IPO Issue Details
Issue Price / Price Band₹102 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size30,48,000 shares (aggregating up to ₹31.09 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 08 Sep 2023
Subscription CloseTue, 12 Sep 2023
Anchor AllotmentThu, 07 Sep 2023
Basis of AllotmentFri, 15 Sep 2023
Initiation of RefundsMon, 18 Sep 2023
Credit of Shares to DematWed, 20 Sep 2023
Listing DateThu, 21 Sep 2023
UPI Mandate Deadline2023-09-12
Application & Investment Details
Retail — Min (1 Lots)₹1,22,400 — 1,200 shares
Retail — Max (13 Lots)₹1,591,200 (13 Lots)
HNI — Min (2 Lots)₹2,44,800 — 2,400 shares
EPS (Pre-IPO)₹6.59
P/E Ratio (Pre-IPO)15.47x
P/E Ratio (Post-IPO)22.92x
Net Offer to Public28,92,000 shares (aggregating up to ₹29.50 Cr)
Reserved for Market Maker1,56,000 shares (aggregating up to ₹1.59 Cr)
Pre-IPO Promoter Holding71,12,062 shares
Post-IPO Promoter Holding1,01,60,062 shares
About Meson Valves India Ltd
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.
Objects of the Issue
Meson Valves India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
71,12,062 shares
Post-IPO Promoter Holding
1,01,60,062 shares