MCON Rasayan IPO subscription status started on Monday March 6, 2023 and will close on March 10, 2023. MCON Rasayan IPO to raise around ₹8.00 crores via IPO. The retail quota is 50%, and NII is 15%. The price band is fixed at ₹40 per equity share.
The MCON Rasayan IPO minimum market lot is 3000 shares with ₹120,000 application amount. The IPO to list on NSE.
MCON Rasayan India Limited is a leading manufacturer and supplier of high-quality Construction Chemicals & Building Finishing Products in India and the Overseas Market. The company is certified as an ISO 9001: 2015, ISO 14001:2015 & ISO 45001:2018 Company. They have more than 80 products including construction materials and construction chemicals in both powder and liquid forms.
IPOWatch View
We recommend investors may apply an IPO with Longterm Views. Investors should also look at the NII, and Retail numbers before investing. You can check the MCON Rasayan IPO allotment status here.
MCON Rasayan IPO Subscription Status
| Category | Day 2 | Day 3 | Day 4 |
| NII | 33.03 | 73.88 | 307.09 |
| RII | 115.87 | 237.87 | 453.41 |
| Total | 74.45 | 155.87 | 384.64 |
MCON Rasayan IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
MCON Rasayan IPO Review
- May Apply
MCON Rasayan IPO Date & Price Band
| IPO Open: | March 6, 2023 |
| IPO Close: | March 10, 2023 |
| IPO Size: | Approx ₹8.00 Crores, 2,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
MCON Rasayan IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹120,000 |
| Retail Maximum | 1 | 3000 | ₹120,000 |
| S-HNI Minimum | 2 | 6000 | ₹240,000 |
MCON Rasayan IPO Subscription Dates
| IPO Open Date: | March 6, 2023 |
| IPO Close Date: | March 10, 2023 |
| Basis of Allotment: | March 15, 2023 |
| Refunds: | March 16, 2023 |
| Credit to Demat Account: | March 17, 2023 |
| IPO Listing Date: | March 20, 2023 |
MCON Rasayan IPO Form
How to apply for the MCON Rasayan IPO? You can apply for 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 is you can apply for MCON Rasayan IPO via IPO forms downloaded via NSE. Check out the MCON Rasayan forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
