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SME IPOs 2023 so far: 33 of 49 stocks trading above offer price

In the year 2022, approximately 109 SME firms went public, collectively raising around Rs 1,875 crore through IPOs. By comparison, in 2021, 59 SME firms were listed, raising a total of Rs 746 crore.

MCON Rasayan IPO Issue fully Subscribed within hours of opening

Mumbai (Maharashtra) [India], March 7 (ANI/PNN): MCON Rasayan India Ltd Initial Public Offering (IPO) got fully subscribed within hours of opening on the first day. Driven by strong response from Retails, the RII portion was subscribed 23.41 times and the NII portion was subscribed 7.42 times on Day 1. At 3:30 pm, for the total Issue size of 17,10,000 equity shares, the total bids received was 2,56,44,000 equity shares MCON Rasayan India Limited specializes in manufacturing, marketing, and distributing contemporary building materials and construction chemicals. It boasts a comprehensive product portfolio (more than 80 products) that caters to various construction applications, from foundation to finishing. In contrast to its competitors involved in the cement or paint industry, MCON Rasayan stands out as one of the few players in the country with such a diverse product range, available at a competitive price point. Also, The company had introduced eight (8) innovative products in the p

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