Basis of Allotment

(This is only an advertisement For information purpose and is not a prospectus announcement.)

wpe2.jpg (10503 bytes) MCON RASAYAN INDIA LIMITED
CIN: U24304MH2016PLC286140

Our Company was originally incorporated as ‘MCON Rasayan Private Limited' a private limited company under the Computes Act, 2013 at Mumbai. pursuant to a certificate of incorporation dated September 22, 2016, issued by the Registrar of Companies. Mumbai ("RoC"). Thereafter name of our Company was changed from "MCON Rasayan Private Limited" to "MCON Rasayan India Private Limited" and a fresh certificate of incorporation was issued by the RoC on October 17, 2022. The name of the company was further changed from "MCON Rasayan India Private Limited" to "MCON Rasayan India limited". consequent to conversion of our company from private to public company. pursuant to a special resolution passed by the shareholders of our company on October 18, 2022, and a fresh certificate of incorporation consequent to conversion was issued by the RoC December 12, 2022. Our Company's Corporate Identity Number is U24304MH2016PLC286140. For details of change in Registered office of our Company, please refer to the chapter titled "history and Certain Corporate Matters" on pace 139 of this Prospectus.

Registered office: 101/A, 1st floor. Maxheal House, Plot-169. CTS-104 Bangur Nagar, Goregaon West, Near Ayyappa Temple, Mumbai- 400090, Maharashtra, India. Website: www.mconrasayan.com; E-Mail: compliance@mconrasayan.com; Telephone No: +91 8655988698
Company Secretary and Compliance Officer: Mr Kunal Ashok Borkar, Company Secretary and Compliance Officer
OUR PROMOTER: MAHESH RAVJI BHANUSHALI
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 17,10,000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH ( "EQUITY SHARES") OF MCON RASAYAN INDIA LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 40/- PER EQUITY SHARE (INCLUDING A SECURITIES PREMIUM OF Rs. 30/- PER EQUITY SHARE) (THE "ISSUE PRICE"). AGGREGATING Rs. 684.00 LACS ("ISSUE") OF THE ISSUE 90,000 EQUITY SHARES AGGREGATING TO Rs. 36.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ( MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 16,20,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT AN ISSUE PRICE OF Rs. 40/- PER EQUITY SHARE AGGREGATING TO Rs. 648.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.13% AND 25.70%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF EQUITY SHARES IS Rs. 10/- EACH.
THE ISSUE PRICE OF RS. 40.00/- PER EQUITY SHARE WAS 4 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: MONDAY, MARCH 06, 2023 AND
CLOSED ON: FRIDAY, MARCH 10, 2023

This issue was made in terms of chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2018 (the "SEBI ICDR REGULATIONS"), as amended in terms of rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR").the Issue was made for at least 25% of the post-issue paid-up equity share capital of our company. This Issue is a fixed price issue and allocation in the net issue to the public was made in terms of regulation 253 of the SEBI ICDR Regulations, as amended. For further details. please refer to section titled "Issue Procedure’' beginning on Page No. 252 of the Prospectus.

Listing: The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited. in terms of the Chapter IX of the SEBI ICDR Regulations as amended from time to time. Our Company has received an In-Principle approval letter dated February 15, 2023 from National Stock Exchange of India Limited ("NSE") for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited For the purpose of this Issue. National Stock Exchange of India Limited shall be the Designated Stock Exchange. Our Company will file listing application on or before March 17, 2023 with NSE. The trading is proposed to be commenced on or before March 20, 2023 (Subject to receipt of listing and trading approvals from NSE).

SUBSCRIPTION DETAILS

The Issue has received 1,29,001 applications for 62,47,41,000 Equity shares (before rejections. before application not banked but alter Invalid Multiple.' Duplicate applications) including Market Maker Application of 90,000 Equity Shares The Issue was subscribed to the extent of 410.87 times as per the bid book received from NSE (before rejections. before application not banked but after Invalid Multiple/Duplicate application) After considering the technical rejections cases. the Issue was subscribed 360.07 times.

