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 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


Meera Industries’ financial performance (in INR lakh)

 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

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]

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 
+91 40 2343 1551 
 [email protected]

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)


  1. 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.

  2. 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


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