About the Company
Meson Valves India Pvt. Ltd. is an ISO 9001 certified company that supplies valves, actuators, strainers, and remote-control valve systems to industries. The company was incorporated on August 18, 2016. They are a leading supplier of valves, flow control products, actuators, strainers, and remote-control valve systems to the global shipping industry and various other industries.
Meson Valves India was incorporated on August 18, 2016. They have a wide variety of valves with different materials, sizes, and variations. Their quality and material standards assure reliable functionality.
Company Website: https://www.mesongroup.com/
The Products offered by the company:
Meson Valves India was incorporated on August 18, 2016. They have a wide variety of valves with different materials, sizes, and variations. Their quality and material standards assure reliable functionality.
The main market for the Meson Group is the marine industry.
Common valve types include:
Ball, Butterfly, Check, Diaphragm, Gate, Globe, Knife Gate, Parallel Slide, Pinch, Piston, Plug, Sluice.
Other types of valves include:
- Isolation valves
- Regulation valves
- Safety relief valves
- Non-return valves
The objective of Meson Valves India IPO:
The Company aims to utilize the Net Proceeds of the Fresh Issue to fulfil the following objectives:
- Purchase of Plant and Machinery for setting up of Manufacturing unit. The company plans to use the proceeds from the IPO to set up a new manufacturing unit. This will help the company to increase its production capacity and meet the growing demand for its products.
- Funding working capital requirements. The company also plans to use the proceeds from the IPO to fund its working capital requirements. This will help the company to meet its day-to-day expenses and ensure smooth operations.
- General corporate purposes. The company may also use a portion of the proceeds from the IPO for general corporate purposes, such as marketing and research and development.
The IPO of Meson Valves India is being offered at a price band of Rs. 102-107 per share. The issue opens on September 8, 2023 and closes on September 12, 2023. The company is targeting to raise Rs. 31.09 crore through the IPO.
useful information
Meson Valves India IPO Lot Size
| IPO Activity | Date |
|---|---|
| Issue Price | 102-107 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | 122400 |
| Min Small HNI Lots(2-10 Lakh): | 2400 shares |
| Min Big HNI Lots(10+ Lakh): | 10800 shares |
Meson Valves India IPO Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | 08-09-2023 |
| IPO Close Date | 12-09-2023 |
| Basis of Allotment Finalization Date* | 15-09-2023 |
| Refunds Initiation* | 18-09-2023 |
| Credit of Shares to Demat Account* | 20-09-2023 |
| IPO Listing Date* | 21-09-2023 |
Meson Valves India IPO Details
| IPO Issue Price: | 102 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50% of the Net Issue |
| IPO Issue Type: | Fresh Issue |
| IPO Issue Size: | ₹31.09 Cr |
| Fresh Issue: | ₹31.09 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 46.91% |
| Promoter Holding Post IPO: | 32.83% |
Meson Valves India IPO GMP Trend
| GMP Date | GMP | Estimated Listing Price | Last Updated Time |
|---|---|---|---|
| 06-09-2023 | 90 | 192 (88.24%) | 06-Sep-2023 9:00 PM |
| 07-09-2023 | 90 | 192 (88.24%) | 07-Sep-2023 9:00 PM |
| 08-09-2023 | 90 | 192 (88.24%) | 08-Sep-2023 9:00 PM |
| 11-09-2023 | 100 | 202 (98.04%) | 11-Sep-2023 10:00 PM |
| 12-09-2023 | 94 | 196 (92.16%) | 12-Sep-2023 10:00 PM |
| 13-09-2023 | 90 | 192 (88.24%) | 13-Sep-2023 11:00 PM |
| 14-09-2023 | 90 | 192 (88.24%) | 14-Sep-2023 11:00 PM |
| 15-09-2023 | 97 | 199 (95.10 %) | 15-Sep-2023 11:00 PM |
| 16-09-2023 | 97 | 199 (95.10 %) | 16-Sep-2023 11:00 PM |
| 17-09-2023 | 97 | 199 (95.10 %) | 17-Sep-2023 11:00 PM |
| 18-09-2023 | 97 | 199 (95.10 %) | 18-Sep-2023 11:00 PM |
| 19-09-2023 | 97 | 199 (95.10 %) | 19-Sep-2023 11:00 PM |
| 20-09-2023 | 93 | 195 (91.18 %) | 20-Sep-2023 11:00 PM |
| 21-09-2023 | 93 | 195 (91.18 %) | 21-Sep-2023 10:00 AM |
Key risks
Here are some of the key risks mentioned in the RHP:
- There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations and financial condition
- The company is a relatively new player in the market and it has limited operating history.
- The company faces competition from established players in the market.
- The company’s products are subject to regulatory approvals.
- The company’s financial performance is dependent on a few key customers.
- The company’s manufacturing facility is located in a single location, which could make it vulnerable to disruptions.
