Established in 2016, MCON Rasayan India Limited is a leading manufacturer, marketer, and seller of modern building materials and construction chemicals. The company offers a comprehensive range of over 80 products, available in both powder and liquid forms, catering to the construction industry.
The powder products portfolio includes Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts, and Floor hardeners. On the other hand, the liquid form products encompass Poly-urethane (PU) based liquid membrane, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures, and Curing compounds.
Under the brand label “MCON,” the company effectively markets its diverse range of construction materials and chemicals.
MCON Rasayan India Limited operates two manufacturing plants in Valsad and Navsari, Gujarat. The Valsad plant, situated in GIDC Sarigam, primarily manufactures admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems, with a capacity of 2,500 MTPA. The Navsari plant is dedicated to producing readymix mortars, block adhesives, and tile adhesives, boasting an installed capacity of 12,500 MTPA.
The company’s top 10 products, highly regarded in the market, include 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.
As a reliable player in the construction chemicals industry, MCON Rasayan India Limited is committed to delivering quality products that contribute to the growth and development of the building and infrastructure sectors, establishing a strong presence in the market with its diverse and innovative solutions.
Mcon Rasayan India Limited Stock Quote #
- Open: ₹138.05
- High – Low: ₹138.05 – ₹137.00
- Previous Close: ₹140.00
- Total Traded Value: 6,000
- Updated On: Jul 24, 2023 4:00 PM
MCON Rasayan IPO Details #
| IPO Date | Mar 6, 2023 to Mar 10, 2023 |
| Listing Date | Mar 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,710,000 shares (aggregating up to ₹6.84 Cr) |
| Fresh Issue | 1,710,000 shares (aggregating up to ₹6.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 90,000 shares Econo Broking |
MCON Rasayan IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 90,000 (5.26%) |
| Other Shares Offered | 810,000 (47.37%) |
| Retail Shares Offered | 810,000 (47.37%) |
| Total Shares Offered | 1,710,000 (100%) |
MCON Rasayan IPO Timetable (Tentative) #
MCON Rasayan IPO opens on Mar 6, 2023, and closes on Mar 10, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 6 March 2023 |
| Closing Date | Friday, 10 March 2023 |
| Basis of Allotment | Wednesday, 15 March 2023 |
| Initiation of Refunds | Thursday, 16 March 2023 |
| Credit of Shares to Demat | Friday, 17 March 2023 |
| Listing Date | Monday, 20 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 10, 2023 |
MCON Rasayan IPO Lot Size #
The MCON Rasayan IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
MCON Rasayan IPO Promoter Holding #
Mahesh Ravji Bhanushali is the Promoter of the Company.
| Pre Issue Share Holding | 91.45% |
| Post Issue Share Holding | 66.64% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 14.71 |
| Market Cap (₹ Cr.) | 25.22 |
Objects of the Issue #
The Company proposes to utilize the funds towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
MCON Rasayan IPO Subscription Status (Bidding Detail) #
The MCON Rasayan IPO is subscribed 384.64 times on Mar 10, 2023 7:58:00 PM. The public issue subscribed 453.41 times in the retail category, times in the QIB category, and 307.09 times in the NII category.
| Category | Subscription (times) |
|---|---|
| Other | 307.09 |
| Retail | 453.41 |
| Total | 384.64 |
Total Application : 122,420 (429.54 times)
MCON Rasayan IPO Prospectus #
- › MCON Rasayan IPO DRHP
- › MCON Rasayan IPO RHP
MCON Rasayan IPO Listing Details #
| Listing Date | Mar 20, 2023 |
| BSE Script Code | |
| NSE Symbol | MCON |
| ISIN | INE0O4M01019 |
| Final Issue Price | ₹40 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹48.00 |
| ₹48.00 |
| ₹50.40 |
| ₹50.40 |
Company Contact Information #
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 IPO Registrar #
Phone: +91-22-4918 6270
Email: mconrasayan.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
MCON Rasayan IPO Lead Manager(s) #
Frequently Asked Questions #
When does the MCON Rasayan India IPO open and close? #
The MCON Rasayan India IPO opens on March 6, 2023, and closes on March 10, 2023.
What is the IPO price and face value of MCON Rasayan India IPO? #
The IPO price of MCON Rasayan India is ₹40 per equity share, and the face value is ₹10 per share.
What is the IPO size and lot size of MCON Rasayan India IPO? #
The MCON Rasayan India IPO size is ₹6.84 Crores, and the lot size is 3000 shares.
Where will MCON Rasayan India IPO be listed? #
MCON Rasayan India IPO will be listed on NSE SME on March 20, 2023.
What is the subscription status of MCON Rasayan India IPO? #
As of the latest update, the IPO has been subscribed 384.64 times, with Qualified Institutional Buyers (QIB) subscribing 307.09 times, Non-Institutional Investors (NII) subscribing 453.41 times, and Retail Individual Investors (RII) subscribing 384.64 times.
What is the business of MCON Rasayan India Limited? #
MCON Rasayan India Limited is in the business of manufacturing, marketing, and selling modern building materials and construction chemicals, including a suite of more than 80 products in both powder and liquid forms.
Where are the manufacturing plants of MCON Rasayan India Limited located? #
MCON Rasayan India Limited has two manufacturing plants in Valsad and Navsari, Gujarat.
What are the top 10 products offered by MCON Rasayan India Limited? #
The top 10 products offered by MCON Rasayan India Limited include 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.
What are the financial details of MCON Rasayan India Limited? #
For the last three fiscal years, MRIL has posted a turnover/net profit of Rs. 8.97 cr./ Rs. 0.04 cr. (FY20), Rs. 9.00 cr./ Rs. 0.19 cr. (FY21), and Rs. 19.22 cr./ Rs. 0.44 cr. (FY22). For H1 FY23 ended on September 30, 2022, it earned a net profit of Rs. 0.86 cr. on a turnover of Rs. 13.05 cr.
What is the post-issue paid-up capital of MCON Rasayan India Limited? #
Post-IPO, MRIL’s current paid-up equity capital of Rs. 4.59 cr. will stand enhanced to Rs. 6.30 cr.
Please note that the information provided here is based on the available data and may be subject to change. For the most up-to-date and accurate information, it is recommended to visit the official sources and financial portals directly.
