Meson Valves India LTD IPO : Review, Date, Valuation & Todays GMP

Meson Valves India Limited - Complete Overview

Founded in 2016, Meson Valves India Limited specializes in the provision of valves, actuators, strainers, and remote-control valve systems to both domestic and international industries. The company primarily serves sectors including Naval, Oil and Gas, Power, Refineries, and General Industries.

Meson Valves India engages in activities such as assembly, procurement, distribution, import, export, and servicing of various products, including valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices.

The company holds multiple quality certifications and operates its assembly unit in Village Bhamboli, Khed, Pune, Maharashtra, India. It sources its products for assembly and distribution from various countries worldwide, including Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates. In the domestic market, it procures products from states like Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana.

Meson Valves India operates two business divisions: domestic sales and exports. Its presence spans across states in India, including Andhra Pradesh, Assam, Goa, Gujarat, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka. Internationally, the company supplies products to countries such as Germany, South Korea, Oman, Russia, Sweden, the United Arab Emirates, Sri Lanka, Qatar, and Thailand.

For the financial year ending on March 31, 2023, 2022, and 2021, the company reported export revenues of Rs. 43.82 lakhs, Rs. 108.64 lakhs, and Rs. 156.97 lakhs, respectively.

 

What does the company do? 

Meson Valves India Limited operates in the business of providing valves, actuators, strainers, and remote-control valve systems to various industries in both domestic and international markets.

 

 

Company Products

Gate Valve, Globe Valve (SDNR), Lift Type Check Valve, Wafer/Disc Valve, Compact Type Ball Valve, Side Entry Ball Valve, Top Entry Ball Valve, Centic Butterfly Type Of Valve, Double Offset Butterfly Type Of Valve, Triple Offset Butterfly Type Of Valve, Self Closing valves, Quick closing valve, Basket Type Strainer, Y Type Strainer, Fire Hydrant Valve, Strom Valve, Ballast Control System, and Tank Gauging System.

 

IPO Overview 

The Meson Valves India IPO date is scheduled from September 8 to September 12, 2023. This is an SME IPO and it follows a Fixed Price Issue model, with the company aiming to raise Rs. 31.09 Crores to fulfil specific objectives.

Meson Valves India Limited IPO price is Rs. 102 per share, with a face value of Rs. 10 per share. Each lot consists of 1200 shares, and retail investors have the opportunity to invest in a minimum and maximum of 1 lot.

For updates on upcoming IPOs, you can refer to the Finowings IPO section to stay informed.

 

Meson Valves India Limited IPO timetable (Tentative)

EVENTS	DATE
IPO Opening Date	8 September 2023
IPO Closing Date	12 September 2023
IPO Allotment Date	15 September 2023
Refund initiation	18 September 2023
IPO Listing Date	21 September 2023

 

Meson Valves India Limited IPO Details

IPO Opening & Closing Date	8 September to 12 September 2023
Face Value	Rs.10 Per Share
Issue Price	Rs. 102 Per Share
Lot Size	1200 Shares
Price of 1 Lot	Rs. 122,400
Issue Size	3,048,000 Shares (aggregating up to Rs. 31.09 Cr)
Offer for Sale	NA
Fresh Issue	3,048,000 Shares (aggregating up to Rs. 31.09 Cr)
Listing at	BSE, NSE
Issue Type	Fixed Price Issue IPO
Registrar	Maashitla Securities Pvt. Ltd.

 

Meson Valves India Limited IPO Lot Details

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
Minimum Lot Investment (HNI)	2 Lot

 

Meson Valves India Limited IPO Reservation

Other Investors Share Portion	50%
Retail Investors share Portion	50%

 

Company Financial

Amount in Lakhs

Period	FY - 21	FY - 22	FY - 23
Total Assets	2105.58	2738.78	4509.01
Total Revenue	1542.35	1431.57	3719.30
PAT	11.81	212.54	452.43
Net Worth	55.17	267.71	1849.57
Reserve & Surplus	48.17	260.71	1157.32
Total Borrowings	918.26	923.93	1124.16

 

Objective of the Issue

The company intends to deploy the funds raised for the following objectives:  

• Acquiring plant and machinery to establish a manufacturing unit.
• Providing financial support for working capital needs.
• Addressing general corporate requirements.

 

Promoters and Management of Meson Valves India Limited

Mr Brijesh Madhav Manerikar, Mr Swaroop Raghuvir Natekar, and Mr Vivekanand Maruti Redekar are the promoters of the company.

Pre-issue Promoter shareholding	46.91%
Post-issue Promoter shareholding	32.83%

 

Peer Comparison 

As per the Meson Valves India Limited DRHP, no companies, either in India or abroad, are currently listed and involved in developing a product solution similar to what the Company offers.

 

IPO's Valuations

To determine the IPO valuation, we can utilize the information provided by the company. The IPO listing price is set at Rs. 102 per share and the company's EPS stands at Rs. 6.59, the P/E ratio of the company, based on the issue price, is 15.47.

 

Dividend Policy

The company has not distributed any dividends in the past, and the payment of future dividends will depend upon the financial performance of the company. 

 

IPO's Strengths

• Highly skilled Promoters and Management Team.
• Diverse customer base spanning different regions and industries.
• Robust Quality Assurance practices.
• Extensive range of products in the portfolio.

 

IPO Weaknesses 

• The Company, Promoters, and Directors are currently involved in unresolved legal proceedings.
• The company lacks long-term agreements with its suppliers.
• The company is exposed to credit risk from counterparties.
• Restated financial statements have been provided by chartered accountants who are not the Company's statutory auditors.
• There have been instances of past delays, non-filing, and non-compliance with certain statutory regulations.
• The company is susceptible to adverse effects from fluctuations in foreign currency exchange rates.
• The company faces significant competition within its industry.
• The company requires numerous approvals, NOCs, licenses, registrations, and permits.
• The Company experienced negative cash flows in previous years.

 

 

IPO GMP Today

Latest GMP of Meson Valves India SME IPO GMP today is Rs. 90.

 

Conclusion 

Meson Valves India operates in the industrial components and services sector and boasts a wide-ranging product portfolio. Considering its remarkable earnings in FY23, the IPO appears to be priced at a premium. Nonetheless, the IPO is showing a strong performance in the Grey Market. However, investors should conduct a thorough analysis of all factors before making an investment decision.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the DRHP

 

 

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