Meson Valves India IPO Subscription (NSE + BSE)
| Day | Date | NII | RII | Total |
|---|---|---|---|---|
| 1 | 8thSep 2023 | 2.11x | 14.53x | 8.33x |
| 2 | 11th Sep 2023 | 14.38x | 90.33x | 52.58x |
| 3 | 12th Sep 2023 | 132.74x | 203.02x | 173.65x |
Risk
Meson Valves India Past Financials
Income Statement (in Rs. Lakhs)
| Key Financial Points | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| Revenue from Operations (₹) | ₹3,665.04 | ₹1,409.66 | ₹1,532.20 |
| Other Income (₹) | ₹54.26 | ₹21.91 | ₹10.14 |
| Total Income (₹) | ₹3,719.30 | ₹1,431.57 | ₹1,542.35 |
| Total Expenses (₹) | ₹3,098.57 | ₹1,132.96 | ₹1,521.67 |
| Profit/(Loss) Before Tax (₹) | ₹620.73 | ₹298.61 | ₹20.67 |
| Profit/(Loss) for the Year (₹) | ₹452.43 | ₹212.54 | ₹11.81 |
| Basic Earnings Per Share (₹) | ₹6.59 | ₹3.10 | ₹0.17 |
| Diluted Earnings Per Share (₹) | ₹6.59 | ₹3.10 | ₹0.17 |
Balance Sheet (in Rs. Lakhs)
| Particulars | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| Current Assets (A) | |||
| Inventories | ₹1,260.34 | ₹1,010.31 | ₹290.53 |
| Trade Receivables | ₹1,552.62 | ₹1,026.57 | ₹1,016.96 |
| Cash and Cash Equivalents | ₹237.11 | ₹218.46 | ₹440.76 |
| Short-Term Loans and Advances | ₹1,167.65 | ₹97.51 | ₹21.92 |
| Other Current Assets | ₹125.27 | ₹227.66 | ₹223.71 |
| Current Liabilities (B) | |||
| Trade Payables | ₹704.67 | ₹1,170.15 | ₹1,064.67 |
| Other Current Liabilities | ₹397.35 | ₹272.70 | ₹47.78 |
| Short Term Provisions | ₹264.50 | ₹98.61 | ₹16.50 |
| Working Capital (C) | ₹2,976.46 | ₹1,039.05 | ₹864.93 |
- Current assets are assets that are expected to be converted into cash or used up within one year. They include cash and cash equivalents, accounts receivable, inventories, and other current assets.
- Current liabilities are liabilities that are due within one year. They include accounts payable, accrued liabilities, and other current liabilities.
- Working capital is the difference between current assets and current liabilities. It is a measure of a company’s ability to meet its short-term financial obligations.
You can see that Meson Valves had a working capital of Rs. 2,976.46 as of March 31, 2023. This means that the company had more current assets than current liabilities. This is a good sign, and it shows that the company is in a good financial position to meet its short-term financial obligations.
However, the working capital has decreased from Rs. 1,039.05 as of March 31, 2022. This could be a sign that the company is facing some financial difficulties. Investors should keep this in mind when considering whether or not to invest in the company.
Here are some additional things to keep in mind when interpreting the working capital data:
- A positive working capital indicates that a company has more current assets than current liabilities. This is generally considered to be a good sign, as it means that the company has the resources to meet its short-term financial obligations.
- A negative working capital indicates that a company has more current liabilities than current assets. This is generally considered to be a bad sign, as it means that the company may have difficulty meeting its short-term financial obligations.
- A large working capital relative to the company’s total assets may indicate that the company is holding too much cash or other liquid assets. This could be a sign that the company is not investing its resources effectively.
- A small working capital relative to the company’s total assets may indicate that the company is having difficulty meeting its short-term financial obligations. This could be a sign that the company is facing financial difficulties.
It is important to consider all of these factors when interpreting working capital data.
Cash Flow Statement (in Rs. Lakhs)
| Particulars | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| Net cash generated from/(used in) operating activities | (718.69) | (71.12) | 405.19 |
| Net cash generated from/(used in) investing activities | (48.62) | (82.03) | (45.17) |
| Net cash generated from/(used in) financing activities | 780.88 | (71.63) | (59.90) |
Meson Valves India IPO Allotment Status Check
Check Basilic Fly Studio SME IPO allotment status on Linkintime website allotment URL. Click Here
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FAQs
When does the Meson Valves India IPO open and closes?
Ratnaveer Precision Engineering IPO is open from 8th September to 12th September 2023.
What is the allotment date for Meson Valves India IPO?
The allotment date for Ratnaveer Precision Engineering IPO is 15th Sep 2023.
What is the listing date for Meson Valves India IPO?
The Ratnaveer Precision Engineering IPO will be listed on the 21st of September.
What is the price band for Meson Valves India IPO?
₹102
Disclaimer: No financial information published anywhere on this site should be interpreted as a recommendation to buy or sell securities or as any other kind of offer to do so. Every piece of material published on this site is just for educational and informational reasons and under no circumstances should be used to make financial decisions. Before actually making any investment decisions based on the information provided here, readers must seek the advice of a licensed financial professional. Any actions made by readers based on the material presented here are done so entirely at their own risk. Investors should be aware that any stock market investment is exposed to unpredictably high market risks. The author has no intention of investing in this IPO.