The details of application received (Before Technical Rejection but alter application not banked and application banked but application not registered)

CATEGORY NUMBER OF APPLICATIONS % OF TOTAL NUMBER OF EQUITY SHARES APPLIED SUBSCRIPTION
Market Maker 01 0.0007 90,000 1
Other than Retail Individual Investors 6,044 4.69 255,783,000 149.58
Retail Individual Investors 122,956 95.31 368,868,000 215.71
Total 129,001 100 624,741,000 365.34

Summary of Valid Applications (after Technical and multiple rejections):

Category Gross Less: Rejections Valid Subscription (based on reservation in the Prospectus)
Number ol Applications Equity Shares applied Number of Applications Equity Shares applied Number of Applications Equity Shares applied
Market Maker 1 90,000 - - 1 90,000 1
Other than Retail Individual Investors 6,044 255,783,000 90 2,148,000 5,954 253,635,000 313.13
Retail individual Investors 122,956 368,868,000 2,291 6,873,000 120,665 361,995,000 446 91
Total 129,001 624,741,000 2,381 9,021,000 126,620 615,720,000 360.07

ALLOCATION: The Basis ol Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 15, 2023.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker. at the Issue Price of Rs. 40/- per Equity Share, was finalized in consultation with National Stock Exchange ot India Limited. The category was subscribed by 1.00 time. The total number of Equity Shares allotted in this category is 90000 Equity Shares in full out of reserved portion of 90,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors. at the Issue Price of Rs. 40 /- per Equity Share. was finalized In consultation with National Stock Exchange of India Limited The category was subscribed by 379.45 times Total number of Equity Shares allotted in this category is 954,000 Equity Shares. The category wise basis of allotment is as under:
No. of Shares Applied for (Category wise) Number of applications received % to total Total No. of Equity Shares applied %of total Proportionate Equity Shares available Allocation per Applicant Ration of allottees to applicant Total No. of Equity Shares allotted % to total Surplus/ Deficit
Before Rounding off After Rounding off
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
3000 120665 100 361995000 100 954000 7.91 3000 1:379 954,000 100 0
A. Allocation to Other than Retail Individual Investor (Alter Technical Rejection): The Basis of Allotment to other than Retail Individual Investors. at the Issue Price of Rs. 40/- per Equity Share. was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 380.83 times. Total number of Equity Shares allotted in this category is 666,000 Equity Shares. The category wise basis of allotment is as under:
No. of Shares Applied for (Category wise) Number of applications received % to total Total No. of Equity Shares applied % of total Proportionate Equity Shares available Allocation per Applicant Ration of allottees to applicants Total No. of Equity Shares allotted % to total Surplus/Deficit
