Meson Valves IPO: Check subscription status, latest GMP as focus shifts to share allotment
Also Read: Unihealth Consultancy IPO: What latest GMP signals as focus shifts to share allotment Ahead of the Meson Valves IPO share allotment, let us take a look at what the grey market premium (GMP) suggests. Meson Valves IPO GMP today, or grey market premium today, is ₹90 per share, as per topsharebrokers.com.
This means Meson Valves shares are trading higher by ₹90 than their issue price, in the grey market. Considering the latest GMP today and the IPO price, Meson Valves India shares are estimated to be listed at ₹192 apiece, which is at 88.24% premium to the IPO price.
Also Read: Pramara Promotions IPO listing: SME shares debut at 76.2% premium to issue price; locks at 5% upper circuit The ₹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 was fixed at ₹102 per share.
The company had 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 was 1,200 shares and the minimum investment required by retail investors is ₹122,400. Meson Valves India shares are expected to be listed on September 21 on BSE SME platform.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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