Meson Valves India Limited, born in 2016, originally known as Sander Meson India Private Limited, is a company that deals in valves, actuators, Strainers, and remotecontrol valve systems. They serve clients both locally and internationally.
WHAT DOES MESON VALVES INDIA DO?
Meson Valves India is in the business of assembling, buying, selling, distributing, importing, exporting, and managing various products. These products include valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. They also offer services related to these products, including installation, maintenance, and servicing.
WHERE IS MESON VALVES INDIA LOCATED?
Meson Valves India operates from its manufacturing unit in Bhamboli, Khed, Pune, Maharashtra. They source products from countries such as Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates. In India, they also acquire products from states like Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana.
MESON VALVES INDIA’S BUSINESS DIVISIONS AND PRESENCE
Meson Valves India has two primary business divisions:
- Domestic Sales: They have a strong presence in various Indian states, including Andhra Pradesh, Assam, Goa, Gujarat, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka. This presence is based on their sales performance for the years ending on March 31, 2023, 2022, and 2021.
- Exports: Internationally, Meson Valves India exports its products to countries such as Germany, South Korea, Oman, Russia, Sweden, the United Arab Emirates, Sri Lanka, Qatar, and Thailand, expanding its global reach.
ALL ABOUT MESON VALVES INDIA IPO
The Meson Valves India IPO is a Fixed Price Issue with the following details:
 IPO Size: The total issue size is Rs 31.09 Crores.
 IPO Price: Each share is priced at ₹102.
 IPO Dates: The IPO is open for subscription from September 8, 2023, to September 12, 2023.
 Listing Date: The listing date is yet to be specified.
 Face Value: The face value of each share is ₹10.
 Lot Size: The minimum lot size is 1200 shares.
 Total Issue Size: There are 3,048,000 shares on offer, aggregating up to ₹31.09 Crores.
 Issue Type: This is a Fixed Price Issue IPO.
 Listing Exchange: The IPO will be listed on BSE SME.
MESON VALVES INDIA IPO RESERVATION
The Meson Valves India IPO offers a total of 3,048,000 shares, allocated as follows:
Retail Individual Investors (RII): 1,446,000 shares (47.44%)
Non Institutional Investors (NII): 1,446,000 shares (47.44%)
 Market Maker: 156,000 shares (5.12%)
 Other Categories: 1,446,000 shares (47.44%)
 Total Shares Offered: 3,048,000 (100%)
MESON VALVES INDIA’S FINANCIALS
Let’s take a look at Meson Valves India’s financial performance:
(Amounts in Crores)
| Period Ended | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|
| Assets | 2,105.58 | 2,738.78 | 4,509.01 |
| Revenue | 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 |
Key Performance Indicators
P/E (Price to Earnings Ratio): 15.47
EPS (Earnings Per Share): ₹6.59
RoNW (Return on Net Worth): 24.46%
What’s the Purpose of the IPO?
Meson Valves India plans to utilize the net proceeds from the IPO for the following purposes:
- Purchase of Plant and Machinery: They intend to set up a manufacturing unit.
- Funding Working Capital Requirements: These funds will be used for general corporate purposes.
Meson Valves India IPO Review (Consider Carefully)
[Dilip Davda] Â The company, primarily involved in supplying industrial components and related services, is planning to venture into manufacturing. Based on FY23 earnings, the issue appears to be aggressively priced. Concerns exist regarding the sustainability of such margins in the future. Consider your options carefully before investing in this relatively expensive offering.
Meson Valves India IPO Subscription Status (Bidding Detail)
As of September 8, 2023, at 7:02 PM, the Meson Valves India IPO has received a subscription of 8.33 times. Notable subscription figures include 14.53 times in the retail category, [subscription figure] times in the QIB category, and 2.11 times in the NII category.
Meson Valves India IPO Timetable (Tentative)
 IPO Opens: September 8, 2023
 IPO Closes: September 12, 2023
 Basis of Allotment: September 15, 2023
 Initiation of Refunds: September 18, 2023
 Credit of Shares to Demat: September 20, 2023
 Listing Date: September 21, 2023
 Cutoff time for UPI mandate confirmation: 5 PM on September 12, 2023
Meson Valves India IPO Lot Size
The minimum lot size for the Meson Valves India IPO is 1200 shares, requiring an investment of ₹122,400.
Meson Valves India IPO Promoter Holding
The promoters of the company include Mr. Brijesh Madhav Manerikar, Mr. Swaroop Raghuvir Natekar, Mr. Vivekanand Maruti Redekar, and India Futuristic Marine Private Limited. The preissue shareholding stands at 46.91%, which will reduce to 32.83% postissue.
Meson Valves IPO Subscription Status
The SME IPO has received robust demand from investors as the issue got oversubscribed on the first day itself. Meson Valves India IPO has been subscribed 5.43 times so far on September 8, the first day of the bidding process. The issue received bids for 1.57 crore equity shares as compared to 28.92 lakh shares on the offer.
Meson Valves IPO GMP Today
Meson Valves IPO GMP today, or grey market premium today, is ₹90 per share, as per topsharebrokers.com. This means Meson Valves shares are trading higher by ₹90 than their issue price, in the grey market. Considering the issue price and the GMP today, Meson Valves shares’ estimated listing price is ₹192 apiece, which is 88.24% premium to the issue price.
In Simple Terms: What Does All This Mean?
Meson Valves India is a company that makes and sells valves and related equipment. They want to raise money by selling shares to the public, and people can buy these shares in the IPO. The company plans to use the money they get from selling shares to buy machinery for a new factory and to run their business.
Before investing, it’s important to know that some experts think the IPO is priced too high, so it’s a good idea to be cautious. The IPO has been quite popular, with many people wanting to buy the shares. In fact, on the first day, the demand for shares was much higher than what was available.
In the unofficial market, people are willing to pay ₹90 more for each share than the IPO price. This means that the shares might start trading at ₹192 each when they are officially listed.
Investing in an IPO can be a good opportunity, but it’s also important to understand the risks and do your research before making a decision. Make sure to consider your options carefully and consult with experts if needed.