Meson Valves India was incorporated on August 18, 2016. The company specializes in supplying valves, actuators, strainers, and remote-control valve systems to various industries, both domestically and internationally. Its primary customer base includes naval, oil and gas industries, power, refineries, and general industries, serving both domestic and international markets.
| Bidding Dates |
|---|
| 08 Sep 2023 - 12 Sep 2023 |
| Subscription |
|---|
| 164.82x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 1200 | 3.0 M | ₹102 | 70 % | ₹310.9 M | RHP DOC |
Meson Valves IPO SUBSCRIPTION STATUS
12 Sep '23Meson Valves IPO overall subscription rate was 164.82 times the total available shares
Meson Valves IPO retail subscription rate was 192.63 times in the retail segment
Meson Valves IPO non-institutional investor subscription rate was 137.01 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
12 Sep 2023 (Day 3) | 192.63x | 137.01x | - |
11 Sep 2023 (Day 2) | 85.71x | 14.16x | - |
08 Sep 2023 (Day 1) | 13.79x | 2.02x | - |
Meson Valves FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 45.2 | 366.5 | -71.9 | -76.7 | 19.1% |
| FY22 | 21.3 | 141.0 | -7.1 | -15.3 | 26.6% |
| FY21 | 1.2 | 153.2 | 40.5 | 36.0 | 4.0% |
Meson Valves IPO SUBSCRIPTION STATUS DETAILS
Meson Valves had 3.0 M shares on offer
Meson Valves IPO offer price was ₹102
Meson Valves IPO minimum Investment was ₹122400
Meson Valves IPO issue size was ₹ 310.9 M
Meson Valves had a minimum lot size of 1200 Shares per application
Meson Valves NUMBER OF SHARES ON OFFER
Meson Valves IPO IMPORTANT DATES
| Issue Open Date | 08 Sep 2023 |
| Issue close Date | 12 Sep 2023 |
| Allotment Date | 15 Sep 2023 |
| Refund Date | 18 Sep 2023 |
| Demat Account Credit Date | 20 Sep 2023 |
| Listing Date | 21 Sep 2023 |
| Listing on Exchange(s) | BSE |
| Meson Valves Allotment Status | Exchange |
Meson Valves IPO subscription opened on 08 Sep 2023, and closed on 12 Sep 2023
IPO allotment for Meson Valves was finalized on Friday, 15 Sep 2023
IPO listing for Meson Valves was on BSE on Thursday, 21 Sep 2023
Meson Valves IPO LISTING GAINS
| Issue Price (adjusted) | 102.0 |
| Listing Open Price | 193.8 |
| Listing Close Price | 203.4 |
| Listing Gain% | 90.0% |
| Current Gain% | 89.0% |
Meson Valves Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quest Flow Controls Ltd. | 192.8 | 195.8 | -233.7 | 2.1 | 2.8 | -1 | -0.7 | 70.2 | 3.4 | -0.8 | -113.4 | -0.8 | -113.4 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Meson Valves INFORMATION ON IPO ISSUE
About Meson Valves
Meson Valves India was incorporated on August 18, 2016. The company specializes in supplying valves, actuators, strainers, and remote-control valve systems to various industries, both domestically and internationally. Its primary customer base includes naval, oil and gas industries, power, refineries, and general industries, serving both domestic and international markets.
Object of the Issue
- Purchase of plant and machinery for setting up of manufacturing unit
- Funding working capital requirements, and general corporate purposes
Meson Valves - PROMOTERS
| Name |
|---|
| Brijesh Madhav Manerikar |
| Swaroop Raghuvir Natekar |
| Vivekanand Maruti Redekar |
Meson Valves Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Meson Valves Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Meson Valves Strengths
Customer base across geographies
The company maintains a diverse customer base spanning various industries and global regions, serving both domestic and international markets. Its primary focus is on the B2B customer segment, providing solutions to marine, offshore, oil and gas industries, power, refineries, and general industries
Quality Assurance
The company has been accredited with ISO 45001: 2018, ISO 9001: 2015 & ISO 14001: 2015. These certifications cover the design, development, manufacturing, supply, marketing, sales, and servicing of various valve types, control valves, actuators, strainers, fluid control and management systems, as well as related accessories. These certifications have been granted following audits and certification processes conducted by TUV Austria CERT
Product portfolio
Over the past several years, the company's product mix has evolved, and it has ventured into new product categories. Currently, the company supplies a range of products including valves, actuators, strainers, and remote-control valve systems to industries both in domestic and various international markets
Meson Valves Risks
Outstanding legal proceedings
There are ongoing legal proceedings involving the company, its promoters, and directors. An adverse decision in these proceedings could potentially have a significant negative impact on the company's business
Significant competition
The company operates in a highly competitive business environment, which may have adverse effects on its operations and profitability
Negative cash flows
The company has experienced negative cash flows in previous years, and a continued trend of negative cash flow could potentially impact our growth and overall business
IPO FAQs
The promoters of the company are Brijesh Madhav Manerikar, Swaroop Raghuvir Natekar and Vivekanand Maruti Redekar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 102.0 - 102.0.
The IPO application opens on Sep 08, 2023 and closes on Sep 12, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 122,400.0.
This IPO will be allotted on Sep 15, 2023.
The refund will be credited to your account on Sep 18, 2023.
The allotted shares will be credited to your demat on Sep 20, 2023.
Meson Valves India Ltd.’s shares listed on the stock exchanges on Sep 21, 2023.