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Smaller companies are offering bumper returns on listing. One such company Mason Valves India’s IPO opened for subscription on Friday, September 8. The company’s IPO is fully booked on the first day itself. The company’s IPO was oversubscribed 8.33 times on the first day. The retail quota of the IPO has been subscribed 14.53 times. While non-institutional investors (NII) quota has been subscribed 2.11 times.
More than 88% profit can be made on listing
The Mason Valve IPO is a fixed price issue. The IPO price is Rs 102. Gray market is bullish on Mason Valves’ IPO. Gray Market Premium (GMP) of Mason Valve IPO is already Rs. 90 has been reached. If Rs. If the GMP of 90 remains intact, shares of Mason Valve will be Rs. 192 can be listed in the stock exchange. That is, investors who invest money in a company’s IPO on the day of listing can get more than 88% profit.
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The company’s shares can be listed on September 21
The Mason Valve IPO will be open for subscription till September 12. At the same time, the allotment of shares in the IPO may be finalized on Friday, September 15. The company’s shares may be listed on the exchange on September 21. Company shares BSE The SME will be listed in the exchange. Retail investors can apply for 1 lot in Mason Valve IPO. One lot of the company’s IPO is 1200 shares. That means investors have to invest at least 122400 rupees.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.