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Chavda Infra IPO vs Meson Valves India IPO

Comparision between Chavda Infra IPO and Meson Valves India IPO.

IPO Details

Chavda Infra IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Meson Valves India IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Chavda Infra IPO Meson Valves India IPO
Logo Chavda Infra IPO Logo Meson Valves India IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Shreni Shares Limited
Registrar Kfin Technologies Limited Maashitla Securities Private Limited
Market Maker Spread X Securities Private Limited Shreni Shares Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chavda Infra IPO is up to ₹43.26 Cr whereas the issue size of the Meson Valves India IPO is up to ₹31.09 Cr. The final issue price of Chavda Infra IPO is ₹65.00 per share and of Meson Valves India IPO is ₹102.00 per share.

  Chavda Infra IPO Meson Valves India IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹60.00 per share
Issue Price (Upper) ₹65.00 per share
Issue Price (Final) ₹65.00 per share ₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 66,56,000 shares 30,48,000 shares
Fresh Issue Size (Amount) up to ₹43.26 Cr up to ₹31.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 66,56,000 shares 30,48,000 shares
Issue Size Total (Amount) up to ₹43.26 Cr up to ₹31.09 Cr

IPO Timetable

Chavda Infra IPO opens on Sep 12, 2023, while Meson Valves India IPO opens on Sep 08, 2023. The closing date of Chavda Infra IPO and Meson Valves India IPO is Sep 14, 2023, and Sep 12, 2023, respectively.

  Chavda Infra IPO Meson Valves India IPO
Anchor Bid Date Sep 11, 2023
Issue Open Sep 12, 2023 Sep 08, 2023
Issue Close Sep 14, 2023 Sep 12, 2023
Basis Of Allotment (Tentative) Sep 20, 2023 Sep 15, 2023
Initiation of Refunds (Tentative) Sep 21, 2023 Sep 18, 2023
Credit of Share (Tentative) Sep 22, 2023 Sep 20, 2023
Listing date (Tentative) Sep 25, 2023 Sep 21, 2023
Anchor Lockin End date 1 Oct 20, 2023 Oct 15, 2023
Anchor Lockin End date 2 Dec 19, 2023 Dec 14, 2023

Financials

Chavda Infra IPO P/E ratio is 9.72, as compared to Meson Valves India IPO P/E ratio of 15.47.

  Chavda Infra IPO Meson Valves India IPO
Financial
Chavda Infra IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets8,668.1110,880.7915,424.40
Revenue9,131.0510,987.6816,203.37
Profit After Tax443.84521.461,204.62
Net Worth1,314.281,835.743,040.36
Reserves and Surplus1,164.281,685.741,240.36
Total Borrowing3,330.324,993.145,328.95
Amount in ₹ Lakhs
Meson Valves India IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,105.582,738.784,509.01
Revenue1,542.351,431.573,719.30
Profit After Tax11.81212.54452.43
Net Worth55.17267.711,849.57
Reserves and Surplus48.17260.711,157.32
Total Borrowing918.26923.931,124.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 46.91%
Promoter Shareholding (Post-Issue) 73% 32.83%
P/E Ratio 9.72 15.47
Market Cap ₹160.26 Cr. ₹103.63 Cr.
ROE 49.41%%
ROCE 43.62%%
Debt/Equity 1.75
EPS ₹6.69 ₹6.59
RoNW 39.62%% 24.46%%

Shares Offered

In the Chavda Infra IPO retail investors (RII) are offered 22,12,000 shares while in Meson Valves India IPO retail investors are offered 22,12,000 shares. Qualified institutional buyers (QIB) are offered 12,64,000 shares in Chavda Infra IPO and 0 shares in Meson Valves India IPO.

  Chavda Infra IPO Meson Valves India IPO
Anchor Investor Reserveration 18,96,000 shares
Market Maker Reserveration 3,36,000 shares 1,56,000 shares
QIB 12,64,000 shares 0 shares
NII 9,48,000 shares 14,46,000 shares
RII 22,12,000 shares 14,46,000 shares
Employee 0 shares 0 shares
Others
Total 44,24,000 shares 28,92,000 shares

Bids Received (Subscription)

Chavda Infra IPO subscribed 180.06x in total, whereas Meson Valves India IPO subscribed 173.65x.

  Chavda Infra IPO Meson Valves India IPO
QIB (times) 95.10x
NII (times) 241.96x 132.74x
Big NII (times)
Small NII (times)
RII (times) 202.07x 203.02x
Employee (times)
Other (times)
Total (times) 180.06x 173.65x

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