31 Mar 2020
Assets7.76
Total Income8.97
Profit After Tax0.04
NET Worth1.11
Reserves and Surplus0.10
Total Borrowing3.22
At a glance
Updated 2026-09-17The shares listed at ₹48.00, a 20.00% move from the issue price. MCON Rasayan India is a SME IPO with an issue size of ₹6.84 crore, proposed for listing on NSE SME. The offer opens on 6th Mar 2023 and closes on 10th Mar 2023. The issue structure includes a fresh issue of ₹6.48 crore. The current listing schedule points to 20th Mar 2023.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹6.84 Cr
Fresh issue₹6.48 Cr
Face value₹10
Price band—–—
Allotment15th Mar 2023
Listing20th Mar 2023
Listing performance
Full performance ↗Issue price₹40.00
Listing price₹48.00
Current price—
Listing gain20.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹14.00
GMP / upper priceNO DATA
Est. listing₹54.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens6th Mar 2023
Closes10th Mar 2023
Allotment15th Mar 2023
Refund16th Mar 2023
Demat17th Mar 2023
Listing20th Mar 2023
Subscription demand
Full bidding ↗Total380.25×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3000 | — |
Company
Incorporated2016
Use of proceeds
| Object | Amount |
|---|---|
| Funding the working capital requirements of the company | ₹4.50 Cr |
| General Corporate Purposes | ₹1.64 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue13.05₹ Cr · -32.1% vs prior year
PAT0.86₹ Cr · +95.5% vs prior year
Assets17.78₹ Cr · +23.0% vs prior year
Net Worth4.57₹ Cr · +106.8% vs prior year
Borrowing6.43₹ Cr · -13.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets8.32
Total Income9.00
Profit After Tax0.19
NET Worth1.78
Reserves and Surplus0.28
Total Borrowing3.47
31 Mar 2022
Assets14.46
Total Income19.22
Profit After Tax0.44
NET Worth2.21
Reserves and Surplus0.71
Total Borrowing7.41
30 Sep 2022
Assets17.78
Total Income13.05
Profit After Tax0.86
NET Worth4.57
Reserves and Surplus2.69
Total Borrowing6.43
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| EBITDA Margin |
Valuation & shareholding
Pre-IPO EPS2.96
Pre-IPO P/E14.71
Promoter holding pre91.45%
Promoter holding post66.64%
Market cap₹25.22 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| MCON Rasayan India IPO | — | 14.71 x | — | — |
| Arunaya Organics IPO | — | 21.21 x | — | — |
| Retina Paints IPO | — | 69.77 x | — | — |
| Srivasavi Adhesive IPO | — | 16.08 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Issue Management fees including Merchant Banking fees, underwriting fees, Market Making fee and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | ₹0.57 Cr |
| Advertising and Marketing Expenses | ₹0.05 Cr |
| Fees payable to the stock exchange(s) | ₹0.05 Cr |
| Printing & Stationery, Distribution, Postage, etc. | ₹0.02 Cr |
| Brokerage and Selling Commission | ₹0.01 Cr |
| Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | ₹0.02 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- GYR Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-17.
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