Meson Valves India Limited IPO Message Board (Page 8)

Must apply IPO...
GMP 100/-

Amuk mitro ne off topic vatu karvano bov shokh lage .. get well soon / God bless ya .. bhai thik thi ek figure kyo ne .. 91 .. 92 .. 94 .. 99 .. on topic vat karo .. on topic points nai madta lagta ..??

​@Aman Ipo 94% + or - 5% .. 94% listing .. Listing UC 99% Listing LC 89% .. To The Point. According to the Rule.

Experts, what is the expected HNI subscription?

It might not even matter because retail will be higher than NII and they'll transfer balance from NII to Retail (because this is fixed price ipo)
So overall subscription figures only will matter whether you go for hni or for retail!

Hugh valution big size no anchors taking advance seem.. however..lm Sherri is best no worry..
for discount

Due to bunching of both sme and main board ipos , BHNIs are becoming SHNIs, SHNIs are becoming retail, Retail are becoming 1/2 sharing. 😄😄

Please share anchor list?

ST 100000 RAJKOT

​@Arjun Rajkot Thanks 🙏

Dependable LM
Company is in business of assembling various types of valves and is now backward integrating in to manufacturing
For the last 3 years, long term borrowing are going down while short term borrowings are going up, from Rs 488 lacs to Rs 1124 lacs
YoY inventory has gone up 25% while debtors have gone up 50%
Poor cash flow for last 2 fiscals, mainly due to build up of inventory and receivables. In 22-23 company has paid off creditors which further strained operating cash flow
Exports has been continuously falling, from 10.24% in 20-21 to 1.20% of sales in 22-23. It appears that after the Swedish parent Meson AB exited, the exports have gone down.
Company is using Intellectual Property of Meson AB as per Separation Agreement dated September 27, 2022 till December 31, 2026.
In 22-23, on export of Rs 44 lacs, company has recorded foreign exchange gain of Rs 41 lacs. Wonder how is that possible?
Against 22-23 DSO of 155 days, company is targeting DSO of 100 days in 23-24 and is aiming revenue of Rs 80 cr, a growth of almost 120%
Top 5 suppliers provide 18% of supplies while top 5 customers constitute 27% of sales
Company operating in a highly competitive industry with well established players like L&T Valves, Kirloskar, Brothers Limited, Ampo Valves, Emerson Electric Co., CRI Pumps, VIP Valves Private Limited India, Amco Industrial Valves, Amtech Valves, Hawa Engineers Ltd, Novel Valves etc.
Hawa Engineers, listed on BSE, trades at PE of 46 whereas ATAM Valves is trading at PE of 25.6. Company claims it has not peers for comparison.
Previous years operations were trading and assembling in nature and yet material cost as % of sales is erratic unexplainable. In 22-23 it was 66%, in 21-22 it was 29% and in 20-21 it was 73%
Out of receivable of Rs 15.52 cr, Rs 5.39 cr is outstanding for more than 6 months and Rs 3.62 cr is outstanding for more than 1 year.
Company has paid advance of Rs 10 cr to suppliers against Rs 63 lacs in previous year. Not clarified whether it is capital advance or for regular revenue purchases.
Company has done a write off of Rs 82 lacs in last 2 years. Not sure whether this is customer receivable write off or other advances given written off.
Services charges of Rs 1.8 cr paid in 21-22 have dropp ed to Rs 40 lacs in 22-23.
In Apr-23, company offered 166 cr shares on rights basis to existing shareholders @ Rs 83.35 of which only 189,562 shares were subscribed (page 68 of prospectus), just 0.0114%.
Company had 34 employees as on 31-Mar-23, it deposited PF of 38 employees for Jul-23 and 25 employees for Jul-22

So many ipos in line ,should we buy this?as PE is very high.

Profit booking will be there for sure at uc.

New GMP 90 -100

91 is max for bse sme ipos...
Gmp chahe 150 bhi ho...it cannot list with more than 91rs premium

Arjun Bhai add 11,111/- so that it looks like Kappo style subject rate .. 1,11,111/- .. 😂
99,999/- .. 1,11,111/- .. 😂

​@Rajesh s. Aj shreni no CPS Shapers list thyo .. joyo hase ne bhai tame ..?? Return :- 143% .. promoters nu hold high hoi ke pachi low hoi .. enathi amne fer nai padto .. amne nafo joi .. amne profit dekhavo joi bas .. bhav & nafo bhagwan che .. baki faltu vatu ane faltu promoter holding low che ke high .. Ema ras nai amne kaka (uncle) .. ✌️

Sav Sachin vat kidhi tame...

Pan IPO lagta nathi enu su karvanu...

tras to revano bapu
koi upay nathi
bhari bhari ne thaki gaya
lagta nathi

​@Rajesh s.  Mara Bhai Jem IIT / IIM na students brilliant hoi ne .. emj .. shreni na ipo jordar hoi .. samaj padi bhai .. ?? Promoters Low Holding na issue nu josu listing day na bhai .. ✌️

Is HDFC bank allows 3rd party ASBA?

no

​@Hrishikeh Thanks for confirming😊

💎 Shreni💎 I will go for it .. seeing recent past records of Shreni ... AccelerateBS / Veefin / Global Pet / Bright Outdoor .. I don't care of GMP (One Sided Only _ Buyers) .. Open _ Position .. Let them 🐕 bark GMPs / Subject Rate .. 🤣

Hi
How do we attend the investors meeting.
Can anyone tell me.
I m from Goa.
So I want to attend this.

No sme meeting in goa
1st mumbai
2nd dehli
3rd rajkot / Ahmedabad

@Akki thanks
Can u tell me the date n venue of meeting.

Considering many IPOs clashing at the same time, pls suggest the order to apply having limited funds.

Apply based on gmp and subscription figure based on 12 pm on 12 September. Need to do math

MESON VALVES SME IPO: The company is NOT YET a manufacturer of valves. It assembles and trades. Assembly unit is in Maharashtra. The IPO is primarily to develop a manufacturing plant for Valves and related components.

Company supplies primarily to marine/naval, oil & gas industries. Out of 37Cr Fy23 revenue, export was just 1%. It will take at least 1 year, for sales from their new unit to reflect in financial results. Small valve manufacturer like CHEMTECH Valves has PE of just 12.

MESON VALVES is seeking Rs.102 at 22.75x on post IPO equity basis. That is not even before they have a proper manufacturing set up. Hence the IPO is currently Overpriced but if you can wait for >1 year for production start, it can do well.

Any listed peers to compare with?

GMP ROCKET ONE SIDE 70/-

​@Arjun Rajkot Missing your comments. Please share your thoughts actively. Thanks 🙏

90 buyer

HoS
Buyer 50