MCON Rasayan IPO vs ResGen IPO

Comparision between MCON Rasayan IPO and ResGen IPO.

IPO Details

MCON Rasayan IPO is a SME Book Built Issue IPO proposed to list at NSE SME while ResGen IPO is a SME Book Built Issue proposed to list at BSE SME.

	MCON Rasayan IPO	ResGen IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Gretex Corporate Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Econo Broking Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of MCON Rasayan IPO is up to ₹6.84 Cr whereas the issue size of the ResGen IPO is up to ₹28.20 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 IPO	ResGen 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)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	17,10,000 shares	60,00,000 shares
Fresh Issue Size (Amount)	up to ₹6.84 Cr	up to ₹28.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,10,000 shares	60,00,000 shares
Issue Size Total (Amount)	up to ₹6.84 Cr	up to ₹28.20 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 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 14, 2023	Apr 07, 2023
Anchor Lockin End date 2	Jun 13, 2023	Jun 06, 2023

Financials

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

MCON Rasayan IPO

ResGen IPO

Financial

MCON Rasayan India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	776.02	896.95	3.61	110.72	9.72	321.61
31-Mar-21	831.81	899.78	18.68	178.40	28.40	346.58
31-Mar-22	1,446.31	1,922.36	44.40	221.29	71.29	740.85
30-Sep-22	1,777.53	1,304.67	85.64	456.93	269.43	642.63
Amount in ₹ Lakhs

ResGen Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	161.78		-15.15	136.13	-18.37	24.05
31-Mar-21	1,110.01	2.00	0.63	136.76	-17.74	961.33
31-Mar-22	1,371.31	480.81	73.50	367.46	147.46	932.92
05-Dec-22	3,917.97	1,265.34	246.44	1,510.30	1,091.10	1,486.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.45%

94.15%

Promoter Shareholding (Post-Issue)

66.64%

67.22%

P/E Ratio

14.71

27.33

Market Cap

₹25.22 Cr.

₹98.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the MCON Rasayan IPO retail 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 28,20,000 shares in ResGen IPO.

	MCON Rasayan IPO	ResGen IPO
Anchor Investor Reserveration
Market Maker Reserveration	90,000 shares	3,00,000 shares
QIB		28,20,000 shares
NII	8,10,000 shares	8,82,000 shares
RII	8,10,000 shares	19,98,000 shares
Employee
Others
Total	16,20,000 shares	57,00,000 shares

Bids Received (Subscription)

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

	MCON Rasayan IPO	ResGen IPO
QIB (times)		1.09x
NII (times)	307.09x	3.87x
Big NII (times)
Small NII (times)
RII (times)	453.41x	3.88x
Employee (times)
Other (times)
Total (times)	384.64x	2.50x

Compare with others

MCON Rasayan IPO	ResGen IPO
Bright Outdoor Media IPO	Sudarshan Pharma Industries IPO
Prospect Commodities IPO	Vertexplus Technologies IPO
Quality Foils (India) IPO	MCON Rasayan IPO
Sudarshan Pharma Industries IPO	Systango Technologies IPO
Vertexplus Technologies IPO	Amanaya Ventures IPO
Systango Technologies IPO	Srivasavi Adhesive Tapes IPO
Amanaya Ventures IPO	SVJ Enterprises IPO
ResGen IPO	Sealmatic India IPO
Srivasavi Adhesive Tapes IPO	Macfos IPO
SVJ Enterprises IPO	ITCONS E-Solutions IPO

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