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Meson Valves IPO is a fixed price issue of ₹31.09 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹31.09 crore.
Meson Valves IPO bidding started from Sep 8, 2023 and ended on Sep 12, 2023. The allotment for Meson Valves IPO was finalized on Sep 15, 2023. The shares got listed on BSE SME on Sep 21, 2023.
Meson Valves IPO price is ₹102.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,22,400 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,44,800.
Shreni Shares Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Meson Valves IPO RHP for detailed Information.
| IPO Date | September 8, 2023 to September 12, 2023 |
| Listing Date | September 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,48,000 shares (aggregating up to ₹31.09 Cr) |
| Reserved for Market Maker | 1,56,000 shares Shreni Shares Ltd. (aggregating up to ₹1.59 Cr) |
| Net Offered to Public | 28,92,000 shares (aggregating up to ₹29.50 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 71,12,062 shares |
| Share Holding Post Issue | 1,01,60,062 shares |
Meson Valves India IPO offers total 30,48,000 shares. Out of which 14,46,000 (47.44%) allocated to NII, 14,46,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.12%) |
| NII (HNI) Shares Offered | 14,46,000 (47.44%) |
| Retail Shares Offered | 14,46,000 (47.44%) |
| Total Shares Offered | 30,48,000 (100.00%) |
Meson Valves IPO opens on September 8, 2023, and closes on September 12, 2023.
| IPO Open Date | Fri, Sep 8, 2023 |
| IPO Close Date | Tue, Sep 12, 2023 |
| Tentative Allotment | Fri, Sep 15, 2023 |
| Initiation of Refunds | Mon, Sep 18, 2023 |
| Credit of Shares to Demat | Wed, Sep 20, 2023 |
| Tentative Listing Date | Thu, Sep 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 12, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 |
The market capitalization of Meson Valves IPO is ₹103.63 Cr.
| KPI | Values |
|---|---|
| RoNW | 24.46% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is in the business of supplying industrial components and related services. It is planning to enter the manufacturing activities. Based on FY23 super earnings, the issue appears greedily priced. The sustainability of such margins going forward is a major concern. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | September 21, 2023 |
| BSE Script Code | 543982 |
| NSE Symbol | |
| ISIN | INE0OYE01013 |
| Final Issue Price | ₹102 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹193.80 |
| Low | ₹193.80 |
| High | ₹203.45 |
| Last Trade | ₹203.45 |
Meson Valves India Ltd.
Plot No. L-45, First Floor,
Software Technology Park, Verna Industrial Estate,
Salcete,
South Goa, Goa, 403722
Phone: 08322954198
Email: investor@mvi.ltd
Website: https://mvi.ltd/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Meson Valves IPO is a SME IPO of 30,48,000 equity shares of the face value of ₹10 aggregating up to ₹31.09 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on September 8, 2023, and closes on September 12, 2023.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Meson Valves IPO using UPI as a payment gateway. Zerodha customers can apply in Meson Valves IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Meson Valves IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Meson Valves IPO opens on September 8, 2023 and closes on September 12, 2023.
Meson Valves IPO lot size is 1200, and the minimum amount required for application is ₹1,22,400.
You can apply in Meson Valves IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Meson Valves IPO will be done on Friday, September 15, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 20, 2023. Check the Meson Valves IPO allotment status.
The Meson Valves IPO listing date is on Thursday, September 21, 2023.
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