Meson Valves India IPO will open for subscription from 08 September 2023. The company aims for an issue size of ₹31.09 Cr through this IPO.
Company Overview
| Full name | Meson Valves India Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://mvi.ltd/ |
About Company
Incorporated in 2016, Meson Valves India is engaged in the business of supplying valves, actuators, Strainers, and remote-control valve systems. It supplies mainly to Naval, Oil, and gas industries, Power, Refineries, and General Industries, both in domestic and international markets. The company 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 systems, piping, pumps, fittings, gaskets, flanges, and measurement devices.
Meson Valves India has two business divisions (i) domestic sales; and (ii) exports. It has a 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 31 March 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. For the financial year ended 31 March 2023, 2022, and 2021 the revenue from exports was INR 43.82 lakhs, INR 108.64 lakhs, and INR 156.97 lakhs, respectively which contributed 1.20%, 7.71%, and 10.24% respectively.
The Objective of the Issue
- Purchase of Plant and Machinery for setting up of Manufacturing unit.
- Funding working capital requirements, and general corporate purposes.
IPO Timetable
| IPO Opening date | 08 September 2023 |
| IPO Closing | 12 September 2023 |
| Basis of Allotment | 15 September 2023 |
| Initiation Refund | 18 September 2023 |
| Credit to Demat Account | 20 September 2023 |
| Listing Date | 21 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹31.09 Cr – 3,048,000 shares |
| Fresh Issue | ₹31.09 Cr – 3,048,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹102 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 156,000 shares |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| HNI (Min) | 2 | 2,400 | ₹244,800 |
Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 15.32 | 14.10 | 36.65 |
| Expenses | 15.22 | 11.33 | 30.99 |
| Net income | 0.12 | 2.13 | 4.53 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.17 | 3.10 | 6.59 |
| PE ratio | – | – | 15.48 |
| RONW (%) | 21.40 | 79.39 | 24.46 |
| NAV | 78.82 | 382.44 | 26.72 |
| EBITDA (%) | 4.01 | 26.58 | 19.13 |
| Debt/Equity | – | – | – |
Company Promoters
- Mr. Brijesh Madhav Manerikar
- Mr. Swaroop Raghuvir Natekar
- Mr. Vivekanand Maruti Redekar
- India Futuristic Marine Private Limited
Promoter Holding
| Pre Issue Share Holding | 46.91% |
| Post Issue Share Holding | 32.83% |
Lead Manager(s)
SHRENI SHARES LIMITED
Office No. 102, 1st Floor, Sea Lord CHS,
Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar,
Borivali (West), Mumbai- 400 092, Maharashtra, India
Phone: 22-2808 8456
Email: shrenishares@gmail.com
Website: www.shreni.in
IPO Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Contact Details
MESON VALVES INDIA LIMITED
Plot No. L-45, First Floor, Software Technology Park,
Verna Industrial Estate, Salcete, Verna-403722, Goa, India
Phone: 08322954198
E-mail: investor@mvi.ltd
Website: www.mvi.ltd
Allotment Status
Meson Valves IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Final thoughts
Meson Valves India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
