The Meson Valves IPO started on September 8, 2023, and ended on September 12, 2023. Shares were allocated on September 15, 2023, and refund processes began on September 18, 2023. On September 20, 2023, the shares were credited to investors demat accounts. Meson Valves was officially listed on the stock exchange on September 21, 2023.
During the IPO, Meson Valves offered shares at a price range of ₹102 per share, and the lot size was 1500 shares. The total issue size was ₹31.09 crores, with ₹31.09 crores from new shares. The IPO was listed on both the BSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Meson Valves IPO Subscription Update Video
Meson Valves IPO Subscription Status
The Meson Valves IPO on September 12, 2023 was subscribed 173.65 times, with the retail category being subscribed 203.02 times, the other category being subscribed 132.74 times.
| Category | Subscription |
| Other | 132.74x |
| Retail | 203.02x |
| Total | 173.65x |
Meson Valves IPO Basic Details
| Company Name | Meson Valves India Limited |
| Domain of Company | Supplier of Valves, Actuators, Strainers and Remote Control Valve Systems |
| IPO Open Date | September 8, 2023 |
| IPO Close Date | September 12, 2023 |
| IPO Allotment Date | September 15, 2023 |
| 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 |
About Meson Valves India Limited
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 around the world.
Meson Valves India is involved in various aspects of the valve industry, including assembly, procurement, distribution, import, export, and other related activities. Their product range includes valves, actuators, remote control systems, control cabinets, tanks, visualization systems, piping, pumps, fittings, gaskets, flanges, and measurement devices. They also offer services for the installation, maintenance, servicing, and management of equipment related to these products.
The company’s manufacturing facility is situated in Bhamboli, Khed, Pune, Maharashtra. They source their products for assembly and distribution from countries like Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, and the United Arab Emirates. In the domestic market, they acquire products from various states, including Goa, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi, and Telangana.
Meson Valves India operates through two primary business divisions: (i) domestic sales, serving regions such as Andhra Pradesh, Assam, Goa, Gujarat, Kerala, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal, and Karnataka; and (ii) exports, supplying products to countries like Germany, South Korea, Oman, Russia, Sweden, United Arab Emirates, Sri Lanka, Qatar, and Thailand. This information is based on their sales data for the years ending in March 2021, 2022, and 2023.
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Meson Valves IPO FAQs
What is the start and end date of Meson Valves India IPO Subscription?
The Meson Valves IPO started on September 8, 2023, and ended on September 12, 2023.
When does Meson Valves IPO Subscription open?
The Meson Valves IPO open on September 8, 2023.
When does Meson Valves IPO Subscription close?
The Meson Valves IPO Close on September 12, 2023.
What is the allotment date of Meson Valves IPO?
The allotment date for Meson Valves IPO is September 15, 2023.
When is the initial refund date of Meson Valves IPO?
The initial Refund date for Meson Valves IPO is September 18, 2023.
When were the shares credited to investors demat accounts for the Meson Valves IPO?
The shares for the Meson Valves IPO were credited to investors demat accounts on September 20, 2023.
When will Meson Valves IPO be listed on the stock market?
Meson Valves IPO stock market will be listed on September 21, 2023 at 10 am.
What was the price range of the Meson Valves IPO shares?
The Meson Valves IPO shares were offered at a price range of ₹102 per share.
What was the lot size for the Meson Valves IPO shares?
The lot size for the Meson Valves IPO shares was 1500 shares.
What was the total issue size of the Meson Valves IPO?
The total issue size of the Meson Valves IPO was ₹31.09 crores.
How were the shares allocated among different types of investors for the Meson Valves IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Meson Valves IPO listed?
The Meson Valves IPO was listed on both the BSE SME.
What is the Meson Valves IPO Subscription Status?
Meson Valves IPO is subscribed 00 Times.
