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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.
The promoters of the company are:
1. Dharmesh V. Desai
2. Bijal D. Desai
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.
| 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) |
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 |
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 | Subscription (times) |
|---|
| Listing Date | Monday, May 15, 2017 |
| BSE Script Code | 540519 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE343X01018 |
| IPO Price | ₹36 per equity share |
| Face Value | ₹10 per equity share |
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Meera Industries Ltd
2126, Road NO. 2
GIDC,
Sachin Surat - 394230
Phone: + 91-261-2399114
Email: cs@meeraind.com
Website: http://www.meeraind.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
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.
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 3000 Shares.
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.
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