MCON Rasayan India Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹14(35.00%)
Premium (ELP)
MCON Rasayan India Limited's achieved publicly listed status following its IPO debut on Mar 20, 2023 at the NSE platform. The offering successfully mobilized 17,10,000 Shares, with 17,10,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹40 to ₹40, starting from minimum lots of 3000 shares. The subscription window from Mar 06, 2023 through Mar 10, 2023 enabled investor participation across market segments.
Share allocation was completed on Mar 15, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2016, MCON Rasayan India Limited is engaged in the manufacturing, marketing, and selling of modern building materials and construction chemicals. The company offers over 80 products under its brand "MCON," covering both powder and liquid forms. Its powder range includes ready-mix plaster, tile and block adhesives, wall putty, micro concrete, polymer mortar, grouts, and floor hardeners, while its liquid range features PU-based membranes, bonding agents, paints, anti-corrosive coatings, concrete admixtures, and curing compounds. MCON operates two manufacturing plants in Gujarat — one at Valsad with a capacity of 2,500 MTPA, focusing on admixtures, wall putty, and waterproofing systems, and another at Navsari with a 12,500 MTPA capacity for ready-mix mortars and adhesives. Some of its top products include MCON Magic Coat WP, MCON Magic Coat PU White, MCON Mortar/NSA Grey, MCON Micro Mortar, MCON Polymer Mortar EP, and MCON Block Fix.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mahesh Ravji Bhanushali
MCON Rasayan India Limited
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