In this article you get to know insight about Meson Valves India Limited IPO Details. Meson Valves India Limited, formerly known as Sander Meson India Private Limited, commenced its operations in 2016 as a prominent supplier of valves, actuators, Strainers, and remote-control valve systems. With a global presence, the company serves a diverse clientele in both domestic and international markets.
Business Spectrum: Meson Valves India specializes in a wide range of activities, encompassing the assembly, procurement, distribution, import, export, and sales of various products. Their offerings include valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. The company provides essential services related to equipment installation, maintenance, servicing, and management.
Manufacturing Excellence: Located in Bhamboli, Khed, Pune, Maharashtra, Meson Valves India operates a state-of-the-art manufacturing unit. This facility plays a pivotal role in the assembly and production of their high-quality products.
Global Procurement: The company sources components and products from several countries, including Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates. On the domestic front, they acquire materials from various states, such as Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana.
Dual Business Focus: Meson Valves India divides its business operations into two key segments: domestic sales and exports. They have established a strong presence in multiple Indian states, including Andhra Pradesh, Assam, Goa, Gujarat, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka. Internationally, they serve clients in countries like Germany, South Korea, Oman, Russia, Sweden, United Arab Emirates, Sri Lanka, Qatar, and Thailand.
Market Leader: With a robust product portfolio and an extensive geographical reach, Meson Valves India Limited is a market leader in delivering top-notch valves, actuators, and related equipment to a wide array of industries. Their commitment to serving a global clientele underscores their position as a trusted supplier in the industry.
Objects of the Issue
- Purchase of Plant and Machinery for setting up of Manufacturing unit.
- Funding working capital requirements, and general corporate purposes.
Meson Valves India IPO Details
| IPO Date | September 8, 2023 to September 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹102 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,048,000 shares (aggregating up to ₹31.09 Cr) |
| Fresh Issue | 3,048,000 shares (aggregating up to ₹31.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing | BSE SME |
| Share holding pre issue | 7,112,062 |
| Share holding post issue | 10,160,062 |
| Market Maker portion | 156,000 shares |
Meson Valves India IPO Reservation
Market Maker Shares Offered: 156,000 shares, which represents 5.12% of the total offering. These shares are typically reserved for market makers who facilitate trading in the securities of the company.
Other Shares Offered: 1,446,000 shares, constituting 47.44% of the total offering. This category likely includes shares offered to institutional investors or other specific groups apart from retail investors and market makers.
Retail Shares Offered: Another 1,446,000 shares, making up 47.44% of the total offering. These shares are targeted at individual retail investors who want to participate in the offering.
Total Shares Offered: The grand total of shares being offered in this offering is 3,048,000 shares, representing 100% of the offering.
The breakdown provides a clear picture of how the shares are allocated among different categories of investors, including market makers, institutional investors, and retail investors, for this particular offering.
Meson Valves India IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| HNI (Min) | 2 | 2,400 | ₹244,800 |
Meson Valves India IPO Promoter Holding
Promoters: Mr. Brijesh Madhav Manerikar, Mr. Swaroop Raghuvir Natekar, Mr. Vivekanand Maruti Redekar, and India Futuristic Marine Private Limited are the promoters of the company.
Pre Issue Shareholding (46.91%): Before the issuance of new shares (such as through an Initial Public Offering – IPO), the promoters collectively held a 46.91% stake in the company. This means they owned this percentage of the company’s shares.
Post Issue Shareholding (32.83%): After the issuance of new shares, which is common in an IPO when the company goes public, the promoters’ collective shareholding decreased to 32.83%. This decrease indicates that a portion of the company’s shares was sold to external investors during the IPO.
Meson Valves India IPO Tentative Dates
| IPO Open Date | Friday, September 8, 2023 |
| IPO Close Date | Tuesday, September 12, 2023 |
| Basis of Allotment | Friday, September 15, 2023 |
| Initiation of Refunds | Monday, September 18, 2023 |
| Credit of Shares to Demat | Wednesday, September 20, 2023 |
| Listing Date | Thursday, September 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2023 |
FAQ
What is Meson Valves India IPO?
Meson Valves India IPO is an BSE SME IPO. They are going to raise ₹31.09 Crores via IPO. The issue is priced at ₹102 per equity share. The IPO is to be listed on BSE.
When Meson Valves India IPO will open?
The IPO is to open on September 8, 2023 for QIB, NII, and Retail Investors.
How to Apply the Meson Valves India IPO?
You can apply Meson Valves India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Meson Valves India IPO through Zerodha?
- Use your login credentials to sign in to the Zerodha website or the mobile application.
- Once logged in, navigate to the “Portfolio” section.
- Inside the Portfolio section, locate and click on the “IPO” option.
- Look for the IPO named “Meson Valves India” and select it.
- Click on the “Bid” button to initiate your IPO bid.
- Provide your UPI ID, specify the quantity of shares you wish to apply for, and enter the price per share, if applicable.
- After entering the necessary details, submit the IPO application form.
- Now, access your UPI app through Net Banking or the BHIM app to approve the mandate associated with your IPO application.
How to Apply the Meson Valves India IPO through Upstox in 2023 ?
- Use your login credentials to sign in to the Upstox Application.
- Once logged in, navigate to the IPO section.
- Look for the IPO named “Meson Valves India” and select it.
- Click on the “Bid” button to place your bid for the IPO shares.
- Confirm your application after entering the necessary details.
- Open your UPI app on Net Banking or the BHIM app to approve the mandate for the IPO application.
What is Meson Valves India IPO Size?
Meson Valves India IPO size is ₹31.09 crores.
What is Meson Valves India IPO Price Band?
Meson Valves India IPO Price Band is ₹102 per equity share.
What is Meson Valves India IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹122,400.
What is Meson Valves India IPO Allotment Date?
Meson Valves India IPO allotment date is September 15, 2023.
What is Meson Valves India IPO Listing Date?
Meson Valves India IPO listing date is September 21, 2023. The IPO to list on BSE SME.