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IPO

IPO Synopsis
MCON Rasayan India Ltd
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 Rs40.00-0.00 Rs0.00-0.00
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 Rs40.00  
 
Projects
Funding the Working Capital Requirements of the CompanyGeneral Corporate Purposes
Promoted By
Mahesh Rajiv Bhanushali
Listing At
NSE - SME 
Registrar to the Issue
Link Intime India Pvt Ltd