Incorporated in 2006, Meera Industries Ltd (MIL) is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. Company's products are sold under the brand name "MEERA".
MIL cater 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.
They have government recognized in-house R&D Center by Department of Scientific and Industrial Research, Government of India located within the manufacturing unit.
The promoters of the company are:
1. Dharmesh V. Desai
2. Bijal D. Desai
The objects of the Issue are:
1. To purchase additional plant and machineries for the existing manufacturing facility at Surat, Gujarat;
2. Setting up of new manufacturing facility (yarn division) at Surat, Gujarat;
3. Funding of working capital requirements;
4. General Corporate Purpose;
5. Issue Expenses.
»» Issue Open: Apr 27, 2017 - May 4, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,080,000 Equity Shares of Rs 10 aggregating up to Rs 3.89 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 36 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: BSE SME
Meera Industries IPO Subscription Status tells if Meera Industries IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Meera Industries IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Apr 28, 2017 17:00 IST||693,000|
|Day 2 - May 2, 2017 17:00 IST||1,986,000|
|Day 3 - May 3, 2017 17:00 IST||4,305,000|
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