Company Background: Meson Valves India Limited, formerly known as Sander Meson India Private Limited, is a supplier of valves, actuators, Strainers, and remote-control valve systems. Meson Valves India Limited serve both domestic and international markets.
Business Spectrum: The company is involved in assembly, procurement, distribution, import, export, and sales of various products related to valves and related equipment. They also offer installation, maintenance, servicing, and management services.
Manufacturing Facility: Their manufacturing unit is located in Bhamboli, Khed, Pune, Maharashtra, where they produce high-quality products.
Global Procurement: Meson Valves sources components and products from various countries and states, both domestically and internationally.
Market Leader: They are a market leader in delivering valves, actuators, and related equipment to industries worldwide.
IPO Details:
IPO Date: September 8, 2023. to September 12, 2023.
Face Value: ₹10 per share.
IPO Price: ₹102 per share.
Lot Size: 1200 shares.
Total Issue Size: 3,048,000 shares, aggregating up to ₹31.09 Crores.
Issue Type: Fixed Price Issue IPO.
Listing: BSE SME.
Shareholding: Pre-issue shareholding was 7,112,062, and post-issue shareholding is 10,160,062.
Market Maker Portion: 156,000 shares.
IPO Reservation:
Market Maker Shares Offered: 156,000 shares (5.12% of the total offering).
Other Shares Offered: 1,446,000 shares (47.44% of the total offering).
Retail Shares Offered: 1,446,000 shares (47.44% of the total offering).
Total Shares Offered: 3,048,000 shares (100% of the offering).
IPO Lot Size:
Retail (Min): 1 lot (1200 shares, ₹122,400).
Retail (Max): 1 lot (1200 shares, ₹122,400).
HNI (Min): 2 lots (2400 shares, ₹244,800).
Promoter Holding:
Promoters: Mr. Brijesh Madhav Manerikar, Mr. Swaroop Raghuvir Natekar, Mr. Vivekanand Maruti Redekar, and India Futuristic Marine Private Limited.
Pre Issue Shareholding: 46.91%.
Post Issue Shareholding: 32.83%.
Tentative IPO Dates:
IPO Open Date: September 8, 2023.
IPO Close Date: 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.
Cut-off time for UPI mandate confirmation: 5 PM on September 12, 2023.
FAQ
When does the IPO open?
September 8, 2023, for QIB, NII, and Retail Investors.
How to apply for Meson Valves India IPO?
You can apply online through ASBA via your bank account, UPI through stock brokers, or by filling up the offline form.
What is the IPO size?
₹31.09 Crores.
Price Band ?
₹102 per equity share.
Minimum and Maximum Lot Size?
1200 shares (₹122,400).
Allotment Date?
September 15, 2023
Listing Date?
September 21, 2023, on BSE SME.
