The Initial Public Offering of Meson Valves India Limited, has opened for subscription on September 8 and will continue till Tuesday, September 12. The IPO is a Fixed Price Issue with a total issue size of Rs 31.09 Cr. Following the subscription and allotment of shares, the IPO will list on BSE SME.
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Meson Valves India IPO: About the companyThe company supplies valves, actuators, strainers and remote-control valve systmes to industries both in domestic and international markets.
Meson Valves India IPO: GMPThe shares of EMS Limited IPO is currently trading at a premium of Rs 90 to Rs 102 per share in the grey market according to several websites tracking grey market premium.
Meson Valves India IPO: Allotment DateFollowing the subscription of the shares of the IPO, the allotment of shares to the subscribers is likely to take place on Friday, September 15.
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Meson Valves India IPO: Listing DateFollowing the allotment and credit of shares to the subscribers the shares are likely to list on the stock exchanges on Thursday, September 21.
Meson Valves India IPO: Price The IPO is a fixed price issue with a price of Rs 102 per share
Meson Valves India IPO: Lot SizeThe Minimum Lot Size of EMS Limited IPO is 1200 shares.
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Meson Valves India IPO: InvestmentThe minimum investment of EMS IPO is Rs 102×1200= Rs 1,22,400
Meson Valves India IPO: RegistrarThe Registrar of EMS Limited IPO is Maashitla Securities Private Limited.
Meson Valves India IPO: Objectives of the IssueThe company intends to utilise the net proceeds of the IPO towards purchasing of plant and machinery for setting up a manufacturing unit and for funding working capital requirements and for general corporate purposes.
