MCON Rasayan IPO vs Srivasavi Adhesive Tapes IPO

Comparison between MCON Rasayan IPO and Srivasavi Adhesive Tapes IPO.

IPO Details

MCON Rasayan IPO is a SME Fixed Price IPO proposed to list at NSE SME while Srivasavi Adhesive Tapes IPO is a SME Fixed Price proposed to list at NSE 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 Srivasavi Adhesive Tapes IPO is up to ₹14.71 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Srivasavi Adhesive Tapes IPO is ₹41.00 per share.

 MCON Rasayan IPOSrivasavi Adhesive Tapes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹40.00 per share₹41.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares3000 shares
Fresh Issue Size16,20,000 shares35,88,000 shares
Fresh Issue Size (Amount)up to ₹6.48 Crup to ₹14.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,20,000 shares35,88,000 shares
Issue Size Total (Amount)up to ₹6.48 Crup to ₹14.71 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023. The closing date of MCON Rasayan IPO and Srivasavi Adhesive Tapes IPO is Mar 10, 2023, and Feb 28, 2023, respectively.

Financials & KPIs

MCON Rasayan IPO P/E ratio is 14.71, as compared to Srivasavi Adhesive Tapes IPO P/E ratio of 16.08.

 MCON Rasayan IPOSrivasavi Adhesive Tapes IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets17.7814.468.327.76
Total Income13.0519.229.008.97
Profit After Tax0.860.440.190.04
NET Worth4.572.211.781.11
Reserves and Surplus2.690.710.280.10
Total Borrowing6.437.413.473.22
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets30.5227.6322.6420.39
Total Income30.7363.9255.6746.35
Profit After Tax1.813.621.871.01
NET Worth12.2410.446.814.94
Reserves and Surplus1.859.195.573.69
Total Borrowing6.006.073.955.73
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.4599.84
Promoter Shareholding (Post-Issue)66.6473.21
P/E Ratio14.7116.08
Market Cap₹25.22 Cr.₹58.11 Cr.
ROE20.0641.99
ROCE9.9352.29
Debt/Equity3.350.58
EPS₹2.96₹3.48
RoNW20.0634.7

Shares Offered

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

 MCON Rasayan IPOSrivasavi Adhesive Tapes IPO
Anchor Investor Reservation
Market Maker Reservation90,000 shares1,92,000 shares
QIB
NII8,10,000 shares17,94,000 shares
RII8,10,000 shares17,94,000 shares
Employee
Others
Total16,20,000 shares35,88,000 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas Srivasavi Adhesive Tapes IPO subscribed 7.75x.

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MCON Rasayan IPO Vs Srivasavi Adhesive Tapes IPO