MCON Rasayan India Limited IPO : Important Info.

MCON Rasayan India Limited IPO is set to launch on 6 March, 2023. The company initiated its business operations in 2016. MCON Rasayan India Limited is involved in the business of manufacturing, selling and marketing of construction chemicals and building materials. The entire product portfolio of the firm consists of 80 different product mixes. All the products are segregated based on powder and liquid form. 

The major powder products of the company are Wall Putty, Block Adhesives, Ready Mix Plaster, Micro concrete and polymer mortar, Tile Adhesives, Floor hardeners and Engineering non-shrink grouts. 

The liquid form products include Bonding Agents, PU Based Liquid membrane, Anti corrosive coating, paints, curing compounds and concrete admixtures.

The production facilities of the company are located in Valsad and Navsari. The annual production capacity is 15000 MTPA combined. 

MCON Rasayan India Limited IPO DETAILS

MCON Rasayan India Limited IPO is set to launch on 2 March., 2023. The subscription timeline extends till 10 March, 2023. The size for the IPO is 6.84 Crore Rs. Shares issued through fresh issue mode are worth 6.84 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 40 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of MCON Rasayan India Limited IPO

IPO OPENING DATE	6 March., 2023
CLOSING DATE FOR IPO	10 March, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	40 Rs per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	14.20 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	6.84 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	20 March, 2023

MCON Rasayan India Limited IPO : IMPORTANT DATES

IPO OPENING DATE	6 March., 2023
CLOSING DATE FOR IPO	10 March., 2023
IPO ALLOTMENT DATE	15 March, 2023
REFUNDS	16 March, 2023
DEMAT A/C CREDITED ON	17 March, 2023
IPO LISTING DATE	20 March, 2023

MCON Rasayan India Limited IPO begins for subscription from 6 March., 2023. The IPO subscription would continue till 10 March, 2023. The allotment status for the shareholders who applied would come on 15 March, 2023. The refunds for the ones who did not get allotment would be initiated on 16 March, 2023. The DEMAT accounts of shareholders would be credited on 17 March, 2023. The listing of the company would be accompanied on 20 March, 2023.

MCON Rasayan India Limited IPO : Lead Managers

The lead managers are :

• GYR Capital Advisors Limited

The minimum lot size for the company is decided at  3000 shares. This holding accounts to  120000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	120000 Rs.
Maximum	6000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The money raised will be also utilised for the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	776	831	1446
Revenue	897	899	1922
PAT	3.61	18	44

MCON Rasayan India Limited had an asset base of 776 Lakh Rs in 2020 which increased to 831 Lakh Rs in 2021 and 1446 Lakh Rs in 2022. The revenue of the firm has also increased with the increased asset base. The 2020 revenue was 897 Lakh Rs which increased to 899 Lakh Rs in 2021 and 1922 Lakh Rs in 2022. The profits of the firm were noted at 3.61 Lakh Rs in 2020 which increased to 18 Lakh Rs in 2021 and 44 Lakh Rs in 2022.

PROS

• MCON Rasayan India Limited ‘s production facilities are located in Valsad and Navsari. The annual production capacity is 15000 MTPA combined.
• The entire product portfolio of the firm consists of 80 different product mixes.
• The major powder products of the company are Wall Putty, Block Adhesives, Ready Mix Plaster, Micro concrete and polymer mortar, Tile Adhesives, Floor hardeners and Engineering non-shrink grouts.
• The liquid form products include Bonding Agents, PU Based Liquid membrane, Anti corrosive coating, paints, curing compounds and concrete admixtures.

CONS

• The company works in a highly competitive segment.

MCON Rasayan India Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the MCON Rasayan India Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.