Meson Valves India Limited

Company Profile
Company Name Meson Valves India Limited
Open Date 08-09-2023
Close Date 12-09-2023
Exchange BSE SME
Lot Size 1200 Shares
Issue Price ₹ 102 per share
Issue Size 3,048,000 shares
Application Amount ₹ 122,400
Recommendation Avoid
Meson Valves India Ltd was incorporated in the year 2016 and has its registered office in Verna, Goa. The Company is engaged in the business of supplying of valves, actuators, Strainers and remote-control valves systems to the industries both in domestic and international markets. The Company is also engaged in the business of assembling, buying, selling, distributing, importing, exporting or otherwise dealing in products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices. They supply mainly to Naval, Oil and gas industries, Power, Refineries and General Industries, both in domestic and international markets.
As on 31st March 2023, the company had 34 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 2,105.58 2,738.78 4,509.01
Net Assets 55.17 267.71 1,849.57
Total Borrowings 918.27 923.93 1,124.16
Total Revenue 1,542.34 1,431.57 3,719.30
Profit After Tax 11.80 212.53 452.44

Tentative Timeline

Opening Date 08-09-2023
Closing Date 12-09-2023
Basis of Allotment 15-09-2023
Initiation of Refunds 18-09-2023
Credit of Shares to Demat 20-09-2023
Listing Date 21-09-2023

Objects of the Issue

Purchase of Plant and Machinery for setting up of Manufacturing unit.
Funding working capital requirements.
General corporate purposes.

Contact Information

Registered Office Meson Valves India Limited Plot No. L-45, First Floor, Software Technology Park, Verna Industrial Estate, Salcete, Verna - 403722
Phone 08322954198

Registrar Details

Name Maashitla Securities Private Limited
Phone +91-11-45121795-96

IPO Reservation

Other Shares Offered 50% of the net offer
Retail Shares Offered 50% of the net offer

Shareholding Pattern

Pre Issue Share Holding (Promoters) 46.91%
Post Issue Share Holding (Promoters) 32.83%

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