IPO

Meson Valves India Limited IPO

BSE SME

Listed On: Sep 21, 2023 at ₹ 193.8

₹ 244800 /2400 Shares
*Min Investment

Check Allotment

08 Sep, 2023

Open Date

12 Sep, 2023

Close Date

15 Sep, 2023

Allotment Date

21 Sep, 2023

Listing Date
Meson Valves India Limited IPO Issue Details
  • Issue Price ₹102 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 3,048,000 shares(aggregating up to ₹31.09 Cr)
  • Listing at BSE SME
  • List Price 193.8
  • Listing Date 2023-09-21
  • Lead Manager Shreni Shares Private Limited
  • Registrar Maashitla Securities Private Limited
Meson Valves India Limited IPO Details
  • Retail Portion 50%
Meson Valves India Limited IPO Documents
Meson Valves India Limited IPO Details


Meson Valves India Limited IPO is an SME IPO, priced at ₹102 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.

The IPO bidding window is open from Sep 8, 2023 to Sep 12, 2023. The allotment is expected to be finalized on Sep 15, 2023, and the tentative listing date is Sep 21, 2023.


The registrar of the IPO is Maashitla Securities Private Limited, and

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Meson Valves India Limited IPO Subscription Analysis And Details
Retail
203.02x
Total
173.71x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,446,0001,446,0002,892,000
Day 1 08-09-23 06:00 PM
2.11 x14.53 x8.33 x
Day 2 11-09-23 06:00 PM
14.38 x90.33 x52.58 x
Day 3 12-09-23 06:00 PM
144.40 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
In Lakhs
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 Meson Valves India Limited 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)

Mr. Brijesh Madhav Manerikar

Mr. Swaroop Raghuvir Nateka

Mr. Vivekanand Maruti Redekar

India Futuristic Marine Private Limited

Pre Issue Share Holding : 46.91%

Post Issue Share Holding : 32.83%

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.