Meson Valves India IPO

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 nameMeson Valves India Limited
Company Website

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 date08 September 2023
IPO Closing12 September 2023
Basis of Allotment15 September 2023
Initiation Refund18 September 2023
Credit to Demat Account20 September 2023
Listing Date21 September 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹31.09 Cr – 3,048,000 shares
Fresh Issue₹31.09 Cr – 3,048,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹102 per share
Lot size1200 Shares
Market Maker portion156,000 shares
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11200₹122,400
Retail (Max)11200₹122,400
HNI (Min)22,400₹244,800

Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income0.122.134.53
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.48
RONW (%)21.4079.3924.46
EBITDA (%)4.0126.5819.13

Company Promoters

  • Mr. Brijesh Madhav Manerikar
  • Mr. Swaroop Raghuvir Natekar
  • Mr. Vivekanand Maruti Redekar
  • India Futuristic Marine Private Limited

Promoter Holding

Pre Issue Share Holding46.91%
Post Issue Share Holding32.83%

Lead Manager(s)

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

IPO Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795

Contact Details

Plot No. L-45, First Floor, Software Technology Park,
Verna Industrial Estate, Salcete, Verna-403722, Goa, India
Phone: 08322954198

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

Leave a Comment

Your email address will not be published. Required fields are marked *