MCON Rasayan India Limited IPO
MCON Rasayan India Limited was a SME IPO in the Other Construction Materials sector, offered at ₹40–₹40 per share to raise ₹7 crore. It listed on 20 Mar 2023 at ₹48 and closed its first day at ₹50, a listing gain of +26.0% versus the ₹40 issue price. It now trades around ₹38 (-5.2% versus the issue price).
Frequently asked questions
- What were the MCON Rasayan India Limited IPO listing gains?
- MCON Rasayan India Limited listed on 20 Mar 2023 at ₹48, closing its first day at ₹50 — a listing gain of +26.0% versus the ₹40 issue price.
- What was the price band and lot size of the MCON Rasayan India Limited IPO?
- The price band was ₹40–₹40 per share, with a minimum lot of 3,000 shares (₹1,20,000 at the upper band).
- Who were the registrar and lead manager for the MCON Rasayan India Limited IPO?
- Link Intime India Private Limited was the registrar, and GYR Capital Advisors was the book-running lead manager.