MCON Rasayan India SME IPO Date, GMP, Price, Review, Allotment

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
• Floor hardeners

Liquid Form products include:

• Poly-urethane (PU) based liquid membrane
• Bonding agents
• Paints
• Anti-corrosive coatings
• Concrete admixtures
• Curing compounds

	Date	GMP	Kostak	Subject To Sauda
	15 March 2023	₹20	₹-	₹55000
	14 March 2023	₹25	₹-	₹55000
	13 March 2023	₹25	₹-	₹55000
	12 March 2023	₹25	₹-	₹55000
	11 March 2023	₹25	₹-	₹55000
	10 March 2023	₹25	₹-	₹55000
	09 March 2023	₹25	₹-	₹55000
	08 March 2023	₹25	₹-	₹55000
	07 March 2023	₹25	₹-	₹55000
	07 March 2023	₹25	₹-	₹55000
	06 March 2023	₹25	₹-	₹55000
	05 March 2023	₹25	₹-	₹55000
	04 March 2023	₹25	₹-	₹55000
	03 March 2023	₹25	₹-	₹55000
	02 March 2023	₹25	₹-	₹55000
	01 March 2023	₹25	₹-	₹55000
	28 February 2023	₹25	₹-	₹55000

MCON Rasayan India SME IPO Date & Price Band.

IPO Open:	Mar 6, 2023
IPO Close:	Mar 10, 2023
IPO Size:	₹6.84 Crores
Price Band:	₹40 per share
Listing on:	NSE SME
Retail Portion:	50% of the Net Issue
Equity:	1,710,000 shares
Face Value:	₹10 per share

MCON Rasayan India SME IPO Market Lot

The MCON Rasayan IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Shares: Minimum 3000 share

Minimum Amount: ₹120,000

Maximum Amount: ₹120,000

MCON Rasayan India SME IPO Allotment & Listing:

• Basis of Allotment: Mar 15, 2023
• Refunds: Mar 16, 2023
• Credit to Demat accounts: Mar 17, 2023
• Listing: Mar 20, 2023

MCON Rasayan India SME IPO Form

How to apply MCON Rasayan IPO? You can apply MCON Rasayan IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the MCON Rasayan IPO in the Invest section. The other option you can apply MCON Rasayan IPO via IPO forms download via the NSE website. Check out the MCON Rasayan forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

MCON Rasayan India SME Company Financial Report

Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	776.02	896.95	3.61
31-Mar-21	831.81	899.78	18.68
31-Mar-22	1,446.31	1,922.36	44.40

MCON Rasayan India SME IPO Valuation – FY2022

Earning Per Share (EPS):	₹2.96 per Equity Share
Price/Earning P/E Ratio:	NA
Return on Net Worth (RoNW):	20.06%
Net Asset Value (NAV):	₹14.75 per Equity Share

Peer Group

• Asian Paints Limited
• Pidilite Industries Limited
• Kansai Nerolac Paints Limited

Company Promoters

• Mahesh Ravji Bhanushali

MCON Rasayan India SME IPO Registrar

Link Intime India Private Ltd

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

Company Address

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/

Quick Links:

 MCON Rasayan India IPO DRHP

About MCON Rasayan India SME IPO

MCON Rasayan India IPO opens on Mar 6, 2023, and closes on Mar 9, 2023. The MCON Rasayan India IPO bid date is from Mar 6, 2023 10.00 A.M. to Mar 9, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Read Also
MCON Rasayan India SME Allotment Status
MCON Rasayan India SME IPO Listing Date MCON Rasayan India SME IPO Subscription (Live)

Objects of the Issue:

• Financing the expenditure for opening new stores.
• To repay of short term borrowings.
• To meet Working Capital requirements.
• General Corporate Purpose.
• To meet issue expenses

MCON Rasayan India SME IPO FAQs