Before Rounding off After Rounding off
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
6000 3061 51.41 18366000 7.24 48231 15.75 3000 16 3061 48000 72 -231
9000 500 8.39 4500000 1.77 11816 23.63 3000 4 500 12000 1.8 184
12000 348 5.84 4176000 1.64 10965 31.51 3000 4 348 12000 1.8 1035
15000 211 3.54 3165000 1.24 8311 39.39 3000 3 211 9000 1.35 689
18000 106 1.78 1908000 0.75 5010 47.26 3000 2 106 6000 0.9 990
21000 98 1.64 2058000 0.81 5404 55.14 3000 2 98 6000 0.9 596
24000 146 2.45 3504000 1.38 9201 63 02 3000 3 146 9000 1 35 -201
27000 440 7.38 11880000 4.68 31195 70.9 3000 10 440 30000 4.5 -1195
30000 178 2.98 5340000 2.1 14022 78.78 3000 5 178 15000 2.25 978
33000 40 0.67 1320000 0.52 3466 86 65 3000 1 40 3000 0.45 -466
36000 49 0.32 1764000 0.69 4632 94.53 3000 2 49 6000 0.9 1368
39000 32 0.53 1248000 0.49 3277 102.41 3000 1 32 3000 0.45 -277
42000 21 0.35 882000 0.34 2316 110.29 3000 1 21 3000 0.45 684
45000 48 0.8 2160000 0.85 5672 118.17 3000 2 48 6000 0.9 328
48000 27 045 1296000 0 51 3403 126.04 3000 1 27 3000 0.45 -403
51000 43 0.72 2193000 0.86 5758 133.91 3000 2 43 6000 0.9 242
54000 32 0.53 1728000 0.68 4537 141.78 3000 2 32 6000 0.9 1463
57000 9 0.15 513000 02 1347 149.67 3000 0 9 0 0 -1347
60000 54 0.9 3240000 1.27 8508 157.56 3000 3 54 9000 1.35 492
63000 24 04 1512000 0 59 3970 165.42 3000 1 24 3000 0.45 -970
66000 14 0.23 924000 0.36 2426 173.29 3000 1 14 3000 0.45 574
69000 9 0.15 621000 0.24 1631 181.22 3000 1 9 3000 0.45 1369
72000 5 0.08 360000 0.14 945 189 3000 0 5 0 0 -945
75000 28 0.47 2100000 0.82 5514 196.93 3000 2 28 6000 0.9 486
78000 8 0.13 624000 0.24 1639 204.88 3000 1 8 3000 045 1361
81000 7 0.11 567000 0 22 1489 21271 3000 1 7 3000 0 45 1511
84000 6 0.1 504000 0.19 1323 220.5 3000 0 6 0 0 -1323
87000 6 01 522000 0.2 1371 228.5 3000 0 6 0 0 -1371
90000 30 0.05 2700000 1.06 7090 236.33 3000 2 30 6000 09 -1090
93000 3 0.05 279000 0.11 733 244.33 3000 0 3 0 0 -733
96000 3 0.05 288000 0.11 756 252 3000 0 3 0 0 -756
99000 9 0.15 891000 0.35 2340 260 3000 1 9 3000 0.45 660
102000 10 0.16 1020000 0.4 2678 267.8 3000 1 10 3000 0.45 322
105000 4 0.06 420000 0 16 1103 27575 3000 0 4 0 0 -1103
108000 7 0.11 756000 0.29 1985 283.57 3000 1 7 3000 0.45 1015
96000 3 0.05 288000 0.11 756 252 3000 0 3 0 0 -756
111000 4 0.06 444000 017 1166 291.5 3000 0 4 0 0 -1166
114000 3 0.05 342000 0.13 898 299.33 3003 0 3 0 0 -898
117000 1 0.01 117000 0.04 307 307 3000 0 1 0 0 -307
120000 21 0.35 2520000 0.99 6617 315.1 3000 2 21 6000 0.9 -617
123000 6 0.1 738000 0.29 1938 323 3000 1 6 3000 0.45 1062
126000 6 0.1 756000 0.29 1935 330.83 3060 1 6 3000 0.45 1015
129000 5 0.08 645000 0.25 1694 338.8 3000 1 5 3000 0.45 1306
132000 6 0.1 792000 0.31 2080 346.67 3000 1 6 3000 0.45 920
135000 9 0.15 1215000 0 47 3190 354.44 3000 1 9 3000 0 45 -190
138000 3 0.05 414000 0.16 1087 362.33 3000 0 3 0 0 -1087
141000 1 0.01 141000 0.05 370 370 3000 0 1 0 0 -370
