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MCON Rasayan IPO vs Quality Foils IPO

Comparison between MCON Rasayan IPO and Quality Foils IPO.

IPO Details

MCON Rasayan IPO is a SME Fixed Price IPO proposed to list at NSE SME while Quality Foils IPO is a SME Fixed Price proposed to list at NSE SME.

 MCON Rasayan IPOQuality Foils IPO
LogoMCON Rasayan IPO LogoQuality Foils IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Khambatta Securities Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerEcono Broking Pvt.Ltd.Khambatta Securities 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 Quality Foils IPO is up to ₹4.30 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Quality Foils IPO is ₹60.00 per share.

 MCON Rasayan IPOQuality Foils IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹40.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size16,20,000 shares7,16,000 shares
Fresh Issue Size (Amount)up to ₹6.48 Crup to ₹4.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,20,000 shares7,16,000 shares
Issue Size Total (Amount)up to ₹6.48 Crup to ₹4.30 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while Quality Foils IPO opens on Mar 14, 2023. The closing date of MCON Rasayan IPO and Quality Foils IPO is Mar 10, 2023, and Mar 16, 2023, respectively.

 MCON Rasayan IPOQuality Foils IPO
Anchor Bid Date
Issue OpenMar 06, 2023Mar 14, 2023
Issue CloseMar 10, 2023Mar 16, 2023
Basis Of Allotment (Tentative)Mar 15, 2023Mar 21, 2023
Initiation of Refunds (Tentative)Mar 16, 2023Mar 22, 2023
Credit of Share (Tentative)Mar 17, 2023Mar 23, 2023
Listing date (Tentative)Mar 20, 2023Mar 24, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

MCON Rasayan IPO P/E ratio is 14.71, as compared to Quality Foils IPO P/E ratio of 4.16.

 MCON Rasayan IPOQuality Foils 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
Quality Foils (India) Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-206,606.5315,210.77107.871,773.531,633.53
31-Mar-216,536.5312,436.6795.861,869.391,729.39
31-Mar-227,834.5518,030.63161.882,031.271,891.27
30-Sep-227,135.2110,471.59205.992,237.262,097.26
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)91.4572.80
Promoter Shareholding (Post-Issue)66.64
P/E Ratio14.714.16
Market Cap₹25.22 Cr.₹17.12 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 Quality Foils IPO retail investors are offered 8,10,000 shares. Qualified Institutional Buyers (QIB) are offered in MCON Rasayan IPO and in Quality Foils IPO.

 MCON Rasayan IPOQuality Foils IPO
Anchor Investor Reserveration
Market Maker Reserveration90,000 shares38,000 shares
QIB
NII8,10,000 shares3,58,000 shares
RII8,10,000 shares3,58,000 shares
Employee
Others
Total16,20,000 shares7,16,000 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas Quality Foils IPO subscribed 364.38x.

 MCON Rasayan IPOQuality Foils IPO
QIB (times)
NII (times)307.09x464.50x
Big NII (times)
Small NII (times)
RII (times)453.41x259.65x
Employee (times)
Other (times)
Total (times)384.64x364.38x