Fixed Price IPO | ₹31 Cr | Listed at BSE SME | Fri, Sep 8, 2023 - Tue, Sep 12, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 8, 2023
IPO Close
Tue, Sep 12, 2023
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹103.63 Cr
| IPO Date | 8 to 12 Sep, 2023 |
| Listed on | Thu, Sep 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,48,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 1,56,000 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 28,92,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 28,92,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 71,12,062 shares |
| Share Holding Post Issue | 1,01,60,062 shares |
| BSE Script Code | 543982 |
| ISIN | INE0OYE01013 |
Meson Valves IPO comprises a total issue size of 30,48,000 shares. The net offer to the public is 28,92,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,46,000 (50.00%) allocated to NII 14,46,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,46,000 | 50.00% | 47.44% |
| Retail Shares Offered | 14,46,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.12% | |
| Total Shares Offered | 30,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 45.09 | 27.39 | 21.06 |
| Total Income | 37.19 | 14.32 | 15.42 |
| Profit After Tax | 4.52 | 2.13 | 0.12 |
| NET Worth | 18.50 | 2.68 | 0.55 |
| Reserves and Surplus | 11.57 | 2.61 | 0.48 |
| Total Borrowing | 11.24 | 9.24 | 9.18 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant and Machinery for setting up of Manufacturing unit; | 11.37 |
| 2 | Funding working capital requirements; and | 11.95 |
| 3 | General corporate purposes | 7.26 |
| KPI | |
|---|---|
| RoNW | 24.46% |
| PAT Margin | 12.34% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.59 | |
| P/E (x) | 15.47 | 22.92 |
| Promoter Holding | 46.91% | 32.83% |
| Market Cap | ₹103.63 Cr. |
The Meson Valves India IPO is subscribed 173.65 times on September 12, 2023 7:02:00 PM (Day 3). The public issue subscribed 203.02 times in the retail category, [.] times in the QIB category, and 132.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 132.74 | 14,46,000 | 19,19,35,200 |
| Retail | 203.02 | 14,46,000 | 29,35,66,800 |
| Total | 173.65 | 28,92,000 | 50,22,08,400 |
Total Application : 3,25,422
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of offer stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹193.80 |
| Low | ₹193.80 |
| High | ₹203.45 |
| Last Trade | ₹203.45 |
Lead Manager Reports
Meson Valves IPO is a SME IPO of 30,48,000 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Sep 8, 2023, and closes on Tue, Sep 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 Fri, Sep 8, 2023 and closes on Tue, Sep 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 Wed, Sep 20, 2023. Check the Meson Valves IPO allotment status.
The Meson Valves IPO listing date is on Thu, Sep 21, 2023.
