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.
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.
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 IPO | ResGen IPO |
|---|
| Anchor Bid Date | | Feb 27, 2023 |
| Issue Open | Mar 06, 2023 | Feb 28, 2023 |
| Issue Close | Mar 10, 2023 | Mar 02, 2023 |
| Basis Of Allotment (Tentative) | Mar 15, 2023 | Mar 08, 2023 |
| Initiation of Refunds (Tentative) | Mar 16, 2023 | Mar 09, 2023 |
| Credit of Share (Tentative) | Mar 17, 2023 | Mar 10, 2023 |
| Listing date (Tentative) | Mar 20, 2023 | Mar 13, 2023 |
| Anchor Lockin End date 1 | | Apr 07, 2023 |
| Anchor Lockin End date 2 | | Jun 06, 2023 |
Financials & KPIs
MCON Rasayan IPO P/E ratio is 14.71, as compared to ResGen IPO P/E ratio of 27.33.
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 IPO | ResGen IPO |
|---|
| Anchor Investor Reservation | | 16,92,000 shares |
| Market Maker Reservation | 90,000 shares | 3,00,000 shares |
| QIB | | 11,28,000 shares |
| NII | 8,10,000 shares | 8,82,000 shares |
| RII | 8,10,000 shares | 19,98,000 shares |
| Total | 16,20,000 shares | 57,00,000 shares |
Bids Received (Subscription)
MCON Rasayan IPO subscribed 380.25x in total, whereas ResGen IPO subscribed 2.50x.
