Incorporated in 2016, Meson Valves India Limited, previously known as Sander Meson India Private Limited, is a supplier of valves, actuators, Strainers, and remote-control valve systems to industries both in domestic and international markets.
Meson Valves India is engaged in the business of assembling, buying, selling, distributing, importing, exporting, or otherwise dealing in products like valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. It also deals in the installation, maintenance, servicing, or otherwise handling of equipment and services that control and manage all products like valves, actuators, remote control systems, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges, and measurement devices.
The company's manufacturing unit is located in Bhamboli, Khed, Pune, Maharashtra. It procures products for further assembly and supply from countries like Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates, and in the domestic market, from states such as Goa, Gujarat, Maharashtra, Karnataka, Tamilnadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi and Telangana.
Meson Valves India has two main business divisions: (i) domestic sales; and (ii) exports. The company has its presence in Andhra Pradesh, Assam, Goa, Gujarat, Kerela, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka states for the domestic market based on sales made for the year ended March 31, 2023, 2022 and 2021. Internationally it supplies products in countries such as Germany, South Korea, Oman, Russia, Sweden, United Arab Emirates, Srilanka, Qatar, and Thailand.
| Purpose | Amount (₹ Cr) |
|---|---|
| Purchase of Plant and Machinery for setting up of Manufacturing unit; | ₹11 |
| Funding working capital requirements; and | ₹12 |
| General corporate purposes | ₹7 |
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Total Assets | 4,509 | 2,739 | 2,106 |
| Revenue | 3,719 | 1,432 | 1,542 |
| PAT | 452 | 213 | 12 |
| Net Worth | 1,850 | 268 | 55 |
| Reserves | 1,157 | 261 | 48 |
| Total Borrowing | 1,124 | 924 | 918 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,446,000 (47%) | — |
| Retail (RII) | — | 1,446,000 (47%) | — |
| Market Maker | — | 156,000 (5%) | — |
| Total | — | 3,048,000 (100%) | — |
* Amount calculated at upper price band (₹102) · ** Total includes all investor categories
- 1 Initiation of Refund 18 Sep 2023
- 2 Credit of Shares to Demat 20 Sep 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 23x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹7.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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