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Meera Industries Ltd IPO (Meera Industries IPO) Detail

Apr 27, 2017 - May 4, 2017

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.

Company Promoters:

The promoters of the company are:

1. Dharmesh V. Desai
2. Bijal D. Desai

Objects of the Issue:

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 Detail:

  »»  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 Reviews:

  1. Meera Industries Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeTotal
Shares Offered / Reserved
Day 1 - Apr 28, 2017 17:00 IST693000
Day 2 - May 2, 2017 17:00 IST1986000
Day 3 - May 3, 2017 17:00 IST4305000

Meera Industries IPO Prospectus

Meera Industries IPO Rating

142
3.8
Rating:Rated 3.8 stars

Vote Here ...

Meera Industries IPO Listing Date

  •   ›  Listing Date: Monday, May 15, 2017
  •   ›  BSE Script Code: 540519
  •   ›  NSE Symbol:
  •   ›  Listing In: ‘M’ Group of Securities
  •   ›  ISIN: INE343X01018
  •   ›  Issue Price: Rs 36 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

BSE SME
Issue Price:Rs 36.00
Open:Rs 36.00
Low:Rs 33.00
High:Rs 37.00
Last Trade:Rs 36.05
Volume:480,000

Meera Industries IPO News Alerts

  1. Monday, May 15, 2017 12:00:00 AM
    Meera Industries Ltd IPO - Listing
  2. Thursday, May 4, 2017 12:00:00 AM
    Meera Industries Ltd IPO - Close
  3. Thursday, April 27, 2017 12:00:00 AM
    Meera Industries Ltd IPO - Open

Company Contact Information

Meera Industries Ltd
2126, Road NO. 2
GIDC,
Sachin Surat - 394230
Phone: + 91-261-2399114
Fax: +91-261-2397269
Email: cs@meeraind.com
Website: http://www.meeraind.com

Meera Industries IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Meera Industries IPO Lead Manager(s)

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Meera Industries IPO Review / Comments

avatar
78. TheLearner  May 22, 2017 12:58:31 PM IST I Like It. | Report Abuse Reply
FUNDAMENTALLY WEAK COMPANY.... NO BUYER EVEN AT 31... WILL BE GOOD BUY AT 27 ODD RUPEES
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77. mahavir lunawat  May 18, 2017 8:04:13 PM IST I Like It. 2 | Report Abuse Reply
@36 it was fairly priced and on 33 I think its even more... feel sorry for people who sold at losses since some people only invest for easy money out of listing gains. Trust me earning money in share market doesn''t get that easy... lol. Overall ompany fundamentally looks good would accumulate at this rate. Would not be surprised if it touches 50-55 end of this year...
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76. Anurag Bardia  May 18, 2017 1:29:38 PM IST I Like It. 3 | Report Abuse Reply
In the short run, the price of a scrip is highly influenced by the investor sentiment rather than the company’s fundamentals. If a lot of investor’s wish to get out of the market at the same time, then the price of the stock is bound to come down, no matter how good the fundamentals are. It’s a simple concept of demand and supply, and it doesn’t necessarily reflect the company’s actual worth.
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75. sanjeev agrawal  May 11, 2017 10:31:44 AM IST I Like It. 1 | Report Abuse Reply
after such a bad listing of S CHAND and ZOTA , i think that it will be difficult for MEERA to list above issue price... i have alloted .
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75.5. IPOANALYSIS  May 15, 2017 9:32:40 AM IST I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Once again on target .I updated twice not to apply on such weak fundamental companies. Stay away.plz check my comments .I understand business.
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75.6. sanjeev agrawal  May 16, 2017 11:23:07 AM IST I Like It. 1 | Report Abuse
I earlier anticipated bad performance . now 10 perc. down. Things in the market do not move with fundamentals . price moves ahead of fundamentals. Never rely on fundamentals . you will always loose. price moves by demand and supply not by fundamentals. i am saying after very active trade experience of 15 years in the market.
avatar
74. V D PATEL  May 16, 2017 6:35:40 AM IST I Like It. 1 | Report Abuse Reply
I agree with ipo analysis
It is went to 33
But it is trade above 36 for 3-4 hours
So anyone want to be out
It''s a good time
And for profit everyone have to wait for 3-4 months to get 12-15% returns
avatar
73. V D PATEL  May 15, 2017 9:00:10 PM IST I Like It. | Report Abuse Reply
As I guess earlier
It is listed at premium but not able to hold there
But good news is that it is closed above issue price
I think within a week 2-3 rs gain we will get



avatar
73.1. IPOANALYSIS  May 15, 2017 10:14:47 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
but you have forgotten at one point t went to 33 rs. so anyone could have bought easily on listing at huge discount . with all the hype and oversubscription this has been failure.
check super fine knitters another Guiness issue hugely subscribed is still available at sae issue price and infact even after certain rise it was dumped.
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72. CA M&co.Jodhpur  May 15, 2017 8:52:09 PM IST I Like It. 2 | Report Abuse Reply
Listing summary today
Issue price-36
Closing price -36.05
High -37.00
Low -33.00
avatar
71. IPOANALYSIS  May 15, 2017 10:28:22 AM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Guys start away from guiness issues may come what be unless they have very good issue. This company is more into textile yarn machine.not convincing business and very very risky
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70. RAJA RAJASTHANI  May 15, 2017 9:28:25 AM IST I Like It. | Report Abuse Reply
Poor listing

