Mason Valves India’s IPO hit the stock market on September 21st, making a remarkable entrance.
The company’s shares, originally priced at Rs 102, shot up to Rs 193.80 when listed on BSE, marking a whopping 90% premium. Investors celebrated significant gains on day one.
This IPO, which was open for subscription from September 8th to September 12th, aimed to raise Rs 31.09 crore through a fixed-price offering.
Key Details
Investors could bid for a minimum of 1,200 equity shares, allowing retail investors to invest up to Rs 1,22,400 as the maximum cap is Rs 2 lakh in the IPO.
High net worth individuals had a minimum investment of Rs 2,44,800 (2,400 shares).
Proceeds from the IPO will be utilized for the purchase of land and machinery worth Rs 11.37 crore and addressing working capital needs of Rs 11.95 crore.
Remaining funds will be allocated for general corporate purposes.
About Mason Valves India
Mason Valves India, promoted by Futuristic Marine along with Raghuveer Natekar, Brijesh Madhav Manerikar,
and Vivekananda Maruti Redekar, specializes in manufacturing valves, actuators, strainers, and remote controls for various sectors, including naval, oil and gas, power, refineries, and more.
The company serves both domestic and international markets with its valve systems, listed on the SME platform of BSE.
Shreni Shares is the merchant banker for the issue, and Mashitala Securities serves as the registrar.
