Meson Valves India Limited IPO Detail
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.
Company Promoters
Mr. Brijesh Madhav Manerikar, Mr. Swaroop Raghuvir Natekar, Mr. Vivekanand Maruti Redekar, and India Futuristic Marine Private Limited are the promoters of the company.IPO Details
| IPO Opening Date | Sep 08, 2023 |
| IPO Closing Date | Sep 12, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹31.09 Cr |
| Fresh Issue | 3,048,000 shares (aggregating up to ₹31.09 Cr) |
| Offer for Sale | - |
| Retail Portion | 47.44% |
IPO Tentative Timetable
The Meson Valves India Limited IPO open date is Sep 08, 2023, and the close date is Sep 12, 2023. The issue may list on Sep 21, 2023.
| IPO Open Date | Sep 08, 2023 |
| IPO Close Date | Sep 12, 2023 |
| Basis of Allotment Date | Sep 15, 2023 |
| Initiation of Refunds | Sep 18, 2023 |
| Credit of Shares to Demat Account | Sep 20, 2023 |
| IPO Listing Date | Sep 21, 2023 |
IPO Lot Size
The Meson Valves India Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹122400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹122400 |
| Maximum | 1 | 1200 | ₹122400 |
IPO Promoter Holding
| Pre Issue Share Holding | 46.91% |
| Post Issue Share Holding | 32.83% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 2738.78 | 1431.57 | 212.54 |
| 31-Mar-23 | 4509.01 | 3719.30 | 452.43 |
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 Limited IPO Registrar:
Maashitla Securities Pvt. Limited
Meson Valves India Limited IPO Lead Manager(s):
Shreni Shares Private Limited
Company Contact Information:
Meson Valves India Limited
Plot No. L-45, First Floor, Software Technology Park, Verna Industrial Estate, Salcete
Verna
Verna
