Zerodha > Trade @ ₹20 (Free Delivery)Know More
Free Account Opening + AMC Free Demat

MCON Rasayan IPO vs ResGen IPO

Comparison between MCON Rasayan IPO and ResGen IPO.

IPO Details

MCON Rasayan IPO is a SME Bookbuilding IPO proposed to list at NSE SME while ResGen IPO is a SME Bookbuilding proposed to list at BSE SME.

 MCON Rasayan IPOResGen IPO
LogoMCON Rasayan IPO LogoResGen IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerEcono Broking Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of MCON Rasayan IPO is up to ₹6.48 Cr whereas the issue size of the ResGen IPO is up to ₹26.79 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of ResGen IPO is ₹47.00 per share.

 MCON Rasayan IPOResGen IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹45.00 per share
Issue Price (Upper)₹47.00 per share
Issue Price (Final)₹40.00 per share₹47.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares3000 shares
Fresh Issue Size16,20,000 shares57,00,000 shares
Fresh Issue Size (Amount)up to ₹6.48 Crup to ₹26.79 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,20,000 shares57,00,000 shares
Issue Size Total (Amount)up to ₹6.48 Crup to ₹26.79 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while ResGen IPO opens on Feb 28, 2023. The closing date of MCON Rasayan IPO and ResGen IPO is Mar 10, 2023, and Mar 02, 2023, respectively.

 MCON Rasayan IPOResGen IPO
Anchor Bid DateFeb 27, 2023
Issue OpenMar 06, 2023Feb 28, 2023
Issue CloseMar 10, 2023Mar 02, 2023
Basis Of Allotment (Tentative)Mar 15, 2023Mar 08, 2023
Initiation of Refunds (Tentative)Mar 16, 2023Mar 09, 2023
Credit of Share (Tentative)Mar 17, 2023Mar 10, 2023
Listing date (Tentative)Mar 20, 2023Mar 13, 2023
Anchor Lockin End date 1Apr 07, 2023
Anchor Lockin End date 2Jun 06, 2023

Financials & KPIs

MCON Rasayan IPO P/E ratio is 14.71, as compared to ResGen IPO P/E ratio of 27.33.

 MCON Rasayan IPOResGen IPO
Financials
MCON Rasayan India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20776.02896.953.61110.729.72321.61
31-Mar-21831.81899.7818.68178.4028.40346.58
31-Mar-221,446.311,922.3644.40221.2971.29740.85
30-Sep-221,777.531,304.6785.64456.93269.43642.63
Amount in ₹ Lakhs
ResGen Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20161.78-15.15136.13-18.3724.05
31-Mar-211,110.012.000.63136.76-17.74961.33
31-Mar-221,371.31480.8173.50367.46147.46932.92
05-Dec-223,917.971,265.34246.441,510.301,091.101,486.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)91.4594.15
Promoter Shareholding (Post-Issue)66.6467.22
P/E Ratio14.7127.33
Market Cap₹25.22 Cr.₹98.58 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the MCON Rasayan IPO Retail Individual Investors (RII) are offered 8,10,000 shares while in ResGen IPO retail investors are offered 8,10,000 shares. Qualified Institutional Buyers (QIB) are offered in MCON Rasayan IPO and 11,28,000 shares in ResGen IPO.

 MCON Rasayan IPOResGen IPO
Anchor Investor Reserveration16,92,000 shares
Market Maker Reserveration90,000 shares3,00,000 shares
QIB11,28,000 shares
NII8,10,000 shares8,82,000 shares
RII8,10,000 shares19,98,000 shares
Employee
Others
Total16,20,000 shares57,00,000 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas ResGen IPO subscribed 2.50x.

 MCON Rasayan IPOResGen IPO
QIB (times)1.09x
NII (times)307.09x3.87x
Big NII (times)
Small NII (times)
RII (times)453.41x3.88x
Employee (times)
Other (times)
Total (times)384.64x2.50x