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Open
6 Mar 2023
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Close
10 Mar 2023
3
Allotment
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Listing
Mon, Mar 20, 2023
Price Band
₹40 per share
Issue Size
17,10,000 shares (agg. up to ₹7 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Mar 20, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 380.02x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 17.78 | 14.46 | 8.32 | 7.76 |
| Total Income | 13.05 | 19.22 | 9.00 | 8.97 |
| Profit After Tax | 0.86 | 0.44 | 0.19 | 0.04 |
| NET Worth | 4.57 | 2.21 | 1.78 | 1.11 |
| Reserves and Surplus | 2.69 | 0.71 | 0.28 | 0.10 |
| Total Borrowing | 6.43 | 7.41 | 3.47 | 3.22 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 4.50 |
| 2 | General Corporate Purposes | 1.64 |
About MCON Rasayan IPO
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 and Floor hardeners. Liquid Form products include:Poly-urethane (PU) based liquid membrane, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures and Curing compounds. The products of MCON Rasayan India Limited are marketed under the brand label "MCON". The company has two manufacturing plants in Valsad and Navsari, Gujarat. The plant at GIDC Sarigam, Valsad, Gujarat mainly engages in the manufacturing of admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems and has an installed capacity of 2,500 MTPA. And the plant in Navsari, Gujarat manufactures readymix mortars, block adhesives, and tile adhesives and has an installed capacity of 12,500 MTPA. The
Contact Details
MCON Rasayan India Ltd. Address101/A, 1st floor, Maxheal House, Plot-169CTS-104 Bangur Nagar, Goregaon WestNear Ayyappa TempleMumbai, Maharashtra, 400090+91 86559 88698compliance@mconrasayan.comVisit Website