144000 2 0.03 288000 0.11 756 378 3000 0 2 0 0 -756
147000 3 0.05 441000 0.17 1158 386 3000 0 3 0 0 -1158
150000 12 0.2 1800000 0.7 4726 393.83 3000 2 12 6000 0.9 1274
153000 7 0.11 1071000 0.42 2812 401.71 3000 1 7 3000 0.45 188
156000 3 0.05 468000 0.18 1229 409.67 3000 0 3 0 0 -1229
159000 3 0.05 477000 0.18 1253 417.67 3000 0 3 0 0 -1253
162000 1 0.01 162000 0.06 425 425 3000 0 1 0 0 -425
165000 4 0.06 660000 0 26 1733 433.25 3000 1 4 3000 0.45 1267
168000 1 0.01 168000 0 06 441 441 3000 0 1 0 0 -441
171000 3 0.05 513000 0.2 1347 449 3000 0 3 0 0 -1347
180000 8 0.13 1440000 0.56 3781 472.63 3000 1 8 3000 0.45 -781
186000 2 0.03 372000 014 977 488.5 3000 0 2 0 0 -977
189000 1 0.01 189000 0.07 496 496 3000 0 1 0 0 -496
192000 1 0.01 192000 0.07 504 504 3000 0 1 0 0 -504
195000 9 0.15 1755000 0.69 4608 512 3000 2 9 6000 0.9 1392
198000 1 0.01 198000 0.07 520 520 3000 0 1 0 0 -520
201000 1 0.01 201000 0.07 528 528 3000 0 1 0 0 -528
201000 1 0.01 201000 0.07 528 528 3000 0 1 0 0 -528
204000 1 0.01 204000 0.08 536 536 3000 0 1 0 0 -536
210000 4 0.06 840000 0.33 2206 551.5 3000 1 4 3000 0.45 794
195000 9 0.15 1755000 0.69 4608 512 3000 2 9 6000 0 1392
219000 2 0.03 438000 0.17 1150 575 3000 0 2 0 0 *1150
225000 3 0.05 675000 0.26 1772 590.67 3000 1 3 3000 0.45 1228
228000 2 0.03 456000 017 1197 598.5 3000 0 2 0 0 -1197
231000 2 0.03 462000 0.18 1213 606.5 3000 0 2 0 0 -1213
240000 5 0.08 1200000 047 3151 630,2 3000 1 5 3000 0.45 -151
243000 2 0.03 486000 0.19 1276 638 3000 0 2 0 0 '1276
246000 2 0.03 492000 0.19 1292 646 3000 0 2 0 0 -1292
249000 11 0.18 2739000 1.07 7192 653.82 3000 2 11 6000 09 -1192
252000 4 0.06 1008000 0.39 2647 661.75 3000 1 4 3000 0.45 353
255000 7 0.11 1785000 0.7 4687 669.57 3000 2 7 6000 0.9 1313
258000 1 0.01 258000 0.1 677 677 3000 0 1 0 0 -677
261000 3 0.05 783000 0.3 2056 685.33 3000 1 3 3000 0.45 944
264000 1 0.01 264000 01 693 693 3000 0 1 0 0 -693
270000 4 0.06 1080000 0.42 2836 709 3000 1 4 3000 0.45 164
273000 1 0.01 273000 0.1 717 717 3000 0 1 0 0 -717
285000 3 0.05 855000 6.33 2245 748.33 3000 1 3 3000 0.45 755
288000 1 0.01 288000 0.11 756 756 3000 0 1 0 0 -756
204000 1 0.01 294000 0.11 772 772 3000 0 1 0 0 -772
300000 3 0.05 900000 0.35 2363 787.67 3000 1 3 3000 0.45 637
303000 1 0.01 303000 0.11 796 796 3000 0 1 0 0 -796
306000 1 0.01 306000 0.12 804 804 3000 0 1 0 0 -804
309000 1 0.01 309000 0.12 811 811 3000 0 1 0 0 -811
315000 1 0.01 315000 0.12 827 827 3000 0 1 0 0 -827
300000 3 0.05 972000 0.38 2552 850.67 3000 1 3 3000 0.45 448
336000 1 0.01 336000 0.13 882 882 3000 0 1 0 0 -882
345000 2 0.03 690000 0.27 1812 906 3000 1 2 3000 0.45 1188
354000 1 0.01 354000 0.13 930 930 3000 0 1 0 0 -930
360000 1 0.01 360000 0.14 945 945 3000 0 1 0 0 -945
363000 2 0.03 726000 0.28 1906 953 3000 1 2 3000 0.45 1094
366000 1 0.01 366000 0.14 961 961 3000 0 1 0 0 -961
369000 1 0.01 369000 6.14 969 969 3000 0 1 o 0 -969
375000 3 0.05 1125000 0.44 2954 984.67 3000 1 3 3000 0.45 46
