The gray market premium for the unlisted shares of Amcon Chemicals is Rs 20.
Amcon Chemicals IPO received bids for 62,31,09,000 shares on Friday; It got 36,72,60,000 subscriptions in the retail category and 24,87,42,000 subscriptions in the NII category.
The IPO of Amcon Chemicals India Limited, for which public subscription opened on Friday, March 10, will be listed on NSE SME on March 20. SME IPO Till the end of Friday, the last day of bidding, 62.31 subscriptions were received. Check its GMP, quota-wise subscription and listing date, inter alia:
MCON Rasayan India IPO: Gray Market Premium
According to market watchers, the gray market premium (GMP) for unlisted shares of Amcon Chemicals currently stands at Rs 20. Accordingly, the estimated listing price for MCON Chemicals India SME IPO is Rs 60 against a price band of Rs 40.
MCON Rasayan India IPO Listing
MCON Rasayan India will see its listing on NSE SME on March 20. The lead manager to MCON Rasayan India SME IPO is GYR Capital Advisors Private Limited.
MCON Rasayan India IPO Subscription
Amcon Chemicals IPO received bids for 62,31,09,000 shares on Friday. It got 36,72,60,000 subscriptions in the retail category and 24,87,42,000 subscriptions in the NII category.
About MCON Rasayan India
MCON Chemicals, which is expected to raise Rs 8 crore through this NSE SME IPO, is a manufacturer and supplier of high quality construction chemicals and building construction products in India and overseas. The company is certified as an ISO 9001: 2015, ISO 14001:2015 and ISO 45001:2018 company. It has over 80 products, including building materials and construction chemicals in both powder and liquid forms.
The powder product range includes ready mix plasters, tile adhesives, block adhesives, wall putty, micro concrete and polymer mortars, engineering non-shrink grouts and floor hardeners. The liquid product range includes poly-urethane (PU) based liquid membranes, bonding agents, paints, anti-corrosive coatings, concrete admixtures, and curing compounds.
The company has manufacturing plants, one each at Valsad and Navsari, Gujarat. Our plant at GIDC Sarigam, Valsad, Gujarat primarily manufactures admixtures, wall putty, tile adhesives, paints, concrete repair systems and waterproofing systems and has an installed capacity of 2,500 MTPA.
“Our second plant at Chikli, Navsari, Gujarat primarily manufactures readymix mortar, block adhesive and tile adhesive and has an installed capacity of 12,500 MTPA. Our third plant is an under construction greenfield project at Ambethi, Valsad and is expected to be commissioned by the end of FY2023. By the end of the financial year, our total installed manufacturing capacity will be 36,000 MTPA for powder products and 6,000 MTPA for liquid products. 2023,” said MCON Chemicals India.
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