Meson Valves India Ltd - IPO

Meson Valves India Ltd IPO Details

Initial public offering of 30,48,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Meson Valves India Limited (MVIL or The Company or The Issuer) for cash at a price of Rs. 102/- per equity share (including a premium of Rs. 92/- per equity share) (Issue Price) aggregating to Rs. 31.09 crores (The Issue) of which 1,56,000 equity shares aggregating to Rs. 1.59 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 28,92,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 102/- per equity share aggregating to Rs. 29.50 croress (Net Issue). The issue and the net issue will constitute 30.00% and 28.46% of the post issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 10.2 times of the face value.

Objective of issue

Purchase of plant and machinery for setting up of Manufacturing unit. Funding working capital requirements. General corporate purposes.

Meson Valves India Ltd Contact Details

Meson Valves India Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - investor@mvi.ltd

Website - www.mvi.ltd