Meson Valves India IPO Allotment Date and Listing Details.

Meson Valves India IPO Allotment Date and Listing Details.

Asif Iqbal | September 15, 2023 | 04:39 PM IST | Breaking News | Follow on Google News

Meson Valves India IPO Allotment Date and Listing Details.

Investors eagerly awaiting the outcome of the Meson Valves India IPO need to mark their calendars. The allotment date for the Meson Valves India IPO has been finalized and is scheduled for Friday, September 15. This is a crucial date for IPO participants as it will determine the number of shares they have been allocated.

**Check Allotment Status**

To check their allotment status, investors can visit the registrar’s portal, Maashitla Securities Private Ltd. Here’s how to do it:

**Step 1**: Access the Maashitla Securities Private Ltd website, which is the registrar for Meson Valves IPO, using the following link: [Meson Valves IPO Allotment Status](https://maashitla.com/allotment-status/public-issue)

**Step 2**: Upon clicking the link, you will be directed to the landing page, which will provide access to the allotment status. Please note that this status will only be available once the allotment process has been completed.

**Step 3**: Select the company, Meson Valves India, from the drop-down menu to view the allotment information.

**Step 4**: To check the allocation status, you can use one of the following IDs:- Income Tax PAN (permanent account number) number: Enter your 10-digit alphanumeric PAN number and click ‘Submit.’- Application number or CAF number: Enter your application or CAF number and click ‘Search.’- Beneficiary ID: Enter your demat account’s beneficiary ID, which includes the depository participant (DP) ID and client ID together.

**Step 5**: After entering the relevant ID, click the ‘Submit’ button to access information about the shares allocated to you in the IPO.

**Listing Date and Share Delivery**

Following the allotment, those investors who have been allocated shares can expect them to be credited to their Demat accounts on Wednesday, September 20. On the other hand, the refund process for investors who were not allotted shares will commence on Monday, September 18.

**Meson Valves IPO Details**

The Meson Valves IPO, worth ₹31.09 crore, consists of a fresh issue of 30.48 lakh shares with a face value of ₹10 each. The price band for the SME IPO has been set at ₹102 per share. In terms of allocation, the company has reserved 47.44% of shares for retail investors and an equal percentage for non-institutional investors (NII). The remaining 5.12% (1.56 lakh shares) are offered to the market maker of the IPO. The lot size for the Meson Valves India IPO is 1,200 shares, with a minimum investment requirement of ₹122,400 for retail investors.

**Grey Market Premium (GMP)**

As of today, the Grey Market Premium (GMP) for Meson Valves IPO stands at ₹97 per share, as reported by topsharebrokers.com. This indicates that Meson Valves shares are trading at a premium of ₹97 over their issue price of ₹102 in the grey market.

Based on the issue price and the GMP, the estimated listing price for Meson Valves shares is ₹199 apiece, representing a significant 95.1% premium over the issue price. The GMP reflects investors’ willingness to pay more than the IPO price in the unofficial grey market.I

investors should stay tuned for further updates and the listing of Meson Valves shares on Thursday, September 21, as the company enters the stock markets.

Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.