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06 March 2023

MCON Rasayan India Ltd. IPO Date, Allotment, and All Details

MCON Rasayan India Limited

MCON Rasayan India Limited is in the business of manufacturing, company is incorporated in 2010. Marketing, and selling the building materials further than 80 products of construction materials and chemicals in both powder and liquid forms. The wide range of products that we offer includes Construction Form of 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. 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 Sari gam, Valsad, and Gujarat substantially engages in the manufacturing of admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems and has an installed capacity of, 500 MTPA. And the factory in Navsari, Gujarat manufactures ready mix mortars, block adhesives, and tile adhesives and has an installed.

Financial Performance

Parameter	March 31, 2020 (in Rs. Lakhs)	March 31, 2021 (in Rs. Lakhs)	March 31, 2022 (in Rs. Lakhs)
Total Assets	776.02	831.81	1,446.31
Total Revenue	896.95	899.78	1,922.36
Profit After Tax	3.61	18.68	44.40

Objective of MCON Rasayan India Limited

The primary objective of MCON Rasayan India Limited IPO is to raise funds for the following purposes:

1. Funding the business's need for working funding
2. General Corporate Goals

MCON Rasayan India Limited IPO Details

IPO Date	Mar 06, 2023 to Mar 10, 2023
Allotment	Mar 10, 2023
Listing Date	Mar 20, 2023
Face Value	₹10 Per Equity Share
Issue Price	₹40 Per Equity Shares
Issue Size	1,710,000 Shares(INR ₹6.84 Crore)
Market Lot (min. Amt.)	3000 Shares (Rs. 1,20,000/-)
Listing on	NSE SME
Lead Manager	GYR Capital Advisors Ltd.
Registrar	Link Intime India Pvt. Ltd.

Company Promoters of MCON Rasayan India

The Promoters of MCON Rasayan India Limited are:

1. Mahesh Ravji Bhanushali

As per the Draft Red Herring Prospectus (DRHP) filed by the company with SEBI, the promoter group collectively holds 91.45% of the pre-issue paid-up equity share capital of the company. After the IPO, their shareholding in the company will reduce to N/A% of the post-issue paid-up equity share capital.

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