381000 1 0.01 381000 0.15 1000 1000 3000 0 1 0 0 -1000
390000 1 0.01 390000 0.15 1024 1024 3000 0 1 0 0 -1024
396000 1 0.01 396000 0.15 1040 1040 3000 0 1 0 0 -1040
399000 2 0.03 798000 0.31 2095 1047.5 3000 1 2 3000 0.45 905
405000 1 0.01 405000 0.15 1063 1063 3000 0 1 0 0 -1063
414000 2 0.03 828090 0.32 2174 1087 3000 1 2 3000 0.45 826
417000 2 0.03 834000 0.32 2190 1095 3000 1 2 3000 0.45 810
420000 2 0.03 840000 0.33 2206 1103 3000 1 2 3000 0.45 794
432000 1 0.01 432000 0.17 1134 1134 3000 0 1 0 0 -1134
441000 1 0.01 441000 0.17 1158 1158 3000 0 1 0 0 -1158
450000 3 0.05 1350000 0.53 3545 1181.67 3000 1 3 3000 0.45 -545
456000 1 0.01 456000 0.17 1197 1197 3000 0 1 0 0 -1197
462000 1 0.01 462000 0.18 1213 1213 3000 0 1 0 6 -1213
489000 1 0.01 489000 0.19 1284 1284 3000 0 1 0 0 -1284
495000 1 0.01 495000 0.19 1300 1300 3000 0 1 0 0 -1300
498000 2 0.03 996000 0.39 2615 1307.5 3000 1 2 3000 0.45 385
525000 1 0.01 525000 0.2 1379 1379 3000 0 1 0 0 -1379
531000 1 0.01 531000 0.2 1394 1394 3000 1 1 3000 0.45 1606
540000 1 0.01 540000 0.21 1418 1418 3000 1 1 3000 0.45 1582
579000 i 0.01 579000 0.22 1520 1520 3000 1 1 3000 0.45 1480
600000 1 0.01 600000 0.23 1575 1575 3000 1 1 3000 0.45 1425
621000 1 0.01 621000 0.24 1631 1631 3000 1 1 3000 0.45 1369
630000 3 0.05 1890000 0.74 4963 1654.33 3000 2 3 6000 0.9 1037
633000 1 0.01 633000 0.24 1662 1662 3000 1 1 3000 0.45 1338
645000 1 0.01 645000 0.25 1694 1694 311011 1 1 3000 0.45 1306
654000 1 0.01 654000 0.25 1717 1717 3000 1 1 3000 0.45 1283
657000 1 0.01 657000 0.25 1725 1725 3000 1 1 3000 0.45 1275
669000 1 0.01 669000 0.26 1757 1757 3000 1 1 3000 0.45 1243
684000 1 0.01 684000 0.26 1796 1796 3000 1 1 3000 0.45 1204
699000 1 0.01 699000 0.27 1835 1835 3000 1 1 3000 0.45 1165
711000 1 0.01 711000 0.28 1867 1867 3000 1 1 3000 0.45 1133
729000 1 0.01 729000 0.28 1914 1914 3000 1 1 3000 0.45 1086
732000 1 0.01 732000 0.28 1922 1922 3000 1 1 3000 0.45 1078
750000 2 0.03 1500000 0.59 3939 1969.5 3000 1 2 3000 0.45 -939
804000 1 0.01 804000 0.31 2111 2111 3000 1 1 3000 0.45 889
807000 2 0.03 1614000 0.63 4238 2119 3000 1 2 3000 0.45 -1238
816000 1 0.01 816000 0.32 243 2143 3000 1 1 3000 0.45 857
822000 1 0.01 822000 0.32 2158 2158 3000 1 1 3000 0.45 842
825000 2 0.03 1650000 0.65 4333 2166.5 3000 1 2 3000 0.45 -1333
828000 1 0.01 828000 0.32 2174 2174 3000 1 1 3000 0.45 826
843000 2 0.03 1686000 0.66 4427 2213.5 3000 1 1 6000 0.9 1573
855000 1 0.01 855000 0.33 2245 2245 3000 1 1 3000 0.45 755
861000 1 0.01 861000 0.33 2261 2261 3000 1 1 3000 0.45 739
870000 2 0.03 1740000 0.68 4569 2284.5 3000 1 1 6000 0.9 1431
873000 1 0.01 873000 0.34 2292 2292 3000 1 1 3000 0.45 708
876000 1 0.01 876000 0.34 2300 2300 3000 1 1 3000 0.45 700
882000 1 0.01 882000 0.34 2316 2316 3000 1 1 3000 0.45 684
891000 1 0.01 891000 0.35 2340 2340 3000 1 1 3000 0.45 660
900000 2 0.03 1800000 0.7 4726 2363 3000 1 1 6000 0.9 1274
903000 1 0.01 903000 0.35 2371 2371 3000 1 1 3000 0.45 629
