Meera Industries IPO

Meera Industries IPO

Meera Industries IPO

 

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

Meera Industries IPO details

Subscription Dates27 Apr - 4 May 2017
IPO Price bandINR36 per share
Fresh issue 1,080,000 shares (INR3.88 crore)
Offer for sale Nil
Total IPO size1,080,000 shares (INR3.88 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

 

Meera Industries' financial performance (in INR lakh)

 FY2012FY2013FY2014FY2015FY201610M FY2017
Total revenue353.8724.0751.8801.2818.51,137.3
Total expenses322.5704.9732.8755.4751.11,003.6
Profit after tax20.26.315.923.049.595.8

Meera Industries IPO Subscription Details

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 Contact Details

Meera Industries Limited
2126, Road No. 2, GIDC
Surat, Gujarat- 394 230,

Phone: +91 261 239 9114
Email: cs@meeraind.com
Website: www.meeraind.com

Meera Industries Valuation (latest FY)

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

Registrar of Meera Industries IPO

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:
 meeraindustries.ipo@karvy.com
Website: www.karvycomputershare.com

Meera Industries IPO Allotment Status

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.

LISTING PERFORMANCE OF Meera Industries IPO

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)

16 COMMENTS

  1. 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

  2. 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.

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