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MCONSME / NSEListed

MCON Rasayan India Limited

Incorporated in 2016, MCON Rasayan India Limited is engaged in the manufacturing, marketing, and selling of modern building materials and construction chemicals. The company offers over 80 products under its brand "MCON," covering both powder and liquid forms. Its powder range includes ready-mix plaster, tile and block adhesives, wall putty, micro concrete, polymer mortar, grouts, and floor hardeners, while its liquid range features PU-based membranes, bonding agents, paints, anti-corrosive coatings, concrete admixtures, and curing compounds. MCON operates two manufacturing plants in Gujarat — one at Valsad with a capacity of 2,500 MTPA, focusing on admixtures, wall putty, and waterproofing systems, and another at Navsari with a 12,500 MTPA capacity for ready-mix mortars and adhesives. Some of its top products include MCON Magic Coat WP, MCON Magic Coat PU White, MCON Mortar/NSA Grey, MCON Micro Mortar, MCON Polymer Mortar EP, and MCON Block Fix.

₹40 - ₹40384.64x sub
Listed Price48.00
Listing Gain+20.00%
TimelineFixed Price IPO
Open06 Mar 2023
Close10 Mar 2023
Allotment15 Mar 2023
Listing20 Mar 2023

Quota Reservation Portions

Market MakerPortion: 90,000 shares
5.26%
Nii (hni)Portion: 8,10,000 shares
47.37%
RetailPortion: 8,10,000 shares
47.37%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,20,000
HNI2 lots / 6,000 shares
₹2,40,000

About the Company

Incorporated in 2016, MCON Rasayan India Limited is engaged in the manufacturing, marketing, and selling of modern building materials and construction chemicals. The company offers over 80 products under its brand "MCON," covering both powder and liquid forms. Its powder range includes ready-mix plaster, tile and block adhesives, wall putty, micro concrete, polymer mortar, grouts, and floor hardeners, while its liquid range features PU-based membranes, bonding agents, paints, anti-corrosive coatings, concrete admixtures, and curing compounds. MCON operates two manufacturing plants in Gujarat — one at Valsad with a capacity of 2,500 MTPA, focusing on admixtures, wall putty, and waterproofing systems, and another at Navsari with a 12,500 MTPA capacity for ready-mix mortars and adhesives. Some of its top products include MCON Magic Coat WP, MCON Magic Coat PU White, MCON Mortar/NSA Grey, MCON Micro Mortar, MCON Polymer Mortar EP, and MCON Block Fix.

Company Promoters

Mahesh Ravji Bhanushali