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MCONSME / NSEListed
MCON Rasayan India

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 Price₹48.00
Listing Gain+20.00%

IPO Schedule & Timeline

Fixed Price IPO
Open06 Mar 2023
Close10 Mar 2023
Allotment15 Mar 2023
Listing20 Mar 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker90,000 shares
5.26%
Nii (hni)8,10,000 shares
47.37%
Retail8,10,000 shares
47.37%

Minimum Application Lots

Retail1 Lot (3,000 shares)
₹1,20,000
HNI2 Lots (6,000 shares)
₹2,40,000

Company Promoters

Mahesh Ravji Bhanushali

Company Background

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, ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹896.95 Cr
Growth-31.3%
Revenue Trend (₹ in Crores)
0.0736.91.5k2.2kSep 2022Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2020896.953.61776.02321.61
Mar 2021899.7818.68831.81346.58
Mar 20221,922.3644.401,446.31740.85
Sep 20221,304.6785.641,777.53642.63

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
15 Mar 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
20 Mar 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for MCON Rasayan India. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Mar 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date20 Mar 2023Trading commences on exchange

How to Check MCON Rasayan India Allotment Online

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About MCON Rasayan India IPO

Complete issue overview for MCON Rasayan India (MCON) IPO. The issue features an equity share price band of ₹40 per share with a minimum retail lot size of 3000 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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