Meera Industries IPO
Meera Industries IPO is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. The company caters 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. The company is capable of manufacturing both standardized as well as customized products based on the customer’s specific requirement. Its products are sold under the brand name “MEERA”.
Meera Industries’ manufacturing unit is located at Surat, Gujarat and is spread over an area admeasuring around 7,882 square meters (approximately). The unit is well equipped with wide range of machineries and other handling equipment to facilitate smooth manufacturing process using globally adopted manufacturing SAP-ERP tool. It has in-house testing laboratory to test the products as per quality standards.
Promoters of Meera Industries – Dharmesh V. Desai and Bijal D. Desai
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Meera Industries IPO details |
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| Subscription Dates | 27 Apr – 4 May 2017 |
| IPO Price band | INR36 per share |
| Fresh issue | 1,080,000 shares (INR3.88 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,080,000 shares (INR3.88 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Meera Industries’ financial performance (in INR lakh) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 10M FY2017 | |
| Total revenue | 353.8 | 724.0 | 751.8 | 801.2 | 818.5 | 1,137.3 |
| Total expenses | 322.5 | 704.9 | 732.8 | 755.4 | 751.1 | 1,003.6 |
| Profit after tax | 20.2 | 6.3 | 15.9 | 23.0 | 49.5 | 95.8 |
| Day |
Subscription (no. of times) |
| Day 1 | 0.23 |
| Day 2 | 0.64 |
| Day 3 | 1.84 |
| Day 4 | 3.98 |
| Day 5 | 12.72 |
Meera Industries Limited
2126, Road No. 2, GIDC
Surat, Gujarat- 394 230,
Phone: +91 261 239 9114
Email: [email protected]
Website: www.meeraind.com
Earnings Per Share (EPS): INR1.78
Price/Earnings (P/E) ratio: 20.2
Return on Net Worth (RONW): 15.53%
Net Asset Value (NAV): INR28.72 per share
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.karvycomputershare.com
Meera Industries IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 27 April 2017
IPO Closing Date: 4 May 2017
Listing Date: 15 May 2017
Listing Price on BSE SME: INR36 per share (no change from IPO price)
Closing Price on BSE SME: INR36.05 per share (no change from IPO price)
apply as this ipo is reasonably priced
This is better than S Chand. Apply karne ka banta hai
meera industries ltd ipo kesa hai hum bid kar sakte hai
Is it worth to apply in Meets CV Industries IPOKindly advice
Is it worth to apply in Meets CV Industries IPOKindly advice
Decent IPO, am thinking of applying. Can someone help me where do I need to open share trading account to sell the SME shares? My broker Indiabulls doesn’t allow trade in SME shares.
ask zerodha
Try rksv, they are economical also
Upstox people says they dont do ipo
Not possible to apply in SME IPO through Upstox but they allow selling SME shares
I can apply normal ipo like non sme?
How’s this ipo any one suggest
I have already applied in focus infobean and I get 2 lac profit
Does anyone has any idea about expected listing price for this?
It will be of immense help if the Admin of this site puts the name of the registrar….especially for SMEs this is a key factor, Registrars reputation can seal the deal
I meant ***Lead Manager ***
Anyone knows the listing date information.