The Meson Valves IPO commenced on September 8, 2023, and concluded on September 12, 2023. The allotment of shares took place on September 15, 2023, and the initiation of refunds began on September 18, 2023. The shares were credited to the demat accounts of investors on September 20, 2023. Finally, the listing of Meson Valves on the stock exchange occurred on September 21, 2023.
The Meson Valves IPO was priced at ₹102 per share, with a lot size of 1500. The total issue size was ₹31.09 crores, comprising a fresh issue of ₹31.09 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Meson Valves IPO Basic Details
| Company Name | Meson Valves India Limited |
| Domain of Company | Supplier of Valves, Actuators, Strainers and Remote Control Valve Systems |
| Meson Valves IPO GMP Today | ₹90 |
| Meson Valves IPO Listing Gain | 88.24% |
| Meson Valves IPO Open Date | September 8, 2023 |
| Meson Valves IPO Close Date | September 12, 2023 |
| Meson Valves IPO Allotment Date | September 15, 2023 |
| Meson Valves IPO Listing Date | September 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹102 per share |
| Lot Size | 1500 Shares |
| Issue Size | 3,048,000 shares of ₹10 (aggregating up to ₹31.09 Cr) |
| Fresh Issue | 3,048,000 shares of ₹10 (aggregating up to ₹31.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Brijesh Madhav Manerikar, Swaroop Raghuvir Natekar, Vivekanand Maruti Redekar And India Futuristic Marine Private Limited |
Meson Valves IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 8 September 2023 | ₹90 | 88.24% | – | – |
| 7 September 2023 | ₹90 | 88.24% | – | – |
Meson Valves India IPO Details:
Established in 2016, Meson Valves India Limited, formerly known as Sander Meson India Private Limited, is a company that provides valves, actuators, strainers, and remote-control valve systems to industries both within India and abroad.
Meson Valves India is involved in various aspects of the business, including assembling, purchasing, selling, distributing, importing, exporting, and dealing in a wide range of products such as valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. The company also offers services related to the installation, maintenance, servicing, and management of these products.
Located in Bhamboli, Khed, Pune, Maharashtra, Meson Valves India operates a manufacturing unit. It sources its products for further assembly and distribution from countries like Denmark, Germany, Poland, South Korea, the Netherlands, Sweden, Turkey, and the United Arab Emirates. In the domestic market, it procures products from states such as Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana.
Meson Valves India has two primary business divisions: (i) domestic sales, covering states including Andhra Pradesh, Assam, Goa, Gujarat, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka; and (ii) exports, serving countries like Germany, South Korea, Oman, Russia, Sweden, the United Arab Emirates, Sri Lanka, Qatar, and Thailand. These sales figures are based on the company’s performance in the years ending March 31, 2021, 2022, and 2023.
Meson Valves IPO More Details Click Here
Meson Valves IPO FAQs
When is Meson Valves IPO open?
Meson Valves IPO will open on 8 September 2023.
When is Meson Valves IPO Close?
Meson Valves IPO will be closed on 12 September 2023.
What is Meson Valves IPO GMP Today?
The Meson Valves IPO GMP aka Grey Market Premium is ₹90.
What is Meson Valves IPO Kostak Rates Today?
The Meson Valves IPO Kostak Rate is ₹000.
What is Meson Valves IPO Subject to Sauda Price Today?
The Meson Valves IPO subject to sauda rates is ₹000.
Meson Valves IPO Expected Returns?
The Meson Valves expected return is 88.24%.
How much will be the listing gain in Meson Valves IPO?
Meson Valves IPO will get listing gain of 88.24%. (Approx.)
