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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.

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.

Meera Industries IPO Details

Meera Industries IPO Date Apr 27, 2017 to May 4, 2017
Meera Industries IPO Face Value ₹10 per share
Meera Industries IPO Price ₹36 per share
Meera Industries IPO Lot Size 3000 Shares
Issue Size1,080,000 shares of ₹10
(aggregating up to ₹3.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Dharmesh V. Desai
2. Bijal D. Desai

Meera Industries IPO Lot Size

The Meera Industries IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount
Minimum 1 3000 ₹108,000
Maximum 1 3000 ₹108,000

Meera Industries IPO Review

Considering aggressive pricing, only risk savvy cash surplus investors may consider long term investment.   Meera Ind IPO review update as on 24.04.2017 First review was based on the final prospectus data and the P/E ratio was mentioned in my review based on the data of page no. 53 of the referred document. Having learnt IPO review on Chittorgarh.com, with the said P/E ratio, management clarified the matter of P/E ratio in comparison with peers in true senses (although none of the companies are in the same business, but are in similar line of business). Following data is taken from the listing destination BSE as on 24.04.2017 eve on the basis of December 2016 working and the closing rates on the 24th of April i.e. Monday.   While as per first review its asking price stands at a P/E of 12 plus, the peers are trading in the range of 12.37 to 114.87 P/E and thus the issue is justifiably priced at reasonable levels. Revised Based on this updated review, investors may consider investment in this issue for short to long term.   Read detail review...


Meera Industries IPO Subscription Status (Bidding Detail)

The Meera Industries IPO is subscribed times on May 3, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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 Group of Securities
ISIN INE343X01018
IPO Price ₹36 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹36.00
₹36.00
₹33.00
₹37.00
₹36.05

Company Contact Information

Meera Industries Ltd
2126, Road NO. 2
GIDC,
Sachin Surat - 394230
Phone: + 91-261-2399114
Email: cs@meeraind.com
Website: http://www.meeraind.com

Meera Industries IPO Registrar

KFin Technologies Limited

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

Meera Industries IPO Review

Meera Industries IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Meera Industries IPO FAQs

Meera Industries IPO is a SME IPO of 1,080,000 equity shares of the face value of ₹10 aggregating up to ₹3.89 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Apr 27, 2017, and closes on May 4, 2017.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Meera Industries IPO opens on Apr 27, 2017 and closes on May 4, 2017.

Meera Industries IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Meera Industries IPO 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.

The finalization of Basis of Allotment for Meera Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Meera Industries IPO allotment status.

The Meera Industries IPO listing date is on Monday, May 15, 2017.
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Meera Industries IPO Message Board

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157 Comments

87. nileshshah |   Link |Jul 12, 2017 10:06:39 AM
how to sell this shares from d mat. i got it from ipo allotment pl guide
86. mahavir lunawat |   Link |Jul 7, 2017 4:05:22 PM
dear ipo analysis sir,
meera at 59 listed on 36. what do you say now???

better keep your mouth shut.
86.1. SHaileshmnahar |   Link |Jul 7, 2017 11:39:38 PM
Mahvir bhai.... Ur view on zota
86.2. Dokwal |   Link |Jul 18, 2017 9:59:49 PM
zota heath care ke bareme kya khayal h?
85. Jigarjigar |   Link |Jul 7, 2017 11:02:13 PM
mahavir lunavat sir, your observastion
in meera 100 % right.
please give your suggestion for jalan transolution.
84. Chintan Thaker |   Link |Jun 30, 2017 2:42:29 PM
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 ***
83. V D PATEL |   Link |May 30, 2017 8:55:51 PM
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
82. CA M&co.Jodhpur |   Link |May 30, 2017 2:17:21 PM
Apply Shri ram switchgear for super return on listing day.
GMP 2.8
81. Allan |   Link |May 30, 2017 11:50:56 AM
Top Contributor Top Contributor (200+ Posts)
Registrars like Guiness,Navigant, Gretex, Monarch should be boycotted...i have been doing that and Successful
81.1. Allan |   Link |May 30, 2017 11:56:37 AM
Top Contributor Top Contributor (200+ Posts)
The fundamentals of the company dont matter when the above Lead Managers are in action
81.2. mahavir lunawat |   Link |Jul 7, 2017 4:09:55 PM
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!!!
80. V D PATEL |   Link |May 26, 2017 9:50:38 PM
Keep patience
You will surely rewarded in this stock
80.1. V D PATEL |   Link |Jul 5, 2017 4:31:13 PM
AS I SAY EARLIER ITS DOUBLE FROM ITS LAW
79. TheLearner |   Link |May 22, 2017 12:58:31 PM
FUNDAMENTALLY WEAK COMPANY.... NO BUYER EVEN AT 31... WILL BE GOOD BUY AT 27 ODD RUPEES
79.1. IPOANALYSIS |   Link |May 23, 2017 4:54:36 PM
i would not buy even at 27 rs. Guiness and business both are risky ,
78. mahavir lunawat |   Link |May 18, 2017 8:04:13 PM
@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...
77. Anurag Bardia |   Link |May 18, 2017 1:29:38 PM
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.
76. sanjeev agrawal |   Link |May 11, 2017 10:31:44 AM
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 .
76.5. IPOANALYSIS |   Link |May 15, 2017 9:32:40 AM
Once again on target .I updated twice not to apply on such weak fundamental companies. Stay away.plz check my comments .I understand business.
76.6. sanjeev agrawal |   Link |May 16, 2017 11:23:07 AM
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.
75. V D PATEL |   Link |May 16, 2017 6:35:40 AM
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
74. V D PATEL |   Link |May 15, 2017 9:00:10 PM
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



74.1. IPOANALYSIS |   Link |May 15, 2017 10:14:47 PM
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.
73. CA M&co.Jodhpur |   Link |May 15, 2017 8:52:09 PM
Listing summary today
Issue price-36
Closing price -36.05
High -37.00
Low -33.00
72. IPOANALYSIS |   Link |May 15, 2017 10:28:22 AM
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
71. RAJA RAJASTHANI |   Link |May 15, 2017 9:28:25 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Poor listing

Below issue price

Beware of SME IPO

😥😥


Not allotted

0/2

Happy feeling as not allotted

Issue price @36


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