The gray market premium for MCON Rasayan’s unlisted shares stands at Rs 20.
MCON Rasayan IPO receives bids for 62,31,09,000 shares on Friday; it bought 36,72,60,000 subscriptions within the retail class and 24,87,42,000 within the NII class
MCON Rasayan India Ltd’s IPO, whose public subscription commenced on Friday, March 10, will see its itemizing on the NSE SME on March 20. The SME IPO acquired 62.31 subscriptions until the top of Friday, the final day of bidding. Verify its GMP, quota-wise subscription and itemizing date, amongst others:
MCON Rasayan India IPO: Gray Market Premium
At present, the gray market premium (GMP) for MCON Rasayan’s unlisted shares stands at Rs 20, in keeping with market watchers. As per this, the projected itemizing value for the MCON Rasayan India SME IPO is Rs 60, in contrast with the worth band of 40.
MCON Rasayan India IPO Itemizing
MCON Rasayan India will see its itemizing on the NSE SME on March 20. The lead supervisor for the MCON Rasayan India SME IPO is GYR Capital Advisors Non-public Ltd.
MCON Rasayan India IPO Subscription
MCON Rasayan IPO acquired bids for 62,31,09,000 shares on Friday. It bought 36,72,60,000 subscriptions within the retail class and 24,87,42,000 within the NII class.
About MCON Rasayan India
MCON Rasayan, which is anticipated to lift Rs 8 crore by way of this NSE SME IPO, is a producer and provider of high-quality building chemical substances and constructing ending merchandise in India and overseas. The corporate is licensed as an ISO 9001: 2015, ISO 14001:2015 & ISO 45001:2018 Firm. It has over 80 merchandise, together with building supplies and building chemical substances in each powder and liquid types.
The powder product vary contains prepared combine plaster, tile adhesives, block adhesives, wall putty, micro concrete and polymer mortar, engineering non-shrink grouts, and ground hardeners. The liquid product vary contains poly-urethane (PU)-based liquid membranes, bonding brokers, paints, anti-corrosive coatings, concrete admixtures, and curing compounds.
The corporate has manufacturing crops, one every in Valsad and Navsari, Gujarat. Our plant at GIDC Sarigam, Valsad, Gujarat primarily manufactures admixtures, wall putty, tile adhesives, paints, concrete restore techniques and waterproofing techniques and has an put in capability of two,500 MTPA.
“Our different plant at Chikli, Navsari, Gujarat primarily manufactures readymix mortars, block adhesives and tile adhesives and has an put in capability of 12,500 MTPA. Our third plant is a greenfield mission under-construction at Ambethi, Valsad and is anticipated to be operational by the top of FY 2023. Our whole put in manufacturing capability shall be 36,000 MTPA for powder merchandise and 6,000 MTPA for liquid merchandise by the top of FY 2023,” MCON Rasayan India stated.
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