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
Mr. Dharmesh V. Desai and Mrs. Bijal D. Desai are the promoters of the company.
| 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 | |
The Objects of the Issue are to:
(a) Fund expansion of manufacturing facilities at Sachin, Surat; and
(b) Fund expenditure for General Corporate Purposes.
| Issue Open | Jun 13, 2019 - Jun 18, 2019 |
| Issue Type | Fixed Price Issue FPO |
| Issue Size | 522,000 Eq Shares of Rs 10 (aggregating up to Rs 11.75 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 225 Per Equity Share |
| Market Lot | 500 Shares |
| Min Order Quantity | 500 Shares |
| Listing At | BSE SME |
| Bid/Offer Opens On | Jun 13, 2019 |
| Bid/Offer Closes On | Jun 18, 2019 |
| Finalisation of Basis of Allotment | Jun 21, 2019 |
| Initiation of Refunds | Jun 24, 2019 |
| Credit of Shares to Demat Acct: | Jun 25, 2019 |
| IPO Shares Listing Date: | Jun 26, 2019 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 246,000 | 246,000 | 492,000 |
Jun 18, 2019 18:49 | 1.99x | 0.33x | 1.16x |
| Listing Date | Wednesday, June 26, 2019 |
| BSE Script Code | 540519 |
| NSE Symbol | |
| Listing In | M |
| ISIN | INE343X01018 |
| Issue Price | Rs 225 Per Equity Share |
| Face Value | Rs 10 Per Equity Share |
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/
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/
Guaranteed Save 60% to 90% Brokerage
You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...
Useful Articles
Stock Broker Comparison
Compare Share Brokers Side-by-Side Comparison List of Stock Brokers Broker Complaints Monitor Articles / Tutorials GlossaryDiscount Brokers
5paisa (Flat ₹10) Zerodha (Flat ₹20) ProStocks (Flat ₹15) Upstox RKSV (Flat ₹20) Trade Smart Online More Discount Brokers >>Full-service Brokers
ICICI Direct Edelweiss Broking Motilal Oswal Angel Broking Sharekhan More Full-service Brokers >>More About Brokers
Special Offers Broker Reports Top 10 Discount Brokers Top 10 Full-Service Brokers Top 20 Share BrokersTrading Platform Reviews
Zerodha Kite Review Omnesys NEST Review ODIN Review NSE NOW Review More Trading Platform Reviews >>Message Board
Stock Message BoardOptions Basics
Options Overview Benefits & Risks of Options Options Pricing More Articles... Options Trading FAQ's Options Trading GlossaryBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaHistory of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
Top Contributor (300+ Posts, 400+ Likes)
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.