MCON Rasayan IPO vs Prospect Commodities IPO

Comparision between MCON Rasayan IPO and Prospect Commodities IPO.

IPO Details

MCON Rasayan IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Prospect Commodities IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	MCON Rasayan IPO	Prospect Commodities IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Econo Broking Private Limited	Beeline Broking Ltd.
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 Prospect Commodities IPO is up to ₹7.48 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Prospect Commodities IPO is ₹61.00 per share.

	MCON Rasayan IPO	Prospect Commodities IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	17,10,000 shares	12,26,000 shares
Fresh Issue Size (Amount)	up to ₹6.84 Cr	up to ₹7.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,10,000 shares	12,26,000 shares
Issue Size Total (Amount)	up to ₹6.84 Cr	up to ₹7.48 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while Prospect Commodities IPO opens on Mar 08, 2023. The closing date of MCON Rasayan IPO and Prospect Commodities IPO is Mar 10, 2023, and Mar 13, 2023, respectively.

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

Financials

MCON Rasayan IPO P/E ratio is 14.71, as compared to Prospect Commodities IPO P/E ratio of 31.44.

MCON Rasayan IPO

Prospect Commodities 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

Prospect Commodities Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1.05	0.00	-0.15	0.85	-0.15	0.05
30-Nov-22	977.07	839.98	52.85	293.70	52.70	363.57
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.45%

88.44%

Promoter Shareholding (Post-Issue)

66.64%

61.94%

P/E Ratio

14.71

31.44

Market Cap

₹25.22 Cr.

₹24.95 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 Prospect Commodities IPO retail investors are offered 8,10,000 shares. Qualified institutional buyers (QIB) are offered in MCON Rasayan IPO and in Prospect Commodities IPO.

	MCON Rasayan IPO	Prospect Commodities IPO
Anchor Investor Reserveration
Market Maker Reserveration	90,000 shares	62,000 shares
QIB
NII	8,10,000 shares	5,82,000 shares
RII	8,10,000 shares	5,82,000 shares
Employee
Others
Total	16,20,000 shares	11,64,000 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas Prospect Commodities IPO subscribed 5.31x.

	MCON Rasayan IPO	Prospect Commodities IPO
QIB (times)
NII (times)	307.09x	6.85x
Big NII (times)
Small NII (times)
RII (times)	453.41x	3.76x
Employee (times)
Other (times)
Total (times)	384.64x	5.31x

Compare with others

MCON Rasayan IPO	Prospect Commodities IPO
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Prospect Commodities IPO	Nirman Agri Genetics IPO
Quality Foils (India) IPO	Labelkraft Technologies IPO
Sudarshan Pharma Industries IPO	VELS Film International IPO
Vertexplus Technologies IPO	Bright Outdoor Media IPO
Systango Technologies IPO	Quality Foils (India) IPO
Amanaya Ventures IPO	Sudarshan Pharma Industries IPO
ResGen IPO	Vertexplus Technologies IPO
Srivasavi Adhesive Tapes IPO	MCON Rasayan IPO
SVJ Enterprises IPO	Systango Technologies IPO

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