MCON Rasayan India Limited (NSE SME)
March 6, 2023 – March 10, 2023
| Price | ₹40 - ₹40 |
| Premium | ₹14 |
|---|---|
| Lot size | 3000 |
| Allotment | Mar 15, 2023 |
| Listing | Mar 20, 2023 |
MCON Rasayan India Limited
101/A, 1st floor, Maxheal House, Plot-169
CTS-104 Bangur Nagar, Goregaon West,
Near Ayyappa Temple, Mumbai- 400090
Phone: +91 86559 88698
Email: compliance@mconrasayan.com
Website: http://www.mconrasayan.com/
| Investor Category | Subscription (times) |
|---|---|
| Others | 307.09 |
| Retail Investors | 453.41 |
| Total | 384.64 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 120000 | 0 |
| HNI | 2 | 6000 | 240000 | 0 |
| Issue Size | 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr) |
| Fresh Issue | 1,710,000 shares of ₹10 (aggregating up to ₹6.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Company Promoters | Mahesh Ravji Bhanushali is the Promoter of the Company. |
Incorporated in 2016, MCON Rasayan India Limited is in the business of manufacturing, marketing, and selling of modern building materials and construction chemicals. The company has a suite of more than 80 products including a range of construction materials and construction chemicals in both powder and liquid forms.
Powder products of the company are:
- Ready mix plaster
- Tile adhesives
- Block adhesives
- Wall putty
- Micro concrete & polymer mortar
- Engineering non-shrink grouts
- Floor hardeners
Liquid Form products include:
- Poly-urethane (PU) based liquid membrane
- Bonding agents
- Paints
- Anti-corrosive coatings
- Concrete admixtures
- Curing compounds
The products of 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 Sarigam, Valsad, Gujarat mainly engages in the manufacturing of admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems and has an installed capacity of 2,500 MTPA. And the plant in Navsari, Gujarat manufactures readymix mortars, block adhesives, and tile adhesives and has an installed capacity of 12,500 MTPA.
The top 10 products of MCON are as under 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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 776.02 | 896.95 | 3.61 | 110.72 | 9.72 | 321.61 |
| 31-Mar-21 | 831.81 | 899.78 | 18.68 | 178.40 | 28.40 | 346.58 |
| 31-Mar-22 | 1,446.31 | 1,922.36 | 44.40 | 221.29 | 71.29 | 740.85 |
| 30-Jun-22 | 1,550.95 | 654.28 | 23.47 | 244.76 | 94.76 | 752.33 |
| Amount in ₹ Lakhs | ||||||