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Meson Valves India Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹102
Per Share
GMP
NIL
Grey Market
Est. Listing
₹102
Expected Price
Min. Application
₹244,800
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹102 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size30,48,000 shares (aggregating up to ₹31.09 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 08 Sep 2023
Subscription CloseTue, 12 Sep 2023
Anchor AllotmentThu, 07 Sep 2023
Basis of AllotmentFri, 15 Sep 2023
Initiation of RefundsMon, 18 Sep 2023
Credit of Shares to DematWed, 20 Sep 2023
Listing DateThu, 21 Sep 2023
UPI Mandate Deadline2023-09-12
Application & Investment Details
Retail — Min (1 Lots)₹1,22,400 — 1,200 shares
Retail — Max (13 Lots)₹1,591,200 (13 Lots)
HNI — Min (2 Lots)₹2,44,800 — 2,400 shares
EPS (Pre-IPO)₹6.59
P/E Ratio (Pre-IPO)15.47x
P/E Ratio (Post-IPO)22.92x
Net Offer to Public28,92,000 shares (aggregating up to ₹29.50 Cr)
Reserved for Market Maker1,56,000 shares (aggregating up to ₹1.59 Cr)
Pre-IPO Promoter Holding71,12,062 shares
Post-IPO Promoter Holding1,01,60,062 shares
About Meson Valves India Ltd

Incorporated in 2016, 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.

Objects of the Issue

Meson Valves India Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Purchase of Plant and Machinery for setting up of Manufacturing unit;
11.37
2
Funding working capital requirements; and
11.95
3
General corporate purposes
7.26
Shareholding & Lock-in
Pre-IPO Promoter Holding 71,12,062 shares
Post-IPO Promoter Holding 1,01,60,062 shares
Check AllotmentCheck Status →
Meson Valves India Ltd — Live Price LIVE
₹102.00
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Issue ₹102.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹102
GMPNIL
Est. Listing₹102
Lot Size1,200 shares
Min Amount₹244,800
Listing Date21 Sep 2023
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹102
Listing Date21 Sep 2023
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 156,000 ₹1.59 Cr
TOTAL 3,048,000 100.00% ₹31.09 Cr
* Based on ₹102.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,200
Shares
Issue Price
₹102.00
Per Share
Min Investment
₹122,400
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,200 ₹122,400
Retail (Max) 13 15,600 ₹1,591,200
sNII (Min) 14 16,800 ₹1,713,600
bNII (Min) 68 81,600 ₹8,323,200
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Mar 202331 Mar 202231 Mar 2021
Revenue from Operations 3719.30 1431.57 1542.35
EBITDA N/A N/A N/A
Profit After Tax (PAT) 452.43 212.54 11.81
Net Worth 1849.57 267.71 55.17
Total Assets 4509.01 2738.78 2105.58
Reserves & Surplus 1157.32 260.71 48.17
Total Borrowings 1124.16 923.93 918.26
Key Ratios & Valuation
Issue Price ₹102
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW 24.46%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Meson Valves India Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No. L-45, First Floor, Software Technology Park, Verna Industrial Estate, Salcete, South Goa, Goa, 403722
Book Running Lead Managers
Shreni Shares Ltd
Book Running Lead Manager (BRLM)