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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 / Recommendations:

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Meera Industries IPO Subscription Status / Live Bidding Status

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.

Meera Industries IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeTotal
Shares Offered / Reserved
Day 1 - Apr 28, 2017 17:00 IST693,000
Day 2 - May 2, 2017 17:00 IST1,986,000
Day 3 - May 3, 2017 17:00 IST4,305,000

Meera Industries IPO Prospectus

Meera Industries IPO Rating

142
3.8
Rating:Rated 3.8 stars

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Meera Industries IPO Listing Date

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

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 36.00
Rs 36.00
Rs 33.00
Rs 37.00
Rs 36.05
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
87. nileshshah  Jul 12, 2017 10:06:39 AM IST I Like It. 1 | Report Abuse
how to sell this shares from d mat. i got it from ipo allotment pl guide
avatar
86. mahavir lunawat  Jul 7, 2017 4:05:22 PM IST I Like It. 1 | Report Abuse
dear ipo analysis sir,
meera at 59 listed on 36. what do you say now???

better keep your mouth shut.
avatar
86.1. SHaileshmnahar  Jul 7, 2017 11:39:38 PM IST I Like It. | Report Abuse
Mahvir bhai.... Ur view on zota
avatar
86.2. Dokwal  Jul 18, 2017 9:59:49 PM IST I Like It. | Report Abuse
zota heath care ke bareme kya khayal h?
avatar
85. Jigarjigar  Jul 7, 2017 11:02:13 PM IST I Like It. | Report Abuse
mahavir lunavat sir, your observastion
in meera 100 % right.
please give your suggestion for jalan transolution.
avatar
84. Chintan Thaker  Jun 30, 2017 2:42:29 PM IST I Like It. | Report Abuse
it is better than CDSL as allotment will come to 3 apps out of 6 apps.

CDSL 1 out of 16 apps having profit of 10500

Au finance 8 out of 16 apps having GMP 70 * 41 * 8 = 23000 Apx ***
avatar
83. V D PATEL  May 30, 2017 8:55:51 PM IST I Like It. 2 | Report Abuse
Result is out of 2016-17 and it''s super
Profit is at 102 lakhs comapare to 42 lakhs in 2015-16
So upmove can be seen tomorrow
avatar
82. CA M&co.Jodhpur  May 30, 2017 2:17:21 PM IST I Like It. 1 | Report Abuse
Apply Shri ram switchgear for super return on listing day.
GMP 2.8
avatar
81. Allan  May 30, 2017 11:50:56 AM IST I Like It. | Report Abuse
Registrars like Guiness,Navigant, Gretex, Monarch should be boycotted...i have been doing that and Successful
avatar
81.1. Allan  May 30, 2017 11:56:37 AM IST I Like It. | Report Abuse
The fundamentals of the company dont matter when the above Lead Managers are in action
avatar
81.2. mahavir lunawat  Jul 7, 2017 4:09:55 PM IST I Like It. | Report Abuse
listed at 36 now at 59.
Guiness is the most trusted lead manager.
i envest in only hem and guiness ipo.
keep away from pantamoth issues. fraud lead manager!!!
avatar
80. V D PATEL  May 26, 2017 9:50:38 PM IST I Like It. | Report Abuse
Keep patience
You will surely rewarded in this stock
avatar
80.1. V D PATEL  Jul 5, 2017 4:31:13 PM IST I Like It. | Report Abuse
AS I SAY EARLIER ITS DOUBLE FROM ITS LAW
avatar
79. TheLearner  May 22, 2017 12:58:31 PM IST I Like It. | Report Abuse
FUNDAMENTALLY WEAK COMPANY.... NO BUYER EVEN AT 31... WILL BE GOOD BUY AT 27 ODD RUPEES
avatar
79.1. IPOANALYSIS  May 23, 2017 4:54:36 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
i would not buy even at 27 rs. Guiness and business both are risky ,
avatar
78. mahavir lunawat  May 18, 2017 8:04:13 PM IST I Like It. 2 | Report Abuse
@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...
avatar
77. Anurag Bardia  May 18, 2017 1:29:38 PM IST I Like It. 3 | Report Abuse
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.
avatar
76. sanjeev agrawal  May 11, 2017 10:31:44 AM IST I Like It. 1 | Report Abuse
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 .
avatar
76.5. IPOANALYSIS  May 15, 2017 9:32:40 AM IST I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 600+ 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.
avatar
76.6. 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
75. V D PATEL  May 16, 2017 6:35:40 AM IST I Like It. 1 | Report Abuse
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
74. V D PATEL  May 15, 2017 9:00:10 PM IST I Like It. | Report Abuse
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
74.1. IPOANALYSIS  May 15, 2017 10:14:47 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 600+ 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.
avatar
73. CA M&co.Jodhpur  May 15, 2017 8:52:09 PM IST I Like It. 2 | Report Abuse
Listing summary today
Issue price-36
Closing price -36.05
High -37.00
Low -33.00
avatar
72. IPOANALYSIS  May 15, 2017 10:28:22 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 600+ 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
avatar
71. RAJA RAJASTHANI  May 15, 2017 9:28:25 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Poor listing

Below issue price

Beware of SME IPO

😥😥


Not allotted

0/2

Happy feeling as not allotted

Issue price @36


GMP failed
avatar
70. Prabhakaran Kuppusamy  May 13, 2017 6:58:35 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
BOA for Meera is available at http://cmlinks.com/pub/ba/bashow.asp?code=70589
avatar
70.1. Yug  Jul 5, 2017 10:15:23 AM IST I Like It. | Report Abuse
Congratulations, Prabhakaran. Two upper circuits of 20. What do you say now?
avatar
69. Prabhakaran Kuppusamy  May 12, 2017 6:48:57 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Hi nix,
Yashesh has mentioned that listing is on Monday.
avatar
68. nix  May 12, 2017 4:36:43 PM IST I Like It. | Report Abuse
When is the listing date finally?
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