Below issue price

Beware of SME IPO

😥😥


Not allotted

0/2

Happy feeling as not allotted

Issue price @36


GMP failed
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69. Prabhakaran Kuppusamy  May 13, 2017 6:58:35 PM IST I Like It. | Report Abuse Reply
BOA for Meera is available at http://cmlinks.com/pub/ba/bashow.asp?code=70589
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68. Prabhakaran Kuppusamy  May 12, 2017 6:48:57 PM IST I Like It. | Report Abuse Reply
Hi nix,
Yashesh has mentioned that listing is on Monday.
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67. nix  May 12, 2017 4:36:43 PM IST I Like It. | Report Abuse Reply
When is the listing date finally?
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66. Prabhakaran Kuppusamy  May 12, 2017 1:55:38 PM IST I Like It. | Report Abuse Reply
Meera industries allotment details are now available in http://kosmic.karvy.com:81/ipotrack/
avatar
65. gala  May 2, 2017 2:49:07 PM IST I Like It. 7 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Go for Meera ...... Gave a green signal as it is already 2 tyms oversubscribed
avatar
65.15. TOPS  May 4, 2017 6:09:22 PM IST I Like It. | Report Abuse
Galabha

Any information on meera inds

Also any update on ckp allotment listing ?
Appreciate your reply
avatar
65.16. Jo  May 12, 2017 1:55:27 PM IST I Like It. | Report Abuse
gala bha katara lot lagivya MEERA ko?
katra rupiha ucho khulivye ji aasha hai?
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64. Prabhakaran Kuppusamy  May 12, 2017 1:52:41 PM IST I Like It. | Report Abuse Reply
Another point is that, Meera is Surat (Gujarat) based company.
Whereas ASL and Sarthak were from Kolkatta and Bhilai.
Surat based SME IPOs have proven to give best returns this year than others.
Most of those issues were handled by Pantomath.
This is the first Surat based issue handled by Guiness this year.
All issues handled by Pantomath gave healthy returns (6% to 103%) this year.
I''m unsure why Pantomath didn''t Lead this IPO.

*By this year, I mean the issues after 2/6/2017
avatar
63. Prabhakaran Kuppusamy  May 12, 2017 1:43:03 PM IST I Like It. | Report Abuse Reply
Unlike previous Guiness''s SME IPOs, Meera has good fundamentals.
Consistent sales record and increasing net-profit for past 5 years (unless you call it cooked up).
ROE also seems to be on higher side (almost twice the FD interest).
Debt/equity is brought down to 0.04 (from 0.21).
So I don''t think Meera is fundamentally weak like "ASL Industries Ltd".
PFB, more details.

Key financials (Rs.in Crs.)
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
Net sales      8.84      8.40      8.18      7.58      3.84
Operating profit      0.99      0.80      0.41      0.40      0.41
Net profit      0.49      0.23      0.16      0.06      0.20
Equity cap pd      1.11      1.11      1.11      1.11      1.11

Key operating ratios:
Year end      Mar 16      Mar 15      Mar 14      Mar 13      Mar 12
EPS(Rs)      4.46      2.07      1.44      0.57      1.82
Book value(Rs)      28.72      24.26      22.19      20.75      20.18
CEPS(Rs)      7.03      4.86      2.88      1.98      1.26
NPM(%)      5.54      2.74      1.96      0.79      5.21
OPM(%)      11.20      9.52      5.01      5.28      10.68
ROCE(%)      22.59      17.98      9.73      8.96      16.61
ROE(%)      16.67      8.93      6.72      2.64      8.93
Debt/equity      0.04      0.06      0.08      0.15      0.21
Interest cover      23.00      16.33      4.17      2.00      2.76
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62. Nirav Kakkad  May 12, 2017 9:52:31 AM IST I Like It. | Report Abuse Reply
Meera SME IPO How many Rs will be listing
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61. Prabhakaran Kuppusamy  May 11, 2017 2:47:34 PM IST I Like It. | Report Abuse Reply
It must list tomorrow @9:15am.
Ideally may10 is a working day ( as Buddha purnima is just clearing holiday and market did function).
So RHP clearly said that listing must happen within 6 working days (post closure).
In a perfect world, listing must happen on Friday, otherwise SEBI will question Meera - which itself will be big negative for an yet-to-be-listed company.
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61.1. Yashesh Ajmera  May 11, 2017 6:48:34 PM IST I Like It. | Report Abuse
It will list on 15th. Confirmed.
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60. Prabhakaran Kuppusamy  May 11, 2017 4:55:07 PM IST I Like It. | Report Abuse Reply
hi times,
I don''t think that the allotment is available in any website.
We got message, email (and money also got deducted) and that''s how we came to know about our allocation.
Many people who didn''t get allotment too got SMS notification from Karvy.
I''m unsure why you didn''t receive any (provided you''re still using your registered mobile number).
Please try to call Karvy directly and provide them your application number.
avatar
59. times  May 11, 2017 4:03:04 PM IST I Like It. | Report Abuse Reply
Can any one please post allotment link. It is not there on karvy site.
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