Meson Valves India Limited IPO is set to launch on 8 September, 2023. The company initiated its business operations in the year 2016. It is a supplier of actuators, valves, Strained, remote control valve systems etc. Its business vertical includes selling, buying, importing, distribution, exporting and dealing in various products like tanks, control cabinets, valves, piping, actuators, visualisation systems, gaskets, fittings, pumps, flanges, measurement devices etc. Its manufacturing unit is located in Pune. The company’s imports are done from Denmark, South Korea, Poland, Germany, Netherlands, Turkey, Sweden etc. Its presence is marketed in various states like Assam, Andhra Pradesh, Gujarat, Goa, Maharashtra, Kerala, karnataka, West bengal etc. Its international presence is Russia, Oman, South Korea, Germany, UAE, Qatar, Sri Lanka, Thailand etc.
Meson Valves India Limited IPO DETAILS
Meson Valves India Limited IPO is set to launch on 8 September, 2023. The subscription timeline extends till 12 September, 2023. The size for the IPO is 31.09 Crore Rs. Shares issued through fresh issue mode are worth 31.09 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 102 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Maashithla Securities Private Limited.
Tabular Description of Meson Valves India Limited IPO
IPO OPENING DATE | 8 September, 2023 |
CLOSING DATE FOR IPO | 12 September, 2023 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 102 Rs per share |
LOT SIZE | 1200 shares |
MINIMUM ORDER QUANTITY | 1200 shares |
ISSUE SIZE | 31.09 Crore Rs. |
OFFER FOR SALE | No shares are issued through offer for sale mode |
FRESH ISSUE | 31.09 Crore Rs. |
LISTING AT | BSE SME |
LISTING DATE | 21 September, 2023 |
Meson Valves India Limited IPO : IMPORTANT DATES
IPO OPENING DATE | 8 September, 2023 |
CLOSING DATE FOR IPO | 12 September, 2023 |
IPO ALLOTMENT DATE | 15 September, 2023 |
REFUNDS | 18 September, 2023 |
DEMAT A/C CREDITED ON | 20 September, 2023 |
IPO LISTING DATE | 21 September, 2023 |
Meson Valves India Limited IPO begins for subscription from 8 September, 2023. The IPO subscription would continue till 12 September, 2023. The allotment status for the shareholders who applied would come on 15 September, 2023. The refunds for the ones who did not get allotment would be initiated on 18 September, 2023. The DEMAT accounts of shareholders would be credited on 20 September, 2023. The listing of the company would be completed on 21 September 2023.
Meson Valves India Limited IPO : Lead Managers
The lead managers are :
- Shreni Shares Private Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 122400 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 244800 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 1200 shares | 122400 Rs. |
Maximum | 2400 shares | 244800 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funds will also be used for expansion purposes.
COMPANY FINANCIALS
Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
ASSETS | 2105 | 2738 | 4509 |
Revenue | 1542 | 1431 | 3719 |
PAT | 11 | 212 | 452 |
Meson Valves India Limited had an asset base of 2105 Lakh Rs in 2021 which increased to 2738 Lakh Rs in 2022 and 4509 Lakh Rs in 2023. The revenue of the firm was 1542 Lakh Rs in 2021, 1431 lakh Rs in 2022 and 3719 Lakh Rs in 2023. The producer of the firm was 11 Lakh Rs in 2021, 212 Lakh rs in 2022 and 452 Lakh Rs in 2023.
PROS
- Its business vertical includes selling, buying, importing, distribution, exporting and dealing in various products like tanks, control cabinets, valves, piping, actuators, visualisation systems, gaskets, fittings, pumps, flanges, measurement devices etc.
- Its manufacturing unit is located in Pune.
- The company’s imports are done from Denmark, South Korea, Poland, Germany, Netherlands, Turkey, Sweden etc.
- Its presence is marketed in various states like Assam, Andhra Pradesh, Gujarat, Goa, Maharashtra, Kerala, karnataka, West bengal etc.
- Its international presence is Russia, Oman, South Korea, Germany, UAE, Qatar, Sri Lanka, Thailand etc.
CONS
- The company works in a highly competitive segment.
Meson Valves India Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Meson Valves India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.