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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

United statesMahesh bhanushaliCapital advisors privateRasayan india ltdRasayan india ltd initial public offeringNational stock exchange of indiaIssuer companyRasayan indiaIndia ltd initial public offeringIndia limitedAdvisors private limitedLead managerIndia ltdCareedge reportConstruction chemicalsNational stock exchange