Meson Valves shares lists with a stellar 90% premium at ₹193.80 apiece on BSE SME
Indian stock market Wednesday. Meson Valves shares were listed with a hefty premium of 90% at ₹193.80 apiece on BSE SME as against its issue price of ₹102 per share.
The initial public offering (IPO) of Meson Valves India received strong investors as the issue was subscribed by a robust 173.65 times during September 8 to September 12. The SME IPO was subscribed 203.02 times in the retail category and 132.74 times in the Other category.
Also Read: EMS share price debuts at 33.7% premium at ₹282.05 on NSE The ₹31.09 crore worth Meson Valves IPO was 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.
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 was 1,200 shares and the minimum investment required by retail investors is ₹122,400. Catch Live Market Updates hereGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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