Chavda Infra IPO vs Meson Valves IPO

Comparison between Chavda Infra IPO and Meson Valves IPO.

IPO Details

Chavda Infra IPO is a SME Fixed Price IPO proposed to list at NSE SME while Meson Valves IPO is a SME Fixed Price proposed to list at BSE SME.

	Chavda Infra IPO	Meson Valves IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Shreni Shares Ltd.
Registrar	Kfin Technologies Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Shreni Shares Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Chavda Infra IPO is up to ₹41.08 Cr whereas the issue size of the Meson Valves IPO is up to ₹29.50 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Meson Valves IPO is ₹102.00 per share.

	Chavda Infra IPO	Meson Valves IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share
Issue Price (Upper)	₹65.00 per share
Issue Price (Final)	₹65.00 per share	₹102.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	63,20,000 shares	28,92,000 shares
Fresh Issue Size (Amount)	up to ₹41.08 Cr	up to ₹29.50 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	63,20,000 shares	28,92,000 shares
Issue Size Total (Amount)	up to ₹41.08 Cr	up to ₹29.50 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Meson Valves IPO opens on Sep 08, 2023. The closing date of Chavda Infra IPO and Meson Valves IPO is Sep 14, 2023, and Sep 12, 2023, respectively.

	Chavda Infra IPO	Meson Valves IPO
Anchor Bid Date	Sep 11, 2023
Issue Open	Sep 12, 2023	Sep 08, 2023
Issue Close	Sep 14, 2023	Sep 12, 2023
Basis Of Allotment (Tentative)	Sep 20, 2023	Sep 15, 2023
Initiation of Refunds (Tentative)	Sep 21, 2023	Sep 18, 2023
Credit of Share (Tentative)	Sep 22, 2023	Sep 20, 2023
Listing date (Tentative)	Sep 25, 2023	Sep 21, 2023
Anchor Lockin End date 1	Oct 20, 2023
Anchor Lockin End date 2	Dec 19, 2023

Financials & KPIs

Chavda Infra IPO P/E ratio is 9.72, as compared to Meson Valves IPO P/E ratio of 15.47.

Chavda Infra IPO

Meson Valves IPO

Financials

Chavda Infra IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	8,668.11	10,880.79	15,424.40
Total Income	9,131.05	10,987.68	16,203.37
Profit After Tax	443.84	521.46	1,204.62
Net Worth	1,314.28	1,835.74	3,040.36
Reserves and Surplus	1,164.28	1,685.74	1,240.36
Total Borrowing	3,330.32	4,993.14	5,328.95

Amount in ₹ Lakhs

Meson Valves India IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,105.58	2,738.78	4,509.01
Total Income	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

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

46.91

Promoter Shareholding (Post-Issue)

32.83

P/E Ratio

9.72

15.47

Market Cap

₹160.26 Cr.

₹103.63 Cr.

ROE

49.41%

ROCE

43.62%

Debt/Equity

1.75

EPS

₹6.69

₹6.59

RoNW

39.62%

24.46%

Shares Offered

In the Chavda Infra IPO Retail Individual Investors (RII) are offered 22,12,000 shares while in Meson Valves IPO retail investors are offered 22,12,000 shares. Qualified Institutional Buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and in Meson Valves IPO.

	Chavda Infra IPO	Meson Valves IPO
Anchor Investor Reserveration	18,96,000 shares
Market Maker Reserveration	3,36,000 shares	1,56,000 shares
QIB	12,64,000 shares
NII	9,48,000 shares	14,46,000 shares
RII	22,12,000 shares	14,46,000 shares
Employee
Others
Total	63,20,000 shares	28,92,000 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Meson Valves IPO subscribed 173.65x.

	Chavda Infra IPO	Meson Valves IPO
QIB (times)	95.10x
NII (times)	241.96x	132.74x
Big NII (times)
Small NII (times)
RII (times)	202.07x	203.02x
Employee (times)
Other (times)
Total (times)	180.06x	173.65x

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