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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

Issue OpenJun 13, 2019 - Jun 18, 2019
Issue TypeFixed Price Issue FPO
Issue Size522,000 Eq Shares of ₹10
(aggregating up to ₹11.75 Cr)
Face Value₹10 Per Equity Share
Issue Price₹225 Per Equity Share
Market Lot500 Shares
Min Order Quantity500 Shares
Listing AtBSE SME

Meera Industries FPO Tentative Date / Timetable

Bid/Offer Opens OnJun 13, 2019
Bid/Offer Closes OnJun 18, 2019
Finalisation of Basis of AllotmentJun 21, 2019
Initiation of RefundsJun 24, 2019
Credit of Shares to Demat AcctJun 25, 2019
IPO Shares Listing DateJun 26, 2019

Meera Industries FPO Lot Size and Price (Retail)

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

Meera Industries FPO Subscription Status (Bidding Detail)

Meera Industries FPO how much subscribed?

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

Meera Industries FPO Prospectus

Meera Industries FPO Rating

50
3.8
Rating:Rated 3.8 stars

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Meera Industries FPO Listing Date

Listing DateWednesday, June 26, 2019
BSE Script Code540519
NSE Symbol
Listing InM
ISININE343X01018
Issue Price₹225 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue 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

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/

Meera Industries FPO FAQs

  1. What is Meera Industries FPO?

    Meera Industries FPO is an SME initial public offering of 522,000 equity shares of the face value of ₹10 aggregating up to ₹11.75 Crores.

    The issue price of the IPO is ₹225 Per Equity Share. The minimum order quantity is 500 Shares per application and the offer type is Fixed Price Issue.

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

    Karvy Computershare Private Limited is the registrar for the IPO. 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. How to apply for Meera Industries FPO?

    Meera Industries FPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 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 IPO allotment status.

  5. When is Meera Industries FPO listing date?

    The IRCTC IPO listing date is on Wednesday, June 26, 2019, at BSE SME.

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Meera Industries FPO Review / Comments

Hiteshji
2. Hiteshji  Jun 13, 2019 18:02 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Avoid all sme IPOs. Make u full, take our money and then go away. Kuch sikho Bhai,...
MEdge
1. MEdge  Jun 8, 2019 18:21 I Like It. 5 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ 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.
MEdge
3.2. MEdge  Jun 10, 2019 22:15 I Like It. 4 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Today trading price increases to 219, it will go up more before FPO subscription end date.
MEdge
3.3. MEdge  Jun 17, 2019 17:08 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
as predicted todays high 250, closed at 240



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