Investors have invested heavily in Mason Valves’ IPO. The company’s IPO has received an overwhelming response. The Mason Valve IPO has been subscribed more than 173 times in total. The gray market is also bullish on the company’s IPO. Mason Valve’s shares are trading at a premium of more than 90 percent in the gray market. Mason Valves’ IPO opened for subscription on September 8 and closes on September 12, 2023.
Shares of the company Rs. Above 190 can be listed
Mason Valve’s IPO has come at a fixed price of Rs 102. Shares of the company in the gray market at Rs. 94 are being traded at a premium. In such a situation, Mason Valve’s shares are worth Rs. 196 can be listed around. That is, investors who invest money in a company’s IPO can earn a profit of more than 92% on the day of listing. Allotment of Mason Valve shares will be final on 15 September 2023. At the same time, the company’s shares will be listed on the exchange on September 21.
The retail quota of the IPO has been subscribed 203 times
The retail quota of Mason Valve IPO has been subscribed 203.02 times. At the same time, non-institutional investors (NII) have subscribed 132.74 times the quota. Mason Valves’ IPO has been subscribed a total of 173.65 times. Retail investors can apply for 1 lot in a company’s IPO. One lot of IPO has 1200 shares and investors had to invest Rs 122400.
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