MCON Rasayan India IPO GMP Price, Date, Review Details – IPO Upcoming

The MCON Rasayan India IPO date has been confirmed from March 6 and ended on March 10 . Read the post to learn about MCON Rasayan India IPO GMP.

In MCON Rasayan IPO, a foundation of the share capital of 68,40,000 numbered shares with a share price at Rs. 6.84 crores was laid. Investor subscription for shares in the IPO took place during this time period which ended on March 10, 2023. Through the over-subscription of the MCON Rasayan IPO, which was completed on March 14, 2023, the company was made oversubscribed. And yet these shares got listed on the NSE SME after that on March 20, 2023.

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Key Details Of MCON Rasayan India IPO:

MCON Rasayan India IPO GMP

The MCON Rasayan India IPO IPO GMP Today is ₹[ 14 ].

IPO Overview​

The price at which MCON Rasayan will get listed in stock exchanges is ₹40 per share. Retailers are required to spend ₹120,000 in full as their entry into the investment application and cannot use less than 3,000 shares. However, in contrast, the Ultra High Net Worth Individuals (HNI) demands to invest in 2 lots which means 12,000 shares, and the number of them should be greater than or equal to ₹240,000.

As a part of the MCON Rasayan India Limited family, founded in 2016, we offer premium construction materials and construction chemicals as well as marketing and distribution services. With a long list of products in their portfolio of over 80 materials, this is the safe bet for the industry professionals to get both powdered and liquid chemical formulations.

MCON Rasayan India IPO Date & Price Band Details

IPO Date	March 6, 2023 to March 10, 2023
Listing Date	March 20, 2023
Face Value	₹10 per share
Price	₹40 per share
Lot Size	3000 Shares
Total Issue Size	1,710,000 shares (aggregating up to ₹6.84 Cr)
Fresh Issue	1,710,000 shares (aggregating up to ₹6.84 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Market Maker portion	90,000 shares

MCON Rasayan India IPO Market Lot

The minimum requirement for investors to bid is 3000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment for both retail investors and high net worth individuals (HNI) in terms of shares and monetary value.

Application	Lot Size	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
HNI (Min)	2	6,000	₹240,000

MCON Rasayan India IPO Allotment and Listing Dates

IPO Open Date	Monday, March 6, 2023
IPO Close Date	Friday, March 10, 2023
Basis of Allotment	Wednesday, March 15, 2023
Initiation of Refunds	Thursday, March 16, 2023
Credit of Shares to Demat	Friday, March 17, 2023
Listing Date	Monday, March 20, 2023
Cut-off time for UPI mandate confirmation	5 PM on March 10, 2023

Company Profile​

Along with all the products from MCON Rasayan India Limited, the brand name MCON is also used for the marketing purpose. The plant has sister plants both positioned in Valsad and Navsari in the state of Gujarat, India. At the Valsad plant, located in Sarigam GIDC, the product portfolio is varied and consists of admixture, mortar, tile adhesives, paints, concrete repair systems as well as waterproofing. Its possible to produce 2,500 MTPA. From another side, the Navsari plant is involved into manufacturing the mixture mortar, bonding agent for solid block, and tile adhesive with a designed production capacity of 12,500 MTPA.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

MCON Rasayan India IPO FAQs