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Meera Industries FPO Subscription Details (Live Status)

Meera Industries FPO Details

IPO Open Jun 13, 2019
IPO Close Jun 18, 2019
IPO Price ₹225
Face Value ₹10
IPO Size ₹11.75 Cr
Listing At BSE SME
Lot Size 500
Open an Instant Account with Zerodha

Meera Industries FPO Subscription Status Live

Meera Industries FPO subscribed 1.16 times. The public issue subscribed 0.33 times in the retail category, [.] times in QIB, and 1.99 times in the NII category by Jun 18, 2019.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers1.99
Retail Investors0.33
Employees[.]
Others[.]
Total1.16

Meera Industries FPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Jun 13, 2019
0.660.000.33
Day 2
Jun 14, 2019
0.750.020.38
Day 3
Jun 17, 2019
1.200.100.65
Day 4
Jun 18, 2019
1.990.331.16

Meera Industries FPO Shares Offered

Meera Industries FPO is a public issue of 492,000 equity shares. The issue offers 246,000 shares to retail investors, 0 shares to qualified institutional buyers, and 246,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
NII246,0000.0050.00%
Retail246,0000.0050.00%
Total492,0000.00100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Meera Industries FPO Subscription FAQs

The Meera Industries FPO is subscribed 1.16 by Jun 18, 2019.

Meera Industries FPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional1.99
Retail Individual0.33
Employee Reservations[.]
Others[.]
Total Subscription1.16

Retail category of Meera Industries FPO subscribed 0.33 times as of date Jun 18, 2019. The public issue closes on Jun 18, 2019 for bidding.

An investor can apply in Meera Industries FPO online via bank (using ASBA) or the broker (using UPI). The Meera Industries FPO shares are offered online only.

The Meera Industries FPO is subscribed 1.16 by Jun 18, 2019.

The Meera Industries FPO allotment status is expected on or around Jun 21, 2019. Visit Meera Industries FPO allotment status to check.

The Meera Industries FPO listing date is Wednesday, June 26, 2019. The equity share of Meera Industries Limited will list on BSE SME.

Visit Meera Industries FPO subscription status page for real-time bidding information about Meera Industries FPO.

Meera Industries FPO Timetable

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