Meson Valves India Limited IPO

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i. Meson Valves India Limited 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. We supply mainly to Naval, Oil and gas industries, Power, Refineries and General Industries, both in domestic and international markets.

ii. The Company is 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 also deal in installation, maintaining, servicing or otherwise handling of equipment and services that control and manage all products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and measurement devices

Their assembly unit is situated at Pune, Maharashtra. The unit is well equipped with CNC machines, all necessary Fixtures for assembly and test machinery for quality assurance, other handling Equipment’s to facilitate smooth assembly process and easy logistics.

The company procure its products for further assembly and supply from various coutries across the globe such as Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey and United Arab Emirates and in the domestic market, we procure the products from states such as Goa, Gujarat, Maharashtra, Karnataka, Tamilnadu, Andhra Pradesh, Dadra and Nagar Haveli, Delhi and Telangana

They have two business divisions

(i) domestic sales; and
(ii) exports

Competitive Strengths

i. Experienced Promoters and Management Team
ii. Customer base across geographies and industries
iii. Quality Assurance

Objects of the Meson Valves India Limited IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: i. Purchase of Plant and Machinery for setting up of Manufacturing unit. ii. Funding working capital requirements, and general corporate purposes.
DRHP of Meson Valves India Limited IPO
RHP of Meson Valves India Limited IPO

Meson Valves India Limited IPO Details:

Open Date: Sep 08 2023
Close Date: Sep 12 2023
Total Shares: 3,048,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 31.09 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 102 Per Equity Share
Listing At: NSE,BSE
Listing Date: Sep 21 2023

Promoters And Management:

Brijesh Madhav Manerikar, aged 44 years, is the Promoter, Chairman and Managing Director of the company. He has completed his Diploma in Shipbuilding Engineering from Board of Technical Examinations, Goa in the year 2000. He has around 6 years of experience in the same Company. He has been associated with the Company since incorporation and is responsible for the entire management and administration of the Company. Swaroop Raghuvir Natekar, aged 45 years is the Promoter, Whole Time Director of the company. He has completed his Diploma in Mechanical Engineering from Board of Technical Examinations, Maharashtra State in the year 1998. He has around 6 years of experience in the same Company. He has been associated with the Company since incorporation and looks after the financial aspects of the company. He is involved in maintaining relations discussions and negotiations with suppliers too. Kishor Dhondu Makvan, aged 43 years, is the Executive Director of the company. He has completed Diploma in Mechanical Engineering from Government Polytechnic, Nashik in the year 2001. He has also obtained degree of Bachelor of Technology in Mechanical Engineering from Yashwantrao Chavan Maharashtra Open University Nashik (India) in the year 2010.. He has completed Post Graduate Diploma in Management from Indira Gandhi National open University, in the year 2013. He has an experience of around 8 years in the field of sales & marketing and business development, quality assurance and manager- works department. He has previously worked in the companies like Electromech Engineering Enterprises (Trainee Engineer in Quality Assurance Department), Shreeji Wire Industries (Assistant Manager in Business Development Department) and Desh Wire Products Wire Private Limited (Manager- Works).

Financials of Meson Valves India Limited IPO:

Pariculares ( In Lakhs )
2021
2022
2023
Revenue from Operations 1,532 1,410 3,665
Other Income 10 22 54
Total Revenue 1,542 1,432 3,719
Purchase of Stock in Trade 1,197 1,115 2,682
Changes in inventories -72 -720 -250
Employee Benefits Expense 128 200 252
Other Expenses 218 439 280
EBITDA 72 397 755
Depreciation & Amortisation 21 39 46
Finance Cost 30 59 89
EBIT 51 357 710
OPM (%) 4.65% 27.70% 20.31%
PBT 21 299 621
Tax 9 86 168
PAT 12 213 452
NPM (%) 0.77% 14.85% 12.16%
No.of Shares 101.60 101.60 101.60
EPS 0.11 2.09 4.45

Comparison With Peers:

Notes: - There is no listed companies related to this company.

Lead Manager of Meson Valves India Limited IPO:

  1. SHRENI SHARES PRIVATE LIMITED

Registrar of Meson Valves India Limited IPO:

  1. Maashitla Securities Pvt. Limited.

Company Address:

Meson Valves India Limited Plot No. L-45, First Floor, Software Technology Park, Verna Industrial Estate, Salcete, Verna - 403722 Phone: 08322954198 Email: investor@mvi.ltd Website: https://mvi.ltd/

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