Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Thu, Apr 27, 2017 - Thu, May 4, 2017
Meera Industries IPO is a fixed price issue of ₹3.89 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹3.89 crore.
Meera Industries IPO bidding started from Apr 27, 2017 and ended on May 4, 2017. The shares got listed on BSE SME on May 15, 2017.
Meera Industries IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Guiness Securities Ltd..
Refer to Meera Industries IPO RHP for detailed Information.
IPO Open
Thu, Apr 27, 2017
IPO Close
Thu, May 4, 2017
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹18.03 Cr
| IPO Date | 27 Apr to 4 May, 2017 |
| Listed on | Mon, May 15, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,80,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 60,000 shares Guiness Securities Ltd. (agg. up to ₹0.2160 Cr) |
| Fresh Issue (Ex Market Maker) | 10,20,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 10,20,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 39,27,500 shares |
| Share Holding Post Issue | 50,07,500 shares |
| BSE Script Code | 540519 |
| ISIN | INE343X01018 |
Meera Industries IPO comprises a total issue size of 10,80,000 shares. The net offer to the public is 10,20,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,10,000 (50.00%) allocated to NII 5,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,10,000 | 50.00% | 47.22% |
| Retail Shares Offered | 5,10,000 | 50.00% | 47.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.56% | |
| Total Shares Offered | 10,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To purchase additional plant and machineries for the existing manufacturing facility at Surat, Gujarat | 0.90 |
| 2 | Setting up of new manufacturing facility to manufacture yarn at Surat, Gujarat | 0.51 |
| 3 | Funding of working capital requirements of the Company | 1.28 |
| 4 | General Corporate Expenses | 0.90 |
| Total | 3.59 |
The Meera Industries IPO is subscribed [.] times on May 3, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of underwriting fees, brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc. and other out of pocket expenses | 0.25 |
| 2 | Regulatory and other fees | 0.02 |
| 3 | Other Expenses (printing, stationery expenses, postage etc.) | 0.03 |
| Total | 0.30 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹33.00 |
| High | ₹37.00 |
| Last Trade | ₹36.05 |
Lead Manager Reports
Meera Industries IPO is a SME IPO of 10,80,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Apr 27, 2017, and closes on Thu, May 4, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Meera Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Meera Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Meera Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Meera Industries IPO opens on Thu, Apr 27, 2017 and closes on Thu, May 4, 2017.
Meera Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Meera Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Meera Industries IPO listing date is on Mon, May 15, 2017.
