
Engineering & Industrial Manufacturing · BSE
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.
Price Band
₹102
Issue Size
₹31.09 Cr
Lot Size
1200 shares
GMP
+95.1%
Est. Listing
₹199
at current GMP
Subscribed
173.71x
overall
Open
8 Sep 2023
Close
12 Sep 2023
Allotment
15 Sep 2023
Refund
16 Sep 2023
Demat Credit
17 Sep 2023
Listing
21 Sep 2023
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
15 Sep 2023
Basis finalization
Refunds Initiate
16 Sep 2023
Mandate release
Demat Credit
17 Sep 2023
Shares in demat
Listing Debut
21 Sep 2023
Trading begins
Meson Valves India Limited is bringing an initial public offering (IPO) in the Engineering & Industrial Manufacturing sector with an aggregate issue size of ₹31.09 Crores. The shares are offered at a price band of ₹102 to ₹102 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-09-12, the basis of allotment is scheduled to be finalized on 2023-09-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.