Meson Valves India Ltd. makes a strong debut on the bourses with scrip got listed at Rs 193.80 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 102.00.
The company, which raised 0.30 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 30.48 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 08 to Sep 12.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Shreni Shares Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 66,800.84, down 796.00 points, or 1.17 per cent.