,000. |
| What is the MCON Rasayan India IPO Allotment Date? MCON Rasayan India IPO allotment date is 14 March 2023. |
| What is the MCON Rasayan India IPO Listing Date? MCON Rasayan India IPO listing date is 17 March 2023. The IPO is to list on NSE SME. |
