Unlocking the Potential of Meson Valves India IPO
In the fast-paced world of finance, one opportunity often stands out among the rest, and that’s the Meson Valves India IPO. This eagerly anticipated initial public offering is scheduled to open its doors on September 8, 2023, with a closing date of September 12, 2023. With a targeted fundraising of ₹31.09 crores, Meson Valves India aims to make a significant mark in the market. Let’s dive into the details and discover what makes this IPO worth considering.
Introduction to Meson Valves India
Meson Valves India Limited specializes in the supply of valves, actuators, strainers, and remote-control valve systems to both domestic and international markets. Their primary clientele includes naval, oil and gas industries, power plants, refineries, and general industries.
The company’s portfolio goes beyond supply; they are involved in assembling, purchasing, selling, distributing, importing, exporting, and servicing a wide range of products related to their field. From valves and actuators to control cabinets and measurement devices, Meson Valves India covers it all.
Key Offerings and Global Reach
Meson Valves India sources its products from around the globe, including countries like Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates. In the domestic market, they procure products from states such as Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana. This global network ensures a diverse range of offerings and a robust supply chain.
Objectives of the IPO
The Meson Valves India IPO aims to achieve the following objectives:
- Purchase of Plant and Machinery: To establish a manufacturing unit and bolster production capabilities.
- Funding Working Capital: Ensuring smooth day-to-day operations and sustained growth.
- General Corporate Purposes: Supporting overall business expansion and development.
IPO Details at a Glance
Here’s a quick summary of the Meson Valves India IPO:
- IPO Open Date: September 8, 2023
- IPO Close Date: September 12, 2023
- IPO Size: Approximately ₹31.09 Crores (3,048,000 Equity Shares)
- Face Value: ₹10 Per Equity Share
- IPO Price Band: ₹102 Per Equity Share
- IPO Listing on: BSE SME
- Retail Quota: 50% of the net offer
- NII Quota: 50% of the net offer
Also Read : EMS IPO Grey Market Premium (GMP) Update: Awaiting Strong Listing Performance
Market Lot and Application
Investors looking to participate in the Meson Valves India IPO should note that the minimum market lot is 1200 shares, with an application amount of ₹122,400.
IPO Timeline
Mark your calendars with these important IPO dates:
- Basis of Allotment: September 15, 2023
- Refunds: September 18, 2023
- Credit to Demat Account: September 20, 2023
- IPO Listing Date: September 21, 2023
Stay updated on your IPO subscription status and allotment status by visiting the respective pages.
How to Apply for Meson Valves India IPO
Investors can apply for the Meson Valves India IPO through ASBA available in their bank accounts. Alternatively, you can opt to download the IPO forms via the BSE website and submit them through your bank or broker.
Financial Performance
Let’s take a glimpse at Meson Valves India’s financial report:
- 2021: Revenue ₹15.42 Crores, Expense ₹15.22 Crores, PAT ₹0.12 Crores
- 2022: Revenue ₹14.32 Crores, Expense ₹11.33 Crores, PAT ₹2.13 Crores
- 2023: Revenue ₹37.19 Crores, Expense ₹30.99 Crores, PAT ₹4.52 Crores
Valuation Insights
In FY2023, Meson Valves India showcases:
- Earning Per Share (EPS): ₹6.59 per Equity Share
- Price/Earning P/E Ratio: 15.47
- Return on Net Worth (RoNW): 24.46%
- Net Asset Value (NAV): ₹38.47 per Equity Share
Meet the Promoters
The company is promoted by:
- Mr. Brijesh Madhav Manerikar
- Mr. Swaroop Raghuvir Natekar
- Mr. Vivekanand Maruti Redekar
- India Futuristic Marine Private Limited
IPO Registrar
Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: Maashitla Securities
Allotment Status
Track your allotment status on the Maashitla Securities website.
Company Address
Meson Valves India Limited Plot No. L-45, First Floor, Software Technology Park, Verna Industrial Estate, Salcete, Verna – 403722 Phone: 08322954198 Email: investor@mvi.ltd Website: Meson Valves India
Frequently Asked Questions (FAQs)
- What is Meson Valves India IPO? Meson Valves India IPO is a BSE SME IPO aiming to raise ₹31.09 Crores through shares priced at ₹102 each, scheduled for listing on BSE.
- When will Meson Valves India IPO open? The IPO opens on September 8, 2023, for QIB, NII, and Retail Investors.
- What is the investors’ portion for Meson Valves India IPO? QIB: [.]%, NII: 50%, Retail: 50%.
- How can I apply for the Meson Valves India IPO? You can apply online via ASBA or UPI through your stock brokers, or by filling the offline form.
- When is the Meson Valves India IPO Allotment Date? The allotment date is September 15, 2023.
- When is the Meson Valves India IPO Listing Date? The IPO is set to list on BSE SME on September 21, 2023.
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