Meson Valves India Limited IPO
BSE SMEListed On: Sep 21, 2023 at ₹ 193.8
₹ 122400 /1200 Shares
Check AllotmentMeson Valves India Limited IPO Details
08 Sep, 2023
Open Date12 Sep, 2023
Close Date15 Sep, 2023
Allotment Date21 Sep, 2023
Listing DateIssue Price
₹102 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Maashitla Securities Private LimitedList Price
193.8Listing Date
2023-09-21Market Lot
1200 Shares (₹122,400/-)Lead Manager
Shreni Shares Private LimitedIssue Size
3,048,000 shares(aggregating up to ₹31.09 Cr)Retail Portion
50%Subscription
173.71 timesIPO Docs
DRHPMeson Valves India Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 1,446,000 | 1,446,000 | 2,892,000 |
Day 1 - 08-09-23 06:00 PM | 2.11 x | 14.53 x | 8.33 x |
Day 2 - 11-09-23 06:00 PM | 14.38 x | 90.33 x | 52.58 x |
Day 3 - 12-09-23 06:00 PM | 144.40 x | 203.02 x | 173.71 x |
Meson Valves India Limited Valuations
Earnings Per Share (EPS)
₹6.59/-P/E Ratio
15.47RoNW
24.46%Net Asset Value (NAV) - Post Issue
₹N/A/-Meson Valves India Limited Company Financials All values are in ₹ Lakh
31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
---|---|---|---|
Assets | 4,509.01 | 2,738.78 | 2,105.58 |
Revenue | 3,719.30 | 1,431.57 | 1,542.35 |
Profit After Tax | 452.43 | 212.54 | 11.81 |
About The Company
Meson Valves India Limited, previously known as Sander Meson India Private Limited, is a supplier of valves, actuators, Strainers, and remote-control valve systems to industries both in domestic and international markets.
Meson Valves India is engaged in the business of assembling, buying, selling, distributing, importing, exporting, or otherwise dealing in products like valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. It also deals in the installation, maintenance, servicing, or otherwise handling of equipment and services that control and manage all products like valves, actuators, remote control systems, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges, and measurement devices.
The company's manufacturing unit is located in Bhamboli, Khed, Pune, Maharashtra. It procures products for further assembly and supply from countries like Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates, and in the domestic market, from states such as Goa, Gujarat, Maharashtra, Karnataka, Tamilnadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi and Telangana.
Meson Valves India has two main business divisions: (i) domestic sales; and (ii) exports. The company has its presence in Andhra Pradesh, Assam, Goa, Gujarat, Kerela, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka states for the domestic market based on sales made for the year ended March 31, 2023, 2022 and 2021. Internationally it supplies products in countries such as Germany, South Korea, Oman, Russia, Sweden, United Arab Emirates, Srilanka, Qatar, and Thailand.
Meson Valves India Limited - Promoter(s)
Pre Issue Share Holding: 46.91%
Post Issue Share Holding: 32.83%
Company Promoter(s)
- Mr. Brijesh Madhav Manerikar
- Mr. Swaroop Raghuvir Nateka
- Mr. Vivekanand Maruti Redekar
- India Futuristic Marine Private Limited
Meson Valves India Limited IPO - Issue Objectives
- Purchase of Plant and Machinery for setting up of Manufacturing unit.
- Funding working capital requirements, and general corporate purposes.
Meson Valves India Limited IPO - FAQs
Ans. Meson Valves India Limited IPO is a SME IPO. The issue is priced at ₹102 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 8, 2023, and closes on Sep 12, 2023. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Meson Valves India Limited IPO opens on Sep 8, 2023 and closes on Sep 12, 2023.
Ans. The size of Meson Valves India Limited IPO is 3,048,000 shares(aggregating up to ₹31.09 Cr).
Ans. The IPO price band is set between ₹102 per equity share.
Ans. To apply for Meson Valves India Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Meson Valves India Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Meson Valves India Limited IPO is Sep 15, 2023.
Ans. The Meson Valves India Limited IPO will be listed on Sep 21, 2023.
Ans. Follow the steps to check the allotment status for Meson Valves India Limited IPO here.