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SME IPO Status: Listed [6th Mar 2023 to 10th Mar 2023]
MCON Rasayan Limited offers an SME IPO, issue size worth Rs 6.84 Cr. The subscription for this SME IPO is opening from 06 Mar 2023 to 10 Mar 2023. The face value of the equity share is Rs 10 per share. The issue price for this IPO is Rs 40 per share along with the Lot size of 3000 shares and its multiple.
Stay updated with us to know more about the MCON Rasayan Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 6th Mar 2023 |
| SME IPO Issue Closing Date: | 10th Mar 2023 |
| SME IPO Issue Price: | ₹40 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹6.84 Cr |
| Fresh Issue: | ₹6.84 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 91.45% |
| Promoter Holding Post IPO: | 66.64% |
| Allotment Status: | Allotment Status |
| NSE Code: | MCON |
Get important updates regarding MCON Rasayan India SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 15th Mar 2023 |
| Refunds Initiation* | 16th Mar 2023 |
| Credit of Shares to Demat* | 17th Mar 2023 |
| SME IPO Listing Date* | 20th Mar 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹40 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-03-2023 | 40 | 14 | 50000 | ₹54 (35%) | 20-Mar-2023 10:06 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
MCON Rasayan Limited was incorporated on Sept 2016. They are 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. Its powder products such as ready mix plaster, tile adhesives, block adhesives, wall putty, micro concrete & polymer mortar, engineering non shrink grouts and floor hardeners are widely used in the building construction segment.
Their liquid portfolio having products such as poly-urethane (PU) based liquid membrane, bonding agents, paints, anti-corrosive coatings, concrete admixtures and curing compounds. The products are marketed and sold under the "MCON" brand. They have two manufacturing plants in Valsad and Navsari, Gujarat. Their 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.
MCON Rasayan supplies 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. Its products undergo stringent quality tests to meet industry standards before they are delivered to their clients. They undertake various tests like compressive strength test, alkali content test, harden concrete permeability test, water retention efficiency and currying efficiency test, special gravity test and solid content test. These tests ensure that their products meet the industry standards required by their clients for safety, durability, and consistency.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Chemicals | ₹6.84 Cr | http://www.mconrasayan.com/ |
The Company proposes to utilize the funds towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 810,000 (50%) | 810,000 (50%) | 1,620,000 | |
| 1 | 6th Mar 2023 17:02 | 16.23x | 32.71x | 24.47x |
| 2 | 8th Mar 2023 17:02 | 33.03x | 115.87x | 74.45x |
| 3 | 9th Mar 2023 21:46 | 72.04x | 241.77x | 157.91x |
| 4 | 10th Mar 2023 20:00 | 307.09x | 453.41x | 384.64x |
| 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-Sep-22 | 1,777.53 | 1,304.67 | 85.64 | 456.93 | 269.43 | 642.63 |
| Amount in ? Lakhs | ||||||
Last Updated on 23-Mar-2023 09:00:14
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase MCON Rasayan India SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply MCON Rasayan India SME IPO with Zerodha.
Alternate approch to apply in MCON Rasayan India SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
MCON Rasayan India SME IPO Review and Important Updates
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To subscribe or apply in MCON Rasayan India SME IPO, you can use the following methods:
| MCON Rasayan India SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in MCON Rasayan India SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in MCON Rasayan India SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in MCON Rasayan India SME IPO. Most of the Syndicate Banks provide access to apply in MCON Rasayan India IPO via ASBA process. You must have your net banking access, DP ID information to apply in MCON Rasayan India SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in MCON Rasayan India SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
MCON Rasayan India SME IPO Review and Important Updates
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MCON Rasayan India SME IPO is going to be list on 20-03-2023. NSE Code for MCON Rasayan India is MCON. BSE Code for MCON Rasayan India is .
Other relevant questions:
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MCON Rasayan India SME IPO Allotment Date is 15-03-2023.
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