Established in 2016, Meson Valves India Limited, formerly known as Sander Meson India Private Limited, is a renowned supplier of a wide range of industrial equipment, including valves, actuators, strainers, and remote-control valve systems. The company caters to both domestic and international markets.
Meson Valves India is actively involved in various aspects of the industry, including assembly, procurement, distribution, import, export, and other related activities for products such as valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. Additionally, the company offers installation, maintenance, servicing, and other services for equipment associated with these products.
The company’s manufacturing facility is situated in Bhamboli, Khed, Pune, Maharashtra. It sources components and products for further assembly and distribution from various countries, including Denmark, Germany, Poland, South Korea, the Netherlands, Sweden, Turkey, and the United Arab Emirates. In the domestic market, Meson Valves India procures products from states like Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana.
Meson Valves India operates through two primary business divisions:
- Domestic Sales: The company serves clients across Andhra Pradesh, Assam, Goa, Gujarat, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka, as evidenced by its sales for the fiscal years ending in March 2021, 2022, and 2023.
- Exports: The company extends its product offerings to international markets, including Germany, South Korea, Oman, Russia, Sweden, the United Arab Emirates, Sri Lanka, Qatar, and Thailand.
In summary, Meson Valves India Limited is a well-established player in the industrial equipment sector, serving a diverse range of customers both domestically and internationally with its comprehensive product portfolio and associated services.
Meson Valves India IPO Details #
Meson Valves India IPO is a Fixed Price Issue. The IPO total issue size is Rs 31.09 Cr. The Meson Valves India IPO price is ₹102 per share. The IPO will list on BSE SME.
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹102 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,048,000 shares (aggregating up to ₹31.09 Cr) |
| Fresh Issue | 3,048,000 shares (aggregating up to ₹31.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,112,062 |
| Share holding post issue | 10,160,062 |
| Market Maker portion | 156,000 shares Shreni Shares |
Meson Valves India IPO Reservation #
Meson Valves India IPO a total of 3,048,000 shares are offered. RII: 1,446,000 (47.44%), NII: 1,446,000 (47.44%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 156,000 (5.12%) |
| Other Shares Offered | 1,446,000 (47.44%) |
| Retail Shares Offered | 1,446,000 (47.44%) |
| Total Shares Offered | 3,048,000 (100%) |
Meson Valves India IPO Timetable (Tentative) #
Meson Valves India IPO opens on September 8, 2023, and closes on September 12, 2023.
| IPO Open Date | Friday, September 8, 2023 |
| IPO Close Date | Tuesday, September 12, 2023 |
| Basis of Allotment | Friday, September 15, 2023 |
| Initiation of Refunds | Monday, September 18, 2023 |
| Credit of Shares to Demat | Wednesday, September 20, 2023 |
| Listing Date | Thursday, September 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2023 |
Meson Valves India IPO Lot Size #
The minimum lot size of this Meson Valves India IPO is 1200 shares required is ₹122,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| HNI (Min) | 2 | 2,400 | ₹244,800 |
| Lot Size Calculator | |||
Meson Valves India IPO Promoter Holding #
Mr. Brijesh Madhav Manerikar, Mr. Swaroop Raghuvir Natekar, Mr. Vivekanand Maruti Redekar, and India Futuristic Marine Private Limited are the promoters of the company.
| Pre Issue Share Holding | 46.91% |
| Post Issue Share Holding | 32.83% |
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,105.58 | 2,738.78 | 4,509.01 |
| Revenue | 1,542.35 | 1,431.57 | 3,719.30 |
| Profit After Tax | 11.81 | 212.54 | 452.43 |
| Net Worth | 55.17 | 267.71 | 1,849.57 |
| Reserves and Surplus | 48.17 | 260.71 | 1,157.32 |
| Total Borrowing | 918.26 | 923.93 | 1,124.16 |
Key Performance Indicator #
Meson Valves India IPO Market Cap is Rs 103.63 Cr and P/E (x) is 15.47.
| KPI | Values |
|---|---|
| P/E (x) | 15.47 |
| Market Cap (₹ Cr.) | 103.63 |
| EPS (Rs) | 6.59 |
| RoNW | 24.46% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Purchase of Plant and Machinery for setting up of Manufacturing unit.
- Funding working capital requirements, and general corporate purposes.
Meson Valves India IPO Subscription Status (Bidding Detail) #
The Meson Valves India IPO is subscribed 15.54 times on Sep 11, 2023 10:57:00 AM. The public issue subscribed 26.97 times in the retail category, [.] times in the QIB category, and 4.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.09 | 14,46,000 | 59,16,000 |
| Retail | 26.97 | 14,46,000 | 3,90,01,200 |
| Total | 15.54 | 28,92,000 | 4,49,53,200 |
Total Application : 40,369 (33.50 times)
*Market Maker portion is not included to NII/HNI.
Meson Valves India IPO Prospectus
- › Meson Valves India IPO DRHP
- › Meson Valves India IPO RHP
Company Contact Information #
Plot No. L-45, First Floor,
Software Technology Park, Verna Industrial Estate,
Salcete, Verna – 403722
Phone: 08322954198
Email: investor@mvi.ltd
Website: https://mvi.ltd/
Meson Valves India IPO Registrar #
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website:
Meson Valves India IPO Lead Manager(s) #
FAQs #
What is the Meson Valves India IPO lot size? #
The Meson Valves India IPO has a lot size of 1200 shares, with a minimum investment of ₹122,400.
Who are the promoters of Meson Valves India Limited? #
The company’s promoters include Mr. Brijesh Madhav Manerikar, Mr. Swaroop Raghuvir Natekar, Mr. Vivekanand Maruti Redekar, and India Futuristic Marine Private Limited.
What is the Meson Valves India IPO price? #
The IPO price for Meson Valves India Limited is ₹102 per share.
When does the Meson Valves India IPO open and close? #
The IPO opens on September 8, 2023, and closes on September 12, 2023.
What are the key financial indicators for Meson Valves India (as of March 2023)? #
The company has a P/E ratio of 15.47x, an EPS of ₹6.59, and an RoNW of 24.46%.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
