MCON Rasayan IPO vs Sudarshan Pharma Industries IPO

Comparision between MCON Rasayan IPO and Sudarshan Pharma Industries IPO.

IPO Details

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

	MCON Rasayan IPO	Sudarshan Pharma Industries 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	Kfin Technologies Limited
Market Maker	Econo Broking Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		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 Sudarshan Pharma Industries IPO is up to ₹50.10 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Sudarshan Pharma Industries IPO is ₹73.00 per share.

	MCON Rasayan IPO	Sudarshan Pharma Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹71.00 per share
Issue Price (Upper)		₹73.00 per share
Issue Price (Final)	₹40.00 per share	₹73.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	17,10,000 shares	68,62,400 shares
Fresh Issue Size (Amount)	up to ₹6.84 Cr	up to ₹50.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,10,000 shares	68,62,400 shares
Issue Size Total (Amount)	up to ₹6.84 Cr	up to ₹50.10 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while Sudarshan Pharma Industries IPO opens on Mar 09, 2023. The closing date of MCON Rasayan IPO and Sudarshan Pharma Industries IPO is Mar 10, 2023, and Mar 14, 2023, respectively.

	MCON Rasayan IPO	Sudarshan Pharma Industries IPO
Anchor Bid Date		Mar 08, 2023
Issue Open	Mar 06, 2023	Mar 09, 2023
Issue Close	Mar 10, 2023	Mar 14, 2023
Basis Of Allotment (Tentative)	Mar 15, 2023	Mar 17, 2023
Initiation of Refunds (Tentative)	Mar 16, 2023	Mar 20, 2023
Credit of Share (Tentative)	Mar 17, 2023	Mar 21, 2023
Listing date (Tentative)	Mar 20, 2023	Mar 22, 2023
Anchor Lockin End date 1	Apr 14, 2023	Apr 16, 2023
Anchor Lockin End date 2	Jun 13, 2023	Jun 15, 2023

Financials

MCON Rasayan IPO P/E ratio is 14.71, as compared to Sudarshan Pharma Industries IPO P/E ratio of 24.33.

MCON Rasayan IPO

Sudarshan Pharma Industries 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

Sudarshan Pharma Industries Ltd Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	9,926.02	19,372.82	267.12	2,250.74	1,296.05	2,977.09
31-Mar-22	13,752.18	35,755.89	530.37	2,977.53	2,002.63	3,059.24
30-Sep-22	16,402.22	19,589.87	360.70	5,108.79	3,996.89	4,940.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.45%

80.28%

Promoter Shareholding (Post-Issue)

66.64%

P/E Ratio

14.71

24.33

Market Cap

₹25.22 Cr.

₹175.68 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 Sudarshan Pharma Industries IPO retail investors are offered 8,10,000 shares. Qualified institutional buyers (QIB) are offered in MCON Rasayan IPO and 5,21,600 shares in Sudarshan Pharma Industries IPO.

	MCON Rasayan IPO	Sudarshan Pharma Industries IPO
Anchor Investor Reserveration		7,80,800 shares
Market Maker Reserveration	90,000 shares	3,44,000 shares
QIB		5,21,600 shares
NII	8,10,000 shares	19,08,800 shares
RII	8,10,000 shares	36,51,200 shares
Employee
Others
Total	16,20,000 shares	60,81,600 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas Sudarshan Pharma Industries IPO subscribed 1.06x.

	MCON Rasayan IPO	Sudarshan Pharma Industries IPO
QIB (times)		1.01x
NII (times)	307.09x	0.81x
Big NII (times)
Small NII (times)
RII (times)	453.41x	1.20x
Employee (times)
Other (times)
Total (times)	384.64x	1.06x

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Sudarshan Pharma Industries IPO	Prospect Commodities IPO
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