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.

Company Promoters:

The promoters of the company are:

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

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

IPO Opening Date	Apr 27, 2017
IPO Closing Date	May 4, 2017
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹36 per equity share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	BSE SME
Issue Size	1,080,000 Eq Shares of ₹10 (aggregating up to ₹3.89 Cr)

Meera Industries IPO Lot Size

The Meera Industries IPO market 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 (Cut-off)
Minimum	1	3000	₹108,000
Maximum	1	3000	₹108,000

Meera Industries IPO Subscription Status (Bidding Detail)

The Meera Industries IPO is subscribed times on May 3, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total

Meera Industries IPO Prospectus

› Meera Industries IPO DRHP

Meera Industries IPO Rating

142

3.8

Rating:

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Meera Industries IPO Listing Date

Listing Date	Monday, May 15, 2017
BSE Script Code	540519
NSE Symbol
Listing In	M
ISIN	INE343X01018
IPO Price	₹36 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹36.00
₹36.00
₹33.00
₹37.00
₹36.05
480,000

Meera Industries IPO Reviews / Ratings

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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

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Meera Industries IPO Lead Manager(s)

Guiness Corporate Advisors Pvt Ltd

Lead Manager Reports

Meera Industries IPO FAQs

What is Meera Industries IPO?

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 equity share. The minimum order quantity is 3000 Shares.

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

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Meera Industries IPO will open?

The Meera Industries IPO opens on Apr 27, 2017 and closes on May 4, 2017.
What is the lot size of Meera Industries IPO?

Meera Industries IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
How to apply for Meera Industries IPO?

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.
When Meera Industries IPO allotment?

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.
When is Meera Industries IPO listing date?

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

Meera Industries IPO Message Board

Ranked Members

87. nileshshah |Jul 12, 2017 11:06

how to sell this shares from d mat. i got it from ipo allotment pl guide

86. mahavir lunawat |Jul 7, 2017 17:05

dear ipo analysis sir,
meera at 59 listed on 36. what do you say now???

better keep your mouth shut.

86.1. SHaileshmnahar |Jul 8, 2017 00:39

Mahvir bhai.... Ur view on zota

86.2. Dokwal |Jul 18, 2017 22:59

zota heath care ke bareme kya khayal h?

85. Jigarjigar |Jul 8, 2017 00:02

mahavir lunavat sir, your observastion
in meera 100 % right.
please give your suggestion for jalan transolution.

84. Chintan Thaker |Jun 30, 2017 15:42

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 |May 30, 2017 21:55

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 |May 30, 2017 15:17

Apply Shri ram switchgear for super return on listing day.
GMP 2.8

81. Allan |May 30, 2017 12:50

Registrars like Guiness,Navigant, Gretex, Monarch should be boycotted...i have been doing that and Successful

81.1. Allan |May 30, 2017 12:56

The fundamentals of the company dont matter when the above Lead Managers are in action

81.2. mahavir lunawat |Jul 7, 2017 17:09

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 |May 26, 2017 22:50

Keep patience
You will surely rewarded in this stock

80.1. V D PATEL |Jul 5, 2017 17:31

AS I SAY EARLIER ITS DOUBLE FROM ITS LAW

79. TheLearner |May 22, 2017 13:58

FUNDAMENTALLY WEAK COMPANY.... NO BUYER EVEN AT 31... WILL BE GOOD BUY AT 27 ODD RUPEES

79.1. IPOANALYSIS |May 23, 2017 17:54

IPO Guru (1700+ Posts, 1300+ Likes)

i would not buy even at 27 rs. Guiness and business both are risky ,

78. mahavir lunawat |May 18, 2017 21:04

@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 |May 18, 2017 14:29

In the short run, the price of a scrip is highly influenced by the investor sentiment rather than the companyâ€™s fundamentals. If a lot of investorâ€™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. Itâ€™s a simple concept of demand and supply, and it doesnâ€™t necessarily reflect the companyâ€™s actual worth.

76. sanjeev agrawal |May 11, 2017 11:31

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 .

Load more comments (4 replies)

76.5. IPOANALYSIS |May 15, 2017 10:32

IPO Guru (1700+ Posts, 1300+ Likes)

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 |May 16, 2017 12:23

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 |May 16, 2017 07:35

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 |May 15, 2017 22:00

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 |May 15, 2017 23:14

IPO Guru (1700+ Posts, 1300+ Likes)

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 |May 15, 2017 21:52

Listing summary today
Issue price-36
Closing price -36.05
High -37.00
Low -33.00

72. IPOANALYSIS |May 15, 2017 11:28

IPO Guru (1700+ Posts, 1300+ Likes)

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 |May 15, 2017 10:28