MCON Rasayan India Limited

Company Profile
Company Name MCON Rasayan India Limited
Open Date 06-03-2023
Close Date 10-03-2023
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 40 per share
Issue Size 17,10,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
MCON Rasayan India Limited was incorporated in the year 2016. Company is in the business of manufacturing, marketing and selling of modern building materials and construction chemicals with a suite of more than 80 products which includes a range of construction materials and construction chemicals in both powder and liquid forms. Company products are marketed and sold under the “MCON” brand. Company has manufacturing plants, one each in Valsad and Navsari, Gujarat. Company’s third plant is a greenfield project under-construction at Ambethi, Valsad and is expected to be operational by the end of FY 2023. Company have obtained certifications viz. ISO 9001:20152 (QMS), ISO 14001:2015 (EMS) and ISO 45001:2018 (OHSMS) and IS 15477:2019 for Adhesives. Company undertakes in-house research and development from our Navi Mumbai, Maharashtra based R&D facility.
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Summary of Financials (All financials in lakhs)

For the Period Ended Sept-22 Mar-22 Mar-21
Total Assets 1,777.53 1,446.31 831.81
Net Assets 456.93 221.29 178.40
Total Borrowings 642.63 740.85 346.58
Total Revenue 1,304.67 1,922.36 899.78
Profit After Tax 85.64 44.40 18.68

Tentative Timeline

Opening Date 06-03-2023
Closing Date 10-03-2023
Basis of Allotment 15-03-2023
Initiation of Refunds 16-03-2023
Credit of Shares to Demat 17-03-2023
Listing Date 20-03-2023

Objects of the Issue

Funding the working capital requirements of the company;
General Corporate Purposes.

Contact Information

Registered Office 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

Registrar Details

Name Link Intime India Private Ltd
Phone 91-22-4918 6270

IPO Reservation

Market Maker Shares Offered 90,000 (5.26%)
Other Shares Offered 8,10,000 (47.37%)
Retail Shares Offered 8,10,000 (47.37%)
Total Shares Offered 17,10,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 91.45%
Share Holding Post Issue (Promoters) 66.64%

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