Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
MEIR Commodities India Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on May 2, 2025.
MEIR Commodities India Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on NSE and BSE. Smart Horizon Capital Advisors Pvt.Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 3, 2025 |
| Offer document withdrawn | Fri, May 2, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
MEIR Commodities India Limited, established in 2018, is a leading company in global agricultural commodities trading.
The company focuses on sourcing, processing, trading, and distributing products like sugar, khandsari (unrefined sugar), and coriander. MEIR Commodities operates in regions like Asia, Europe, and Africa, using its expertise to improve supply chains worldwide.
In the six-month period ending September 30, 2024, the company sourced products from 63 suppliers. Over the past few years, they have worked with 72 suppliers in 2023, 49 in 2022, and 93 in 2021. More than 20 of these suppliers have been working with MEIR Commodities for over two years.
The company imports from seven countries, including South Africa, Russia, Tanzania, UAE, Canada, Netherlands, and Singapore.
As of January 31, 2025, MEIR Commodities has 24 employees.
The company has one operational manufacturing unit managed by its subsidiary, SSAIