MCON Rasayan India IPO

Incorporated in 2016, MCON Rasayan India Limited is manufacturing, marketing, and sells modern building materials and construction chemicals. The company has a suite of more than 80 products, including various construction materials and construction chemicals in powder and liquid forms.

About Company

The company’s powder products 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 membranes, Bonding agents, Paints, Anti-corrosive coatings, Concrete admixtures, and 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 manufactures admixtures, wall putty, tile adhesives, paints, concrete repair systems, and waterproofing systems. It has an installed capacity of 2,500 MTPA. And the Navsari, Gujarat plant manufactures ready mix mortars, block adhesives, and tile adhesives and has an installed capacity of 12,500 MTPA.

Minimum Investment

₹120,000 / 1 Lots ( 3000 Shares )
Maximum Investment

₹120,000 / 1 Lots ( 3000 Shares )
Price Range

₹40
Issue Size

₹6.84 Cr
Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investors     
Retail Discount

To be announced

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 6, 2023
IPO Close Date

Mar 10, 2023
IPO Allotment Date

Mar 15, 2023
Initiation Of Refunds

Mar 16, 2023
Credit Of Shares To Demat Account

Mar 17, 2023
IPO Listing Date

Mar 20, 2023

IPO Subscription Status Live

Investor CategorySubscription (Times)
Retail Investors266.24
Non-Institutional Buyers89.60
Total178.92

IPO Subscription Details

DateNIIRetailTotal
Day 1
Mar 6, 2023
16.2332.7124.47
Day 2
Mar 8, 2023
33.03115.8774.45
Day 3
Mar 9, 2023
72.04241.77157.91
Day 4
Mar 10, 2023
89.60266.24178.92

MCON Rasayan India Ltd. IPO Objective 

  • Funding the working capital requirements of the company

  • General Corporate Purposes

Why should you invest in MCON Rasayan India Ltd. IPO?

Here are your top reasons to consider investing in the IPO:

  • They offer a comprehensive product portfolio in building construction materials.

  • With a steep rise in construction activities and higher import charges for construction chemicals, there are new opportunities for domestic construction chemical companies.

  • Allowing 100% FDI in the infrastructure sector will boost the growth of construction chemical companies.

IPO Financials

ParametersYear ending on As on 31st March, 2022 (₹ lakhs)Year ending on As on 31st March, 2021 (₹ lakhs)Year ending on As on 31st March, 2020 (₹ lakhs)
Revenue from operation1,921.65897.77896.62
Profit After Tax44.4018.683.61
EBITDA128.0491.3865.41
EBITDA Margin6.66%10.18%7.30%
EPS (Basic)2.961.250.32
Current Asset1,177.52685.91634.47
Current Liabilities463.79293.31333.93

Know before investing

Strengths

  • An increase in construction and infrastructure development activities will boost the sector.

  • They are associated with clients like developers, civil contractors, and architects for the marketing of their products.

  • They have an in-house research and development unit in Navi Mumbai, Maharashtra.

Risks

  • They depend on third-party suppliers for raw materials, which limits their control over the quality of the products.

  • Their revenue primarily comes from the top five customers.

  • The business is subject to seasonal variances and market cycles that result in fluctuating operations.

#ipo #stockmarket #bitcoin #money #trading #forextrader #investment #wallstreet #stocks #entrepreneur #forex #trader #investor #investing #cryptocurrency #invest #business #daytrader #binaryoptions #forexsignals #profit #success #finance #wealth #makemoneyonline #forexlifestyle #forextrading #motivation #millionaire #entrepreneurship #daytrading #thrillingsecurities #thrilling

Leave a Reply

Your email address will not be published. Required fields are marked *