Published : 2 Mar 2023

Open Date

06 Mar 2023

09 Mar 2023



Close Date

Lot Size

IPO Size

Listing At


Listing Date

20 Mar 2023

Price Range

₹ 40 per share 

MCON Rasayan is primarily engaged in the business of manufacturing, marketing and selling of modern building materials and construction chemicals with a suite of more than 80 products which includes a range of construction materials and construction chemicals in both powder and liquid forms. 

The IPO comprises of fresh issue of 1,710,000 equity shares which aggregates the issue size to Rs. 6.84cr.

The objective of the MCON Rasayan IPO: The net proceeds from the issue will be used for: •    Funding the working capital requirements of the company •    General Corporate Purposes 

The MCON Rasayan IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

The allotment date of MCON Rasayan IPO is set for 15th March.

MCON Rasayan IPO is promoted by Mahesh Ravji Bhanushali.

GYR Capital Advisors Limited is the book running lead managers to the issue.