MCON Rasayan IPO GMP | Details, Date, Price, Review

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Table of Contents

MCON Rasayan IPO Details ( MCON Rasayan Limited IPO Review )

(06 Mar 2023 – 10 Mar 2023)

MCON Rasayan India Limited, established in 2016, operates within the modern building materials and construction chemicals industry, manufacturing, marketing, and distributing their products. The company offers over 80 products, including construction materials and construction chemicals in both liquid and powder forms.

The company’s powder-based products consist of Ready mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete & polymer mortar, Engineering non-shrink grouts, and Floor hardeners.

The company’s liquid-based products include Poly-urethane (PU) based liquid membrane, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures, and Curing compounds.

“MCON” is the brand label under which the products of MCON Rasayan India Limited are marketed.

MCON Rasayan India Limited operates two manufacturing plants in Gujarat, located in Valsad and Navsari. The Valsad plant, situated in GIDC Sarigam, mainly produces admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems, with a production capacity of 2,500 MTPA. The Navsari plant specializes in readymix mortars, block adhesives, and tile adhesives, with a production capacity of 12,500 MTPA.

MCON Rasayan India Limited’s top 10 products include MCON Magic Coat WP, MCON Magic Coat PU White, MCON Mortar/NSA Grey, MCON Micro Mortar, MCON Polymer Mortar EP, MCON Block Fix/Block Mortar, MCON Readyplaster, MCON Ultra Gyp Bond, MCON Wall Putty, and MCON Hard/Top Floor Metallic.

MCON Rasayan India Company Product:

  • Admixtures
  • Tile Adhesives & Tile Grouts
  • Waterproofing Systems
  • Wall Finishing Products
  • Readymix Mortars
  • Concrete Repairs
  • Industrial Flooring
  • Engineering Grouts
  • Anti-Corrosive Systems

MCON Rasayan IPO Competitive Strength

  • Comprehensive product portfolio
  • Diverse customer base
  • In-house research and development of products
  • Strategic location of manufacturing units
  • Quality Standard Certifications & Quality Tests
  • Experienced Promoter and senior management team

MCON Rasayan IPO Financials Performance ( Results )

MCON Rasayan Limited Financial Information ( Restated )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPSNet WorthNAVReservesBorrowing

Objective of IPO Issue

  • Funding the working capital requirements of the company
  • General Corporate Purposes

MCON Rasayan IPO Basic Details

IPO DateMar 06, 2023 to Mar 10, 2023
Listing DateMonday, March 20, 2023
Face Value₹10 per share
Price₹40 per share
Lot Size3000 Shares
Issue Size1,710,000 shares of ₹10
(aggregating up to ₹6.84 Cr)
Fresh Issue1,710,000 shares of ₹10
(aggregating up to ₹6.84 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
NII (HNI) Shares Offered50% of the Offer
Retail Shares Offered50% of the Offer
Company PromotersMahesh Ravji Bhanushali is the
Promoter of the Company.

MCON Rasayan IPO Timetable

MCON Rasayan IPO will open on Mar 06, 2023 and close on Mar 10, 2023. You can join MCON Rasayan IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening DateMar 06, 2023
Closing DateMar 10, 2023
Basis of AllotmentMar 15, 2023
Initiation of RefundsMar 16, 2023
Credit of Shares to DematMar 17, 2023
Listing DateMar 20, 2023

MCON Rasayan IPO Lot Size

For retail investors in MCON Rasayan IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.

Retail (Min)13000₹120,000
Retail (Max)13000₹120,000
S-HNI (Min)26000₹240,000

MCON Rasayan IPO Promoter Holding

Pre Issue Share Holding91.45%
Post Issue Share Holding

MCON Rasayan IPO Valuation – FY2022

Earning Per Share (EPS)₹1.57 per Equity Share
Price/Earning P/E Ratio
Return on Net Worth (RoNW)9.59%
Net Asset Value (NAV)₹16.31 per Equity Share
Upper Price/Book Value (Price/BV) Ratio

MCON Rasayan Ltd Peer Comparison

Company NameCPMFace
MCON Rasayan India Limited101.579.59%16.31
Asian Paints Limited3070.95118.57165.3713.19%142.3719.6
Pidilite Industries Limited2655.75113.19201.3410.43%128.1219.5
Kansai Nerolac Paints

MCON Rasayan IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
16 March 2023₹18
15 March 2023₹17
14 March 2023₹20
13 March 2023₹22
12 March 2023₹22
11 March 2023₹23
10 March 2023₹24
09 March 2023₹25
08 March 2023₹26
07 March 2023₹23
06 March 2023₹23
05 March 2023₹26
04 March 2023₹26
03 March 2023₹25
02 March 2023₹27
01 March 2023₹30
28 February 2023₹29
27 February 2023₹28
26 February 2023₹0
25 February 2023₹0

MCON Rasayan IPO Detail Video:

MCON Rasayan IPO Subscription Status (Bidding Detail)

The MCON Rasayan IPO on Mar 10, 2023 at 7:00:00 PM was subscribed 384.64 times, with the retail category being subscribed 453.41 times, the NII (Non-Institutional Investor) category being subscribed 307.09 times.


MCON Rasayan IPO Prospectus

MCON Rasayan IPO DRHPDownload
MCON Rasayan IPO RHPDownload

MCON Rasayan IPO Rating

Our Rating3.5/5.0

MCON Rasayan Compnay Contact Information


Registered Office: 101/A, 1st floor, Maxheal House, Plot-169, CTS-104 Bangur Nagar,
Goregaon West, Near Ayyappa Temple, Mumbai- 400090, Maharashtra, India.
Tel: +91 8655988698
Contact Person: Mr. Kunal Ashok Borkar, Company Secretary and Compliance Officer
E-mail id:
Corporate Identity Number: U24304MH2016PLC286140

MCON Rasayan IPO Registrar

Link Intime India Private Limited

Registered Office: C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg
Vikhroli (West), Mumbai 400 083 Maharashtra, India
Telephone: +91 810 811 4949
E-mail id:
Investor Grievance E-mail ID:
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
CIN No: U67190MH1999PTC118368

MCON Rasayan IPO Lead Manager

GYR Capital Advisors Private Limited

Registered Office: 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej,
Ahemdabad-380 054, Gujarat, India.
Telephone: +91 8777564648
E-mail id:
Investor Grievance e-mail id:
Contact Person: Mohit Baid
SEBI Registration Number: INM000012810
CIN: U67200GJ2017PTC096908


What is the lot size of MCON Rasayan IPO?

The total size of MCON Rasayan IPO is ₹6.84 crores and this is a complete fresh Issue.

When will MCON Rasayan IPO start?

MCON Rasayan IPO will Open from 06 March 2023 and IPO will Close on 10 March 2023.

What is the open date of MCON Rasayan IPO?

MCON Rasayan IPO will start from 06 March 2023.

What is the last date ( close date ) of MCON Rasayan IPO?

MCON Rasayan IPO will close from 10 March 2023.

What is the price band of MCON Rasayan IPO?

MCON Rasayan IPO Price Band is ₹40.

What is the minimum amount required to apply for MCON Rasayan IPO?

The minimum investment for retailers to apply for MCON Rasayan IPO is ₹120,000 and the maximum investment is ₹120,000.

What is going on gray market premium of MCON Rasayan IPO?

View gray market premium of MCON Rasayan IPO by Clicking Here

How much is the GMP of MCON Rasayan IPO?

Watch MCON Rasayan IPO GMP Today: Click Here

What is the allotment date of MCON Rasayan IPO?

The allotment date of MCON Rasayan IPO is 15 March 2023.

How to check allotment status in MCON Rasayan IPO?

To check the allotment status of MCON Rasayan IPO, first of all go to the registrar website by clicking here, select your bad MCON Rasayan IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of MCON Rasayan IPO?

The listing date of MCON Rasayan IPO is 20 March 2023.

How much will be the listing gain in MCON Rasayan IPO?

View listing gain of MCON Rasayan IPO by Clicking Here

How much time MCON Rasayan IPO is subscribed?

Total 384.64 times subscribed in MCON Rasayan IPO out of which 453.41 times subscription was done in retail quota and 307.09 times subscription in NII quota.

How to apply for MCON Rasayan IPO from Upstox?

Click Here to see how to apply for MCON Rasayan IPO from Upstox. (step by step)

How to apply for MCON Rasayan IPO from Zerodha?

Click Here to see how to apply for MCON Rasayan IPO from Zerodha. (step by step)

How to apply for MCON Rasayan IPO from Angle One?

Click Here to see how to apply for MCON Rasayan IPO from Angle One. (step by step)

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