MCON Rasayan India Limited IPO (MCON Rasayan India IPO)

MCON Rasayan India Limited IPO
Upcoming MCON Rasayan India IPO | New MCON Rasayan India IPO

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

MCON Rasayan India IPO – Details

IPO Opening Date06 March 2023
IPO Closing Date10 March 2023
Issue TypeFixed Price Issue IPO
Issue Size17,10,000 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 Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Ltd
Retail Shares Offered50%
NII (HNI) Shares Offered50%

MCON Rasayan India IPO – Date Schedule

IPO Open Date06 March 2023
IPO Close Date10 March 2023
Basis of Allotment15 March 2023
Initiation of Refunds16 March 2023
Credit of Shares to Demat Account17 March 2023
IPO Listing Date20 March 2023

MCON Rasayan India IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

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.
MCON Rasayan India IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20208.968.910.03
31 March 20218.998.740.18
31 March 202219.2218.620.44
30 June 20226.546.220.23
Amount in ₹ Crore

MCON Rasayan India IPO Promoter Holding

Pre Issue Share Holding91.45%
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

MCON Rasayan India IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

MCON Rasayan India IPO Lead Manager(s)

1. GYR Capital Advisors Limited

MCON Rasayan India IPO FAQs

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.
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