MCON Rasayan India Limited
MCON Rasayan India Limited
MCON Rasayan Limited, incorporated in 2016, is engaged in manufacturing, advertising, and selling modern building materials, and construction chemicals. Being certified as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 organizations, they have maintained standard quality and consistency.
They have more than 80 products, including a range of building materials and chemical formulations in both liquid and powder form.
Some of the company’s powder products are tile adhesives, wall putty, ready-mix plaster, floor hardeners, micro concrete &polymer mortar, and engineering non-shrink grouts.
Some of the liquid-form products are paints, bonding agents, polyurethane, curing compounds, and anti-corrosive coatings.
The top 10 products that MCON is providing are:
- MCON Magic Coat PU White
- MCON Magic Coat WP
- MCON Mortar Grey
- MCON Polymer Mortar EP
- MCON Micro Mortar
- MCON Block Fix
- MCON Readyplaster
- MCON Wall Putty
- MCON Ultra Gyp Bond
- MCON Hard/Top Floor Metallic
Purpose of issuing an IPO
- To fulfill the working capital requirements
- to meet common corporate expenses
Company Financials (Amount in lakhs)
| Period Ended | Total Assets | Total Borrowing | Total Revenue | Net Worth |
| 31-Mar-21 | 831.81 | 346.58 | 899.78 | 178.40 |
| 31-Mar-22 | 1446.31 | 740.85 | 1922.36 | 221.29 |
| 30-Sep-22 | 1777.53 | 642.63 | 1304.67 | 456.93 |
IPO Details
| Opening Date | March 6, 2023 |
| Closing Date | Mar 10, 2023 |
| Listing Date | Mar 20, 2023 |
| Face Value | Rs.10 each share |
| Price | Rs.40 each share |
| Issue Size | 1,710,000 shares |
| Fresh Size | 1,710,000 shares |
| Listing At | NSE SME |
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