Meera Industries Ltd IPO Message Board (Page 4)

Your update on meera & ckp allotment ?

Their accounting looks pure made up for the IPO ... Too good to be true and why not how many Gujurat companies already did it so far in SME, Take money run away .

Meera almost subscribed 4 times

Bid and Quantity for MEERA INDUSTRIES LIMITED
At BSE
Last updated on
5/3/2017 7:00:59 PM
Price ()      Quantity
36.00      29,10,000
Cut-off      13,95,000
Total      43,05,000

pl advice meera indu. ltd issue apply yes /no

sir pl advice meera indu. ltd ipo apply yes/ no

Meera GMP ?

Probably it will be 100 times plus subscription

Should we apply for this ipo.Meera.

Thinking the point--

Small issue

Only 3.89 Crores.

Very high subscription figures expected.
Hence getting allotment is very difficult.
Better to keep money in Bank account for HUDCO IPO.

Things to remember-

Small issue

Only 3.89 Crores.

Very high subscription figures expected.
Hence getting allotment is very difficult.
Better to keep money in Bank account for HUDCO IPO.

good & strong fundamental...

What is gmp of meera subject to allotment

What is gmp of meera subject to allotment

Bid and Quantity for MEERA INDUSTRIES LIMITED
At BSE
Last updated on
5/2/2017 5:00:52 PM
Price ()      Quantity
36.00      13,86,000
Cut-off      6,00,000
Total      19,86,000

Galabha
Your view on Meera inds

galabja Kataro bhavajo andajo hai?

Meera Industries BSE SME IPO Opened on April 27 & Closes on May 4, 2017

Offer price Rs. 36 ; Listing on BSE - SME platform

Considering strong fundamentals, reasonable offer apply for short to medium term


Meera Industries Ltd (MIL) is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. All the machines are stringently tested at its in-house quality management unit to ensure the flawless performance of the machines. Moreover, various R&D activities are conducted by it to remain abreast of the latest market requirements. MIL caters to the domestic market as well as Exports the products to continents like America, South America, Africa, Europe and Asia and major countries like Germany, Spain, Turkey, Thailand, Belgium, USA etc. Company''s products are sold under the brand name "MEERA".
To part finance purchase of additional plant and machinery, setting up of new yarn manufacturing facility, meet working capital funding and general corpus fund needs, the company is coming out with a maiden IPO of 1080000 equity share of Rs. 10 each at a fixed price of Rs. 36 per share to mobilize Rs. 3.89 crore. Issue opens for subscription on 27.04.17 and will close on 04.05.17. Minimum application is to be made for 3000 shares and in multiples thereof, thereafter. Post allotment, shares will be listed on BSE SME. Issue is solely lead managed by Guiness Corporate Advisors Pvt Ltd and Karvy Computershare Pvt Ltd is the registrar to the issue. It raised initial equity at par value and then issued further capital at a price of Rs. 40 and Rs. 100 per share during 2009 - 2017. It also issued bonus shares in the ratio of 1.5 share for every 1 share held in January 2017. Post issue, its current paid up equity capital of Rs. 2.85 crore will stand enhanced to Rs. 3.93 crore.
Financial Performance :- On performance front, the company has posted turnover/net profits of Rs. 7.52 cr. / Rs. 0.16 cr. (FY14), Rs. 8.01 cr. / Rs. 0.23 cr. (FY15) and Rs. 8.18 cr. / Rs. 0.49 cr. (FY 16). For first 10 months ended on 31.01.17 of the current fiscal, it has earned net profit of Rs. 0.96 crore on a turnover of Rs. 11.37 crore. If we annualized latest earnings and attribute it on the fully diluted equity post issue then the its asking price stands at a P/E of 12 plus, the peers are trading in the range of 12.37 to 114.87 P/E and thus the issue is justifiably priced at reasonable levels.
BRLM'' Perfromance :- On merchant banker''s front, this is the 17th mandate from its stable and last 10 listings have shown mixed trends with 4 issues quoting at discount to offer price on the day of listing.
Recommendation : Considering company strong fundamentals and reasonable offer price investors may apply for short to medium term

SmartInvestment.in is quite Gungho On This....

why it is not showing first day subscription , is this ipo good or bad please inform

There is quite a buzz about this IPO, the company seems to have good fundamentals, and at the issue price of RS. 36, it seems reasonably priced. The company has a well established export network to more than 18 countries, and with GST coming in, the company will benefit highly in the long run. Go through the annual report before investing, but this company is aces in my books.

Hello Eagleye / septa sir

Your view on MEERA INDS LTD & CKP SME IPO is it worth applying ?

multibagger for sit tight inv. for a year or 2...

mast company lag raha hai. good to see such SME''s coming out. They are setting manufacturing in USA. promoters look very dynamic