Meera Industries Ltd IPO Message Board (Page 2)

Meera industries allotment details are now available in http://kosmic.karvy.com:81/ipotrack/

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

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

Meera SME IPO How many Rs will be listing

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.

It will list on 15th. Confirmed.

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.

Can any one please post allotment link. It is not there on karvy site.

Hello Bhanu and MB ABD,
It is possible that your Lien is not yet marked for unblocking (it is not deliberate), which usually happens with IOB/SBI.
You can call ''''Jamnagar DP branch of SBI'''' or any SBI branch (near to you) that provides depository service and ask them to cancel the Lien (provide them the application number). Officials from Jamnagar DP branch are really helpful and wonderful people.
They might also ask you to send an email (from your registered mail-id) with the same details.
Note:
Most of the officials won''''t know about ASBA or IPO. So if you call a branch that doesn''''t provide DP service, they will confuse you.
My friend just went through this process and got his money unblocked today morning.

Hi Prabhakaran Kuppusamy ,

SBI unblocked it now.

However, Thank you for the advice.
Next time if this happens, this information will help me a lot.

Allotment link
Amount still blocked in SBI

Same is the case with my friend (applied from IOB).
He didn''t get allotment; but the fund is still blocked.
It maybe because today is buddha purnima because of which these government banks might be off.

Still SBI did not unblock my money.

This is bad.

First time, I am experiencing this.

still lien my amount of meera in sbi

Meera indus. Ipo allotmet msg send on mob. no.

Karvy Website Not Show Allotment Status

Plz Confirm Listing Price

small SME IPO like focus, good management, infrastructure, strong financial position. so 2 UC possible.
listing likely 16 - 5 - 17.

Strong fundamental company.minimum 20% to 30% return expected.

meera ka hoga mohan ab

target rs30.20 in 30 min after listing

hagwan ko peyara;)

Karishma site does not include Meera Industries in the dropdown list of cos. Whose allotment is available.Is allotment really out ?

Karishma allotment status site ...cos. names us?

Got message from CDSL today at 6:15pm that the shares are credited to my demat account.
So the listing will be on on Friday or tomorrow (Thursday) for sure.

If any one has link thn pls post...

When Is Allotment... ??

please check your register email id and mobile number.

ALLOTMENT IS OUT.I have got 1/5 till time..

please provide me link to check IPO status

Allotment is not yes out.