Meson Valves India Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹97(95.10%)
Premium (ELP)
The Initial Public Offering of Meson Valves India Limited's culminated in its successful listing on Sep 21, 2023 at the BSE trading platform. The company secured 30,48,000 Shares through this capital market exercise, with 30,48,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹102 to ₹102, with minimum investment requirements of 1200 shares. The subscription period from Sep 08, 2023 to Sep 12, 2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Sep 15, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Meson Valves India Limited, incorporated in 2016 and previously known as Sander Meson India Private Limited, supplies valves, actuators, strainers, and remote-control valve systems to both domestic and international markets. The company engages in assembling, buying, selling, distributing, importing, and exporting products such as valves, actuators, control cabinets, tanks, piping, pumps, fittings, gaskets, flanges, and measurement devices, along with their installation, maintenance, and servicing. Its manufacturing unit is located in Bhamboli, Khed, Pune, Maharashtra, sourcing products from countries including Denmark, Germany, Poland, South Korea, Netherlands, Sweden, Turkey, UAE, and across India. Meson Valves operates two divisions—domestic sales and exports—with a presence in major Indian states like Andhra Pradesh, Maharashtra, Tamil Nadu, Telangana, and internationally in Germany, South Korea, Oman, Russia, Sweden, UAE, Sri Lanka, Qatar, and Thailand.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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