"Meson Valves Soars 90% on BSE SME

Posted under: MSME
Date: 2023-09-21
"Meson Valves Soars 90% on BSE SME

Meson Valves India Ltd had a successful debut in the Indian stock market, with shares listed at a premium of 90% at ₹193.80 on BSE SME, compared to the issue price of ₹102. The Meson Valves India's Initial Public Offering was oversubscribed by 173.65 times from September 8 to September 12, 2021, indicating strong investor interest. The Meson Valves IPO worth ₹31.09 crore comprised a fresh issue of 30.48 lakh shares with a face value of ₹10 each. The price band for the SME IPO was set at ₹102 per share. In the retail category, the SME IPO was oversubscribed by 203.02 times, while in the Other category, it was oversubscribed by 132.74 times. During the IPO, 47.44% of shares were reserved for retail and non-institutional investors, with the market maker receiving the remaining 5.12% or 1.56 lakh shares. The IPO lot size was 1,200 shares, with a minimum investment of ₹122,400 for retail investors.

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