MCON Rasayan IPO GMP, Date, Price, Review, Allotment 2023

MCON Rasayan IPO

Table of Contents

MCON Rasayan IPO Details: MCON Rasayan IPO date is fixed, The IPO will open on March 6 and will close on March 10, 2023. MCON Rasayan is an NSE SME IPO to raise ₹8.00 crores via IPO. The MCON Rasayan IPO price band is fixed at ₹40 with a market lot of 3000 shares.

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.

The Powder product range includes Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts, and Floor hardeners. The Liquid product range includes Poly-urethane (PU) based liquid membranes, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures, and Curing compounds. MCON Rasayan has a good network of more than 400 dealers. MCON has diversified its product range with a focus on clients’ needs in the Paint industry with premium quality Wall Putty and External Texture Paint. Some of their regular customers are Lodha, L&T, Satellite, Omkar, Acme, Indiabulls, Seth, etc.

Objects of the Issue:

  • Funding the working capital requirements of the company.
  • General Corporate Purposes.

MCON Rasayan IPO Review

  • Apply

MCON Rasayan IPO GMP Live Rates day by day with Kotak rates.

DateGMPKostakSubject to
20 March₹15₹-₹55000

MCON Rasayan IPO Date & Price Band Details

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

The MCON Rasayan IPO minimum market lot is 3000 shares with a ₹120,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹120,000
Retail Maximum13000₹120,000
S-HNI Minimum26000₹240,000

MCON Rasayan IPO Dates

The MCON Rasayan IPO date is March 6 and the IPO close date is March 10. The IPO allotment date is March 15 and the IPO might list on March 20.

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

You can check IPO subscription status and IPO allotment status on their respective pages.

MCON Rasayan 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 Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2020₹8.97₹8.92₹0.04
2021₹9.00₹8.75₹0.19
2022₹19.22₹18.63₹0.44
2023 3M₹6.54₹6.2₹0.23

MCON Rasayan IPO Valuation – FY2022

Check MCON Rasayan IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

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 IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

MCON Rasayan IPO Allotment Status

Check MCON Rasayan IPO allotment status on Linkintime website URL. Click Here

MCON Rasayan IPO Lead Managers

  • GYR Capital Advisors Limited

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: [email protected]
Website: http://www.mconrasayan.com/

MCON Rasayan IPO FAQs


What is MCON Rasayan IPO?

MCON Rasayan IPO is an NSE SME IPO. They are going to raise ₹8.00 Crores via IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on NSE.

When MCON Rasayan IPO will open?

The IPO is to open on March 6, 2023 for NII, and Retail Investors.

What is MCON Rasayan IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the MCON Rasayan IPO?

You can apply MCON Rasayan IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the MCON Rasayan IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “MCON Rasayan”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the MCON Rasayan IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “MCON Rasayan”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the MCON Rasayan IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “MCON Rasayan”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is MCON Rasayan IPO Size?

MCON Rasayan IPO size is ₹8.00 crores.

What is MCON Rasayan IPO Price Band?

MCON Rasayan IPO Price Band is ₹40 per equity share.

What is MCON Rasayan IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹120,000.

What is MCON Rasayan IPO Allotment Date?

MCON Rasayan IPO allotment date is March 15, 2023.

What is MCON Rasayan IPO Listing Date?

MCON Rasayan IPO listing date is March 20, 2023. The IPO to list on NSE SME.

Note: The MCON Rasayan IPO details are announced officially. The IPO grey market premium (MCON Rasayan IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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