Comparison between MCON Rasayan IPO and Prospect Commodities IPO.
IPO Details
MCON Rasayan IPO is a SME Fixed Price IPO proposed to list at NSE SME while Prospect Commodities IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of MCON Rasayan IPO is up to ₹6.48 Cr whereas the issue size of the Prospect Commodities IPO is up to ₹7.10 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Prospect Commodities IPO is ₹61.00 per share.
IPO Timetable
MCON Rasayan IPO opens on Mar 06, 2023, while Prospect Commodities IPO opens on Mar 08, 2023. The closing date of MCON Rasayan IPO and Prospect Commodities IPO is Mar 10, 2023, and Mar 13, 2023, respectively.
| | MCON Rasayan IPO | Prospect Commodities IPO |
|---|
| Issue Open | Mar 06, 2023 | Mar 08, 2023 |
| Issue Close | Mar 10, 2023 | Mar 13, 2023 |
| Basis Of Allotment (Tentative) | Mar 15, 2023 | Mar 16, 2023 |
| Initiation of Refunds (Tentative) | Mar 16, 2023 | Mar 17, 2023 |
| Credit of Share (Tentative) | Mar 17, 2023 | Mar 20, 2023 |
| Listing date (Tentative) | Mar 20, 2023 | Mar 20, 2023 |
Financials & KPIs
MCON Rasayan IPO P/E ratio is 14.71, as compared to Prospect Commodities IPO P/E ratio of 31.44.
Shares Offered
In the MCON Rasayan IPO Retail Individual Investors (RII) are offered 8,10,000 shares while in Prospect Commodities IPO retail investors are offered 8,10,000 shares. Qualified Institutional Buyers (QIB) are offered in MCON Rasayan IPO and in Prospect Commodities IPO.
| | MCON Rasayan IPO | Prospect Commodities IPO |
|---|
| Market Maker Reservation | 90,000 shares | 62,000 shares |
| NII | 8,10,000 shares | 5,82,000 shares |
| RII | 8,10,000 shares | 5,82,000 shares |
| Total | 16,20,000 shares | 11,64,000 shares |
Bids Received (Subscription)
MCON Rasayan IPO subscribed 380.25x in total, whereas Prospect Commodities IPO subscribed 5.31x.
