Meson Valves IPO vs Pramara Promotions IPO

Comparison between Meson Valves IPO and Pramara Promotions IPO.

IPO Details

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

	Meson Valves IPO	Pramara Promotions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Fedex Securities Pvt.Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Pure Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Meson Valves IPO is up to ₹29.50 Cr whereas the issue size of the Pramara Promotions IPO is up to ₹14.49 Cr. The final issue price of Meson Valves IPO is ₹102.00 per share and of Pramara Promotions IPO is ₹63.00 per share.

	Meson Valves IPO	Pramara Promotions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹102.00 per share	₹63.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	28,92,000 shares	23,00,000 shares
Fresh Issue Size (Amount)	up to ₹29.50 Cr	up to ₹14.49 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	28,92,000 shares	23,00,000 shares
Issue Size Total (Amount)	up to ₹29.50 Cr	up to ₹14.49 Cr

IPO Timetable

Meson Valves IPO opens on Sep 08, 2023, while Pramara Promotions IPO opens on Sep 01, 2023. The closing date of Meson Valves IPO and Pramara Promotions IPO is Sep 12, 2023, and Sep 05, 2023, respectively.

	Meson Valves IPO	Pramara Promotions IPO
Anchor Bid Date
Issue Open	Sep 08, 2023	Sep 01, 2023
Issue Close	Sep 12, 2023	Sep 05, 2023
Basis Of Allotment (Tentative)	Sep 15, 2023	Sep 08, 2023
Initiation of Refunds (Tentative)	Sep 18, 2023	Sep 11, 2023
Credit of Share (Tentative)	Sep 20, 2023	Sep 12, 2023
Listing date (Tentative)	Sep 21, 2023	Sep 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Meson Valves IPO P/E ratio is 15.47, as compared to Pramara Promotions IPO P/E ratio of .

Meson Valves IPO

Pramara Promotions IPO

Financials

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

Pramara Promotions IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,922.67	6,194.55	6,139.22
Total Income	4,096.01	4,942.70	5,119.11
Profit After Tax	33.18	134.57	222.59
Net Worth	1,235.43	1,373.96	1,596.50
Reserves and Surplus	1,115.23	1,253.76	944.19
Total Borrowing	3,033.12	3,134.34	3,330.78

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

46.91

95.41

Promoter Shareholding (Post-Issue)

32.83

69.81

P/E Ratio

15.47

Market Cap

₹103.63 Cr.

₹56.92 Cr.

ROE

13.87%

ROCE

15.20%

Debt/Equity

2.07

EPS

₹6.59

₹3.37

RoNW

24.46%

13.87

Shares Offered

In the Meson Valves IPO Retail Individual Investors (RII) are offered 14,46,000 shares while in Pramara Promotions IPO retail investors are offered 14,46,000 shares. Qualified Institutional Buyers (QIB) are offered in Meson Valves IPO and in Pramara Promotions IPO.

	Meson Valves IPO	Pramara Promotions IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,56,000 shares	1,24,000 shares
QIB
NII	14,46,000 shares	11,50,000 shares
RII	14,46,000 shares	11,50,000 shares
Employee
Others
Total	28,92,000 shares	23,00,000 shares

Bids Received (Subscription)

Meson Valves IPO subscribed 173.65x in total, whereas Pramara Promotions IPO subscribed 25.71x.

	Meson Valves IPO	Pramara Promotions IPO
QIB (times)
NII (times)	132.74x	33.99x
Big NII (times)
Small NII (times)
RII (times)	203.02x	17.14x
Employee (times)
Other (times)
Total (times)	173.65x	25.71x

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