Meson Valves IPO booked 5.5 times so far on the first day; Check subscription status, latest GMP, other key details
₹31.09 crore worth Meson Valves IPO is a fresh issue of 30.48 lakh shares of face value of ₹10 each. The SME IPO price band has been fixed at ₹102 per share. In the IPO, the company reserved 47.44% shares each for retail investors and non-institutional investors (NII).
The remaining 5.12% or 1.56 lakh shares are offered to the market maker of the IPO. Meson Valves India IPO lot size is 1,200 shares and the minimum investment required by retail investors is ₹122,400. Also Read: Jupiter Life Line Hospitals IPO Day 3: Issue subscribed over 60 times so far; retail portion fully booked The company will fix the basis of allotment of IPO shares on September 15 and initiate refunds on September 18, while it will credit the shares to the demat accounts of eligible allottees on September 20.
Meson Valves India shares are expected to be listed on September 21 on BSE SME platform. After knowing the Meson Valves IPO details, let’s take a look at the IPO subscription and GMP today: The SME IPO has received robust demand from investors as the issue got oversubscribed on the first day itself. Meson Valves India IPO has been subscribed 5.43 times so far on September 8, the first day of the bidding process.
The issue received bids for 1.57 crore equity shares as compared to 28.92 lakh shares on the offer. The public issue has been subscribed 9.66 times in the retail category and 1.20 times in the Non-Institutional Investors’ (NII) category, till 4:00 pm. Also Read: Cellecor IPO price band fixed. Latest GMP, other details of NSE SME issue Meson Valves IPO GMP today, or grey market premium today, is ₹90 per share, as per topsharebrokers.com.
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