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SME IPO Status: Listed [8th Sep 2023 to 12th Sep 2023]
Meson Valves India Limited is offering an SME IPO issue size of 30,48,000 shares worth of Rs 31.09 Cr. The subscription period for this IPO is from Sep 8, 2023 to Sep12, 2023. The face value of the shares is Rs 10 per share and the issue price is fixed at Rs 102 per share and the minimum lot size is 1200 shares or its multiples.
Stay tuned for more information on Meson Valves India Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 8th Sep 2023 |
| SME IPO Issue Closing Date: | 12th Sep 2023 |
| SME IPO Issue Price: | ₹102.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹31.09 Cr |
| Fresh Issue: | ₹31.09 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 46.91% |
| Promoter Holding Post IPO: | 32.83% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543982 |
Get important updates regarding Meson Valves India SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 15th Sep 2023 |
| Refunds Initiation* | 18th Sep 2023 |
| Credit of Shares to Demat* | 20th Sep 2023 |
| SME IPO Listing Date* | 21st Sep 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹102.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹122400 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 21-09-2023 | 102.00 | 93 | 84800 | ₹195 (91.18%) | 21-Sep-2023 10:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Meson Valves India Limited was incorporated in 2016. Meson Valves India Limited is engaged in the business of supplying valves, actuators, strainers and remote controlled valve systems to the industry in the domestic and international markets. The company mainly caters to the marine, oil and gas, pharmaceutical, refinery and general industries both domestically and internationally.
The company is engaged in the installation, purchase, sale, distribution, import, export and other trading of products such as valves, actuators, remote control systems, control panels, tanks, visualization systems, piping, pumps, valves, gaskets, flanges and measuring instruments. They also deal with the installation, maintenance, servicing or otherwise handling of equipment and services that control and manage all products such as valves, actuators, remote control systems, control panels, tanks, visualization systems, piping, pumps, valves, gaskets, flanges and measuring instruments.
The company product range has evolved in recent years as new product categories have been added. The company strives to continuously expand its product portfolio by adding new designs and types to its existing portfolio. The company is in constant contact with its customers by conducting marketing activities through personal interactions with them. The sales team works closely with customers to get their insights and feedback on the upcoming trends in the industry, which enables us to improve the product portfolio and meet the demands of the market. The Company has two business segments, (i) domestic sales and (ii) export.
The Company intends to expand its business by entering the segment of manufacturing valves, actuators, remote control systems, control panels, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges and measuring instruments. Currently, the company supplies valves, actuators, strainers, and remote valve systems to industries both domestically and abroad.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Manufacturing (Machinery & Equipments) | ₹31.09 Cr | https://mvi.ltd/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,446,000 (50%) | 1,446,000 (50%) | 2,892,000 | |
| 1 | 8th Sep 2023 19:04 | 2.11x | 14.53x | 8.33x |
| 2 | 11th Sep 2023 19:04 | 14.38x | 90.33x | 52.58x |
| 3 | 12th Sep 2023 19:04 | 132.74x | 203.02x | 173.65x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Meson Valves India Limited | 6.59 | 6.59 | 26.72 | 15.47 | 24.46 |
Last Updated on 25-Sep-2023 06:02:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Meson Valves India SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Meson Valves India SME IPO with Zerodha.
Alternate approch to apply in Meson Valves India SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Meson Valves India SME IPO Review and Important Updates
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To subscribe or apply in Meson Valves India SME IPO, you can use the following methods:
| Meson Valves India SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Meson Valves India SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Meson Valves India SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Meson Valves India SME IPO. Most of the Syndicate Banks provide access to apply in Meson Valves India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Meson Valves India SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Meson Valves India SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Meson Valves India SME IPO Review and Important Updates
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Meson Valves India SME IPO is going to be list on 21-09-2023. BSE Code for Meson Valves India is 543982.
Other relevant questions:
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Meson Valves India SME IPO Allotment Date is 15-09-2023.
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