
Chemicals & Construction Materials · NSE
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.
Price Band
₹40
Issue Size
₹6.84 Cr
Lot Size
3000 shares
GMP
+35.0%
Est. Listing
₹54
at current GMP
Subscribed
384.64x
overall
Open
6 Mar 2023
Close
10 Mar 2023
Allotment
15 Mar 2023
Refund
16 Mar 2023
Demat Credit
17 Mar 2023
Listing
20 Mar 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹40
Band: ₹40
Estimated Listing Price
₹54
Upper price + GMP
Lot Size
3000 shares
Min investment ₹1,20,000
Estimated Profit / Lot
₹42,000
3000 × ₹14
Grey Market Premium trend
+₹14
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹14 | 35.0% | ₹54 |
| 30 Oct 2026 | +₹14 | 35.0% | ₹54 |
| 29 Oct 2026 | +₹13 | 31.5% | ₹53 |
GMP is unofficial market data. Not a guarantee of listing performance.
MCON Rasayan India Limited is bringing an initial public offering (IPO) in the Chemicals & Construction Materials sector with an aggregate issue size of ₹6.84 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-03-10, the basis of allotment is scheduled to be finalized on 2023-03-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for MCON Rasayan India Limited IPO is ₹14, which indicates an expected listing price of ₹54.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.