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(As on Sep 06, 2023, 12:00)

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Meson Valves India announces launch of initial public offering

Meson Valves India Ltd. has announced public offering of 3048000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 92.00 per share. The gross proceeds of the issue are expected to be Rs 3,108.96 lakhs.

The company's initial public offer (IPO) will open on 08 September 2023 and is expected to close on 12 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 3048000 Equity Shares of the Company at an price of Rs 102.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Meson Valves India Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.

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