Meson Valves India IPO on September 8
Meson Valves India IPO Launch
Meson Valves India is gearing up to launch its Initial Public Offering (IPO) on September 8, with the ambitious goal of raising over Rs 31.09 crore. This Meson Valves India IPO is set at a fixed price.
Meson Valves India IPO Allocation
This IPO, offering 30.48 lakh equity shares, is exclusive to fresh issues by the company. Out of this, 1.56 lakh shares, valued at Rs 1.59 crore, have been earmarked for the market maker.
The remaining portion, referred to as the net issue, comprises 28.92 lakh shares worth Rs 29.5 crore. Half of this net offering is reserved for retail investors, with the remaining 50 percent allocated to high net worth individuals and institutional investors, each receiving 14.46 lakh shares.
In terms of post-issue paid-up equity, the total issue will constitute 30 percent.
Meson Valves India IPO Price
The IPO’s pricing has been set at Rs 102 per share, and investors can participate until September 12.
Meson Valves India IPO Lot Size
Investors have the flexibility to make bids for a minimum of 1,200 equity shares, with subsequent multiples of 1,200 shares. This means that retail investors can apply for a minimum of 1,200 shares, equivalent to Rs 1,22,400, as they are permitted to invest up to Rs 2 lakh in the IPO. High net worth individuals, on the other hand, must make a minimum investment of Rs 2,44,800 (2,400 shares).
Meson Valves India Company Details
Meson Valves India, based in Pune, plans to utilize the funds raised from the fresh issue for the acquisition of plant and machinery amounting to Rs 11.37 crore, as well as meeting working capital requirements totaling Rs 11.95 crore. The remaining funds will be allocated for general corporate purposes and to cover issue-related expenses.
Meson Valves India IPO Promoter
Promoted by India Futuristic Marine, Swaroop Raghuvir Natekar, Brijesh Madhav Manerikar, and Vivekanand Maruti Redekar, Meson Valves India is a leading supplier of valves, actuators, strainers, and remote-control valve systems, catering primarily to the naval, oil & gas, power, refinery, and general industries, both within India and internationally.
Meson Valves India IPO Listing Venue
The equity shares will be listed on the SME Platform of the BSE.
Meson Valves India IPO Registrar
Shreni Shares is acting as the merchant banker for this issue, and Maashitla Securities will serve as the registrar.
About Meson Valves India:
Meson Valves India Private Limited (MVIPL) is an Indian non-governmental private limited company established in India on August 18, 2016 (currently seven years old). The company’s registered office is located in South Goa, Goa, India.
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