921000 1 0.01 921000 0.36 2418 2418 3000 1 1 3000 0.45 582
966000 1 0.01 966000 0.38 2537 2537 3000 1 1 3000 0.45 463
969000 2 0.03 1938000 0.76 5089 2544.5 3000 1 1 6000 0.9 911
972000 1 0.01 972000 0.38 2552 2552 3000 1 1 3000 0.45 448
975000 1 0.01 975000 0.38 2560 2560 3000 1 1 3000 0.45 440
978000 1 0.01 978000 0.38 2568 2568 3000 1 1 3000 0.45 432
907000 1 0.01 987000 0.38 2592 2592 3000 1 1 3000 0.45 408
903000 1 0.01 903000 0.35 2371 2371 3000 1 1 3000 0.45 629
990000 1 0.01 990000 0.39 2600 2600 3000 1 1 3000 0,45 400
1017000 1 0.01 1017000 0.4 2670 2670 3000 1 1 3000 0.45 330
1032000 1 0.01 1032000 0.4 2710 2710 3000 1 1 3000 0.45 290
1050000 1 0.01 1050000 0.41 2757 2757 3000 1 1 3000 0.45 243
1080000 1 0.01 1080000 0.42 2836 2836 3000 1 1 3000 0.45 164
1104000 1 0.01 1104000 0.43 2899 2899 3000 1 1 3000 0.45 101
1107000 1 0.01 1107000 0.43 2907 2907 3000 1 1 3000 0.45 93
1113000 1 0.01 1113000 0.43 2923 2923 3000 1 1 3000 0.45 77
1119000 1 0.01 1119000 0.44 2938 2938 3000 1 1 3000 0.45 62
1125000 1 0.01 1125000 0.44 2954 2954 3000 1 1 3000 0.45 46
1137000 1 0.01 1137000 0.44 2986 2986 3000 1 1 3000 0.45 14
1155000 1 0.01 1155000 0.45 3033 3033 3000 1 1 3000 0.45 -33
1209000 1 0.01 1209000 0.47 3175 3175 3000 1 1 3000 0.45 -175
1224000 1 0.01 1224000 0.48 3214 3214 3000 1 1 3000 0.45 -214
1245000 2 0.03 2490000 0.98 6538 3269 3000 1 1 6000 0 9 -538
1248000 1 0.01 1248000 0.49 3277 3277 3000 1 1 3000 0.45 -277
1260000 1 0.01 1260000 0.49 3309 3309 3000 1 1 3000 0.45 -309
1263000 1 0.01 1263000 0.49 3316 3316 3000 1 1 3000 0.45 -316
1272000 1 0,01 1272000 0.5 3340 3340 3000 1 1 3000 6.45 -340
1287000 1 0.01 1287000 0.5 3379 3379 3000 1 1 3000 0.45 -379
1290000 1 0.01 1290000 0.5 3387 3387 3000 1 1 3000 0.45 -387
1350000 2 0.03 2700000 1.06 7090 3545 3000 1 1 6000 0.9 -1090
1353000 1 0.01 1353000 0.53 3553 3553 3000 1 1 3000 0.45 -553
1383000 1 0.01 1383000 0.54 3632 3632 3000 1 1 3000 0.45 -632
1395000 1 0.01 1395000 0.55 3663 3663 3000 1 1 3000 0.45 -663
1407000 2 0.03 2814000 1.1 7389 3694.5 3000 1 1 6000 0.9 -1389
1419000 1 0.01 1419000 0.55 3726 3726 3000 1 1 3000 0.45 -726
1431000 1 0.01 1431000 0.56 3758 3758 3000 1 1 3000 0.45 -?58
1509000 1 0.01 1509000 0.59 3962 3962 3000 1 1 3000 0.45 -962
1515000 1 0.01 1515000 0.59 3978 3978 3000 1 1 3000 0.45 -978
1545000 1 0.01 1545000 0.6 4057 4057 3000 1 1 3000 0.45 -1057
1590000 1 0.01 1590000 0.62 4175 4175 3000 1 1 3000 0.45 -1175
1620000 21 0.35 34020000 13.41 89330 4253.81 3000 1 1 63000 9.45 -26330
1620000 - - - - - - 3000 9 21 27000 4.05 27000
1017000 1 0.01 1017000 0.4 2670 2670 3000 1 1 3000 0.45 330
1032000 1 0.01 1032000 0.4 2710 2710 3000 1 1 3000 0.45 290
1050000 1 0.01 1050000 0.41 2757 2757 3000 1 1 3000 0.45 243
1080000 1 0.01 1080000 0.42 2836 2836 3000 1 1 3000 0.45 164
1590000 1 0.01 1590000 0.62 4175 4175 3000 1 1 3000 0.45 -1175
1620000 21 0.35 34020000 13.41 89330 4253.81 3000 1 1 63000 9.45 -26330
1620000 - - - - - - 3000 9 21 27000 4.05 27000

The Board of Directors of the Company at Its meeting held on March 15, 2023 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as lilted in the application form on or before March 16, 2023 Further, the instructions to SCSBs has been issued on March 16, 2023 for unblocking of funds The request for electronic credit of Equity Shares will be made to Depositories on or before March 16, 2023. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same Is not receded within prescribed time, Investors may contact the Registrar to the Issue at the address given below The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. Our Company wilt file listing application on or before March 17, 2023 with NSE. The trading is proposed to be commenced on or before March 20, 2023 (Subject to receipt of listing and trading approvals from NSE).

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

wpe3.jpg (8494 bytes) LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1 st Floor, L.B.S Marg, Vlkhroli West, Mumbai - 400 083 Maharashtra, India
Contact Person : Shanti Gopalkrishnan Tel: +91 22 4918 6200 Email: mconrasayan.ipo@linkintime.co.in
Website: www.linkintime.co.in  SEBI Registration No.: INR000004058 CIN: U67190MH1999PTC118368
For MCON Rasayan India Limited
On behalf of the Board of Directors
Sd/-
Mr. Mahesh Ravji Bhanushali
Date: March 17, 2023 Managing Director
Place: Mumbai (DIN- 07385072)

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF MCON RASAYAN INDIA LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus

MCON Rasayan India Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website ol the Lead Manager at www.gyrcapitaladvisors.com, website of the National Stock Exchange of India Limited at www.nseindia.com and Website of Issuer Company at www.mconrasayan.com Investors should note that investment in Equity Shares involves a high degree ol risk. For details, investors shall refer to and rely on the Prospectus including the section titled ‘Risk Factors’ beginning on Page No. 26 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be issued or sold within the United States or to or for the account or benefit of, "U.S. persons" (as defined In the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.

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