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MCON Rasayan India Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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MCON Rasayan India Ltd IPO

Registered Office: 101/A 1st Floor Maxheal House,Plot-169 CTS-104 Bangur Nagar , Mumbai - 400090 , Maharashtra , India.
Phone : 91 865598869   Fax:
Email :  compliance@mconrasayan.com  
Website :  www.mconrasayan.com
Public issue of 17,10,000 equity shares of face value (Rs)10 each ("Equity Shares") of Mcon Rasayan India Limited ("The Company" or the "Issuer") for cash at a price of (Rs)40 per equity share (including a securities premium of (Rs)30 per equity share) ("Issue Price"), aggregating (Rs)6.84 crores (the "Issue"). 90,000 equity shares aggregating to (Rs)0.36 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 16,20,000 equity shares of face value of (Rs)10 each at an issue price of (Rs)40 per equity share aggregating to (Rs)6.48 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.13 % and 25.70 % respectively of the post-issue paidup equity share capital of the company. The face value of the equity share is (Rs)10 each and the issue price is (Rs)40 the issue price is 4 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Mar-23 10-Mar-23 (Rs)40.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 6.14
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 6.84  
Post Issue Equity Share Capital 6.30  
Issue Price (Rs)40.00  
 
Projects
Funding the Working Capital Requirements of the CompanyGeneral Corporate Purposes
Promoted By
Mahesh Rajiv Bhanushali  
Listing At
NSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd