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15 Days Price Change

MCON Rasayan India IPO

Closing In

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WEBSITE Inc. Year: 2016 Industry: Chemicals Listed Page

Profile
Issue Size --
Profile
Price Range 40  to  40 per share
Profile
Min Investment ₹40
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

MCON Rasayan India Limited is an Indian company that is engaged in the manufacture and marketing of specialty chemicals and construction materials. The company was founded in 1989 and is headquartered in Mumbai, Maharashtra. MCON Rasayan India Limited offers a wide range of specialty chemicals that are used in various industries, including construction, textiles, and agriculture. The company's products include concrete admixtures, water-proofing compounds, industrial flooring systems, and textile auxiliaries. MCON Rasayan India Limited has a state-of-the-art manufacturing facility that is equipped with the latest technology and machinery. The company's production process is designed to ensure that its products meet the highest standards of quality and consistency. In addition to its core business of specialty chemical production, The company also provides various services, including technical support and customised solutions. The company has established a strong distribution network, which enables it to reach customers across India and provide them with timely and efficient service. Read More

Basic Info

Face Value 10 per share

Price 40  to  40 per share

P/E (x) 11.8

Sales( Cr.) 51

PAT( Cr.) 2

EPS 3.4

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Mahesh Ravji Bhanushali

Pre Issue Share Holding 91.45%

Post Issue Share Holding 66.64%

Listing Details:

Listing Price: 48

Listing Gain: 16.67%

Current Price: 39.2

Gain On Issue: 39.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Mar 06, 2023
Closing Date Mar 10, 2023
Allotment Mar 13, 2023
Refund Mar 14, 2023
Delivery of Shares Mar 14, 2023
Listing Date Mar 15, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3000 120,000
Retail (Max) 1 3000 120,000
S-HNI (Min) 2 6000 240,000
S-HNI (Max) 8 24000 960,000
B-HNI (Min) 9 27000 1,080,000

Objective of the Issue

1. Funding the working capital requirements of the company 2. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 855000 262561950 307.1x
Retail 855000 387665550 453.4x
EMP 0 0 0x
Total 1710000 657734400 384.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

MCON Rasayan India Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9 9 19 31 42 51
Other Income 0 0 0 0 0 1
Total Income 9 9 19 31 43 51
Total Expenditure 8 8 18 28 37 45
Operating Profit 1 1 1 3 6 7
Interest 0 0 0 1 2 2
Depreciation 0 0 0 0 1 2
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 0 0 1 2 3 3
Provision for Tax 0 0 0 0 1 0
Profit After Tax 0 0 0 1 2 2
Adjustments 0 0 0 0 0 0
Profit After Adjustments 0 0 0 1 2 2
Adjusted Earnings Per Share 0.2 0.6 1.5 1.8 3.6 3.1

MCON Rasayan India Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 2 2 13 16 33
Minority's Interest 0 0 0 0 0 0
Borrowings 1 1 2 4 5 6
Other Non-Current Liabilities 0 0 -0 0 0 -0
Total Current Liabilities 5 5 10 13 24 32
Total Liabilities 8 8 14 30 46 71
Fixed Assets 1 1 1 7 10 15
Other Non-Current Assets 0 0 1 2 6 1
Total Current Assets 6 7 12 21 30 55
Total Assets 8 8 14 30 46 71

MCON Rasayan India Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 1
Cash Flow from Operating Activities -1 -0 -2 -5 4 -14
Cash Flow from Investing Activities -0 -0 -1 -5 -9 -2
Cash Flow from Financing Activities 1 0 3 10 6 17
Net Cash Inflow / Outflow -0 0 0 0 0 1
Closing Cash & Cash Equivalent 0 0 0 0 1 1

MCON Rasayan India Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.16 0.55 1.47 1.8 3.56 3.1
CEPS(Rs) 1.54 1.38 2.42 2.4 5.25 5.63
DPS(Rs) 0 0.1 0 0 0 0
Book NAV/Share(Rs) 4.87 5.29 7.11 21.22 24.77 45.22
Core EBITDA Margin(%) 7.51 10.13 7.46 8.64 12.58 11.53
EBIT Margin(%) 4.06 7.26 5.82 7.46 11.03 9.24
Pre Tax Margin(%) 0.58 2.82 3.59 4.95 7.43 5.3
PAT Margin (%) 0.4 2.08 2.58 3.66 5.32 4.48
Cash Profit Margin (%) 3.89 5.17 4.25 4.87 7.85 8.13
ROA(%) 0.47 2.34 4.38 5.1 5.92 3.91
ROE(%) 3.27 12.92 23.68 14.39 15.46 9.33
ROCE(%) 8.42 13.62 14.87 14.64 17.38 11.11
Receivable days 128.33 137.54 83.34 90.69 118.28 142.5
Inventory Days 55.69 76.9 64.04 64.02 76.99 144.46
Payable days 278.46 262.04 120.2 125.01 168.2 237.99
PER(x) 0 0 0 29.07 32.6 39.98
Price/Book(x) 0 0 0 2.47 4.68 2.74
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.47 0.55 0.46 1.33 2.1 2.15
EV/Core EBITDA(x) 6.2 5.28 6.13 15.29 15.46 16.7
Net Sales Growth(%) 0 0.13 114.03 61.5 35.75 20.46
EBIT Growth(%) 0 79.05 71.65 107 100.54 0.91
PAT Growth(%) 0 416.02 165.2 129.19 97.39 1.46
EPS Growth(%) 0 247.45 165.21 22.7 97.4 -12.73
Debt/Equity(x) 2.9 1.94 3.09 0.63 1.02 0.59
Current Ratio(x) 1.23 1.37 1.19 1.63 1.22 1.73
Quick Ratio(x) 0.97 0.89 0.75 1.12 0.76 0.82
Interest Cover(x) 1.17 1.63 2.61 2.97 3.06 2.34
Total Debt/Mcap(x) 0 0 0 0.26 0.22 0.22

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 21% 39% 41% 0%
Operating Profit CAGR 17% 91% 48% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -71% -27% NA% NA%
ROE Average 9% 13% 15% 13%
ROCE Average 11% 14% 14% 13%

Company Contact Information

MCON Rasayan India Ltd.

101 / A, 1st Floor, Maxheal House Plot-169, C T S-104, Bangur Nagar Near Ayyappa Temple, Goregaon (West)

IPO Lead Manager(s)

MCON Rasayan India Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

MCON Rasayan India Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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