| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹6.84 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹6.84 Cr |
| Fresh Issue | ₹6.48 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน40.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | MCON |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
Incorporated in 2016, MCON Rasayan India Limited is in the business of manufacturing, marketing, and selling of modern building materials and construction chemicals. The company has a suite of more than 80 products including a range of construction materials and construction chemicals in both powder and liquid forms.
Powder products of the company are Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts and Floor hardeners.
Liquid Form products include:Poly-urethane (PU) based liquid membrane, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures and Curing compounds.
The products of MCON Rasayan India Limited are marketed under the brand label "MCON".
The company has two manufacturing plants in Valsad and Navsari, Gujarat. The plant at GIDC Sarigam, Valsad, Gujarat mainly engages in the manufacturing of admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems and has an installed capacity of 2,500 MTPA. And the plant in Navsari, Gujarat manufactures readymix mortars, block adhesives, and tile adhesives and has an installed capacity of 12,500 MTPA.
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 4.50 |
| 2 | General Corporate Purposes | 1.64 |
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 17.78 | 14.46 | 8.32 | 7.76 |
| Total Income | 13.05 | 19.22 | 9.00 | 8.97 |
| Profit After Tax | 0.86 | 0.44 | 0.19 | 0.04 |
| NET Worth | 4.57 | 2.21 | 1.78 | 1.11 |
| Reserves and Surplus | 2.69 | 0.71 | 0.28 | 0.10 |
| Total Borrowing | 6.43 | 7.41 | 3.47 | 3.22 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 20.06% |
| ROCE | 9.93% |
| Debt / Equity | 3.35% |
| RoNW | 20.06% |
| PAT Margin | 2.31% |
| EBITDA Margin | 6.66% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 2.96 | |
| P/E (x) | 14.71 | |
| Promoter Holding | 91.45% | 66.64% |
| Market Cap | โน25.22 Cr. | |