MCON Rasayan IPO vs Quality Foils (India) IPO

Comparision between MCON Rasayan IPO and Quality Foils (India) IPO.

IPO Details

MCON Rasayan IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Quality Foils (India) IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	MCON Rasayan IPO	Quality Foils (India) IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Khambatta Securities Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Econo Broking Private Limited	Khambatta Securities 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 Quality Foils (India) IPO is up to ₹4.52 Cr. The final issue price of MCON Rasayan IPO is ₹40.00 per share and of Quality Foils (India) IPO is ₹60.00 per share.

	MCON Rasayan IPO	Quality Foils (India) IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	17,10,000 shares	7,54,000 shares
Fresh Issue Size (Amount)	up to ₹6.84 Cr	up to ₹4.52 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,10,000 shares	7,54,000 shares
Issue Size Total (Amount)	up to ₹6.84 Cr	up to ₹4.52 Cr

IPO Timetable

MCON Rasayan IPO opens on Mar 06, 2023, while Quality Foils (India) IPO opens on Mar 14, 2023. The closing date of MCON Rasayan IPO and Quality Foils (India) IPO is Mar 10, 2023, and Mar 16, 2023, respectively.

	MCON Rasayan IPO	Quality Foils (India) IPO
Anchor Bid Date
Issue Open	Mar 06, 2023	Mar 14, 2023
Issue Close	Mar 10, 2023	Mar 16, 2023
Basis Of Allotment (Tentative)	Mar 15, 2023	Mar 21, 2023
Initiation of Refunds (Tentative)	Mar 16, 2023	Mar 22, 2023
Credit of Share (Tentative)	Mar 17, 2023	Mar 23, 2023
Listing date (Tentative)	Mar 20, 2023	Mar 24, 2023
Anchor Lockin End date 1	Apr 14, 2023	Apr 20, 2023
Anchor Lockin End date 2	Jun 13, 2023	Jun 19, 2023

Financials

MCON Rasayan IPO P/E ratio is 14.71, as compared to Quality Foils (India) IPO P/E ratio of 4.16.

MCON Rasayan IPO

Quality Foils (India) 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

Quality Foils (India) Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	6,606.53	15,210.77	107.87	1,773.53	1,633.53
31-Mar-21	6,536.53	12,436.67	95.86	1,869.39	1,729.39
31-Mar-22	7,834.55	18,030.63	161.88	2,031.27	1,891.27
30-Sep-22	7,135.21	10,471.59	205.99	2,237.26	2,097.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.45%

72.80%

Promoter Shareholding (Post-Issue)

66.64%

P/E Ratio

14.71

4.16

Market Cap

₹25.22 Cr.

₹17.12 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 Quality Foils (India) IPO retail investors are offered 8,10,000 shares. Qualified institutional buyers (QIB) are offered in MCON Rasayan IPO and in Quality Foils (India) IPO.

	MCON Rasayan IPO	Quality Foils (India) IPO
Anchor Investor Reserveration
Market Maker Reserveration	90,000 shares	38,000 shares
QIB
NII	8,10,000 shares	3,58,000 shares
RII	8,10,000 shares	3,58,000 shares
Employee
Others
Total	16,20,000 shares	7,16,000 shares

Bids Received (Subscription)

MCON Rasayan IPO subscribed 384.64x in total, whereas Quality Foils (India) IPO subscribed 364.38x.

	MCON Rasayan IPO	Quality Foils (India) IPO
QIB (times)
NII (times)	307.09x	464.50x
Big NII (times)
Small NII (times)
RII (times)	453.41x	259.65x
Employee (times)
Other (times)
Total (times)	384.64x	364.38x

Compare with others

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

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