MCON Rasayan India Ltd - IPO

MCON Rasayan India Ltd IPO Details

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.

Objective of issue

Funding the Working Capital Requirements of the Company. General Corporate Purposes.

MCON Rasayan India Ltd Contact Details

MCON Rasayan India Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@mconrasayan.com

Website - www.mconrasayan.com