MCON Rasayan India Limited
ListedSMEChemicals & 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
₹14
+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 12 days ago
Overall Subscription
384.64x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 855,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 256,500 | — | 0.00x |
| Retail Individual (RII) | 598,500 | — | 0.00x |
| Total | 1,710,000 | 0 | 384.64x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 200 | 76,928 | 384.64x |
| HNIs (10L +) | 1 | 385 | 385.00x |
| HNIs (2-10L) | 6 | 2,308 | 384.67x |
| Total Applications | 207 | 79,621 | 384.64x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About MCON Rasayan India Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is MCON Rasayan India Limited IPO GMP today?
The latest Grey Market Premium (GMP) for MCON Rasayan India Limited IPO is ₹14 per equity share. Based on the upper price band of ₹40 to ₹40 per equity share, the estimated listing price is ₹54 (+35.0% expected listing gain).
What is the expected profit per lot for MCON Rasayan India Limited IPO?
With a lot size of 3000 shares and current GMP of ₹14, the expected profit per application lot is approx ₹42,000 (+35.0% gain). Minimum application cost is approx ₹1,20,000.
What is the issue size and price band for MCON Rasayan India Limited IPO?
The MCON Rasayan India Limited IPO aggregate issue size is ₹6.84 Crores with an equity price band set at ₹40 to ₹40 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
How can I check MCON Rasayan India Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 384.64x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
Where and when will MCON Rasayan India Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-03-15. Investors can verify status using PAN card or application number.
When is the listing date for MCON Rasayan India Limited IPO?
MCON Rasayan India Limited shares are scheduled to list on NSE on 2023-03-20.