Meera Industries Limited FPO (Meera Industries FPO) Detail

Jun 13, 2019 - Jun 18, 2019

Incorporated in 2006, Meera Industries Limited is engaged in manufacturing of textile machines such as winding, twisting, heat setting and cabling machines. In addition, the high-performance machines are also designed, developed and sold by the company to other textile manufacturing and processing units. They also provide a testing facility and assistance after sales to maintain a healthy relationship with customers.

The company has its own yarn twisting division which was started in the year 2017-18 to process and sell the yarn. It also exports textile machinery products in South America, Europe, America, Africa, and Asia continents. It has a wholly owned subsidiary named Meera Industries USA LLC located in the State of Northern Carolina to supply products in Canada, the USA and other South American countries.

Meera Industries' manufacturing unit is located at Surat, Gujarat to produce heat-setting, winding, and yarn twisting machine. An R&D Center approved by DSIR (Department of Scientific and Industrial Research) is also located in this manufacturing unit.

The competitive strengths of the company are:
1. Cost effective products
2. Timely order execution
3. Manufacturing unit at a prime location
4. A balance sheet with zero debt
5. In house manufacturing, and R&D unit

Company Promoters:

Mr. Dharmesh V. Desai and Mrs. Bijal D. Desai are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-19 31-Mar-18
Total Assets 2,166.42 1,468.14
Total Revenue 3,558.41 2,149.66
Profit After Tax 494.55 240.80

Objects of the Issue:

The Objects of the Issue are to:

(a) Fund expansion of manufacturing facilities at Sachin, Surat; and
(b) Fund expenditure for General Corporate Purposes.

Meera Industries FPO Details

IPO Opening DateJun 13, 2019
IPO Closing DateJun 18, 2019
Issue TypeFixed Price Issue FPO
Face Value₹10 per equity share
IPO Price₹225 per equity share
Market Lot500 Shares
Min Order Quantity500 Shares
Listing AtBSE SME
Issue Size522,000 Eq Shares of ₹10
(aggregating up to ₹11.75 Cr)

Meera Industries FPO Tentative Timetable

The Meera Industries FPO open date is Jun 13, 2019, and the close date is Jun 18, 2019. The issue may list on Jun 26, 2019.

IPO Open DateJun 13, 2019
IPO Close DateJun 18, 2019
Basis of Allotment DateJun 21, 2019
Initiation of RefundsJun 24, 2019
Credit of Shares to Demat AccountJun 25, 2019
IPO Listing DateJun 26, 2019

Meera Industries FPO Lot Size

The Meera Industries FPO market lot size is 500 shares. A retail-individual investor can apply for up to 1 lots (500 shares or ₹112,500).

ApplicationLotsSharesAmount (Cut-off)
Minimum1500₹112,500
Maximum1500₹112,500

Meera Industries FPO Subscription Status (Bidding Detail)

The Meera Industries FPO is subscribed 1.16x times on Jun 18, 2019 18:49. The public issue subscribed 0.33x in the retail category, in the QIB category, and 1.99x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.99x

RII

0.33x

Total

1.16x

Meera Industries FPO Prospectus

Meera Industries FPO Rating

50
3.8
Rating:Rated 3.8 stars

Vote Here ...

Meera Industries FPO Listing Date

Listing DateWednesday, June 26, 2019
BSE Script Code540519
NSE Symbol
Listing InM Group of Securities
ISININE343X01018
IPO Price₹225 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹225.00
₹222.50
₹216.00
₹222.50
₹221.90
2,000

Meera Industries FPO Reviews / Ratings

Company Contact Information

Meera Industries Limited
2126, Road No. 2,
GIDC, Sachin,
Surat, Gujarat - 394230

Phone: + 91 261 2399114
Email: info@meeraind.com
Website: https://www.meeraind.com/

Meera Industries FPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Meera Industries FPO FAQs

  1. What is Meera Industries FPO?

    Meera Industries FPO is a SME FPO of 522,000 equity shares of the face value of ₹10 aggregating up to ₹11.75 Crores. The issue is priced at ₹225 per equity share. The minimum order quantity is 500 Shares.

    The FPO opens on Jun 13, 2019, and closes on Jun 18, 2019.

    KFintech Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE SME.

  2. When Meera Industries FPO will open?

    The Meera Industries FPO opens on Jun 13, 2019 and closes on Jun 18, 2019.

  3. What is the lot size of Meera Industries FPO?

    Meera Industries FPO lot size is 500 Shares and the minimum order quantity is 500 Shares.

  4. How to apply for Meera Industries FPO?

    You can apply in Meera Industries FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Meera Industries FPO allotment?

    The finalization of Basis of Allotment for Meera Industries FPO will be done on Jun 21, 2019, and the allotted shares will be credited to your demat account by Jun 25, 2019. Check the Meera Industries FPO allotment status.

  6. When is Meera Industries FPO listing date?

    The Meera Industries FPO listing date is on Wednesday, June 26, 2019.

Meera Industries FPO Message Board

Ranked Members  Ranked Members

Loading...
2. Hiteshji |Jun 13, 2019 18:02
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Avoid all sme IPOs. Make u full, take our money and then go away. Kuch sikho Bhai,...
1. MEdge |Jun 8, 2019 18:21
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
This is FPO, company share already trading at 208 at BSE then why FPO asking price is 225?

Though original IPO price was 36, from 36 to 208 in last two years, good returns.
Company target is to move main-board BSE in current FY.
1.2. MEdge |Jun 10, 2019 22:15
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Today trading price increases to 219, it will go up more before FPO subscription end date.
1.3. MEdge |Jun 17, 2019 17:08
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
as predicted todays high 250, closed at 240







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