IPO

Meson Valves India Limited IPO

BSE SME

Listed On: Sep 21, 2023 at ₹ 193.8

₹ 122400 /1200 Shares

Check Allotment

Meson Valves India Limited IPO Details

08 Sep, 2023

Open Date

12 Sep, 2023

Close Date

15 Sep, 2023

Allotment Date

21 Sep, 2023

Listing Date

Issue Price

₹102 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Maashitla Securities Private Limited

List Price

193.8

Listing Date

2023-09-21

Market Lot

1200 Shares (₹122,400/-)

Lead Manager

Shreni Shares Private Limited

Issue Size

3,048,000 shares(aggregating up to ₹31.09 Cr)

Retail Portion

50%

Subscription

173.71 times

IPO Docs

DRHP

Meson Valves India Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,446,0001,446,0002,892,000
Day 1 - 08-09-23 06:00 PM2.11 x14.53 x8.33 x
Day 2 - 11-09-23 06:00 PM14.38 x90.33 x52.58 x
Day 3 - 12-09-23 06:00 PM144.40 x203.02 x173.71 x

Meson Valves India Limited Valuations

Earnings Per Share (EPS)

₹6.59/-

P/E Ratio

15.47

RoNW

24.46%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Meson Valves India Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets4,509.012,738.782,105.58
Revenue3,719.301,431.571,542.35
Profit After Tax452.43212.5411.81

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.

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Meson Valves India Limited - Promoter(s)

Pre Issue Share Holding: 46.91%

Post Issue Share Holding: 32.83%


Company Promoter(s)

  1. Mr. Brijesh Madhav Manerikar
  2. Mr. Swaroop Raghuvir Nateka
  3. Mr. Vivekanand Maruti Redekar
  4. India Futuristic Marine Private Limited

Meson Valves India Limited IPO - Issue Objectives

  1. Purchase of Plant and Machinery for setting up of Manufacturing unit.
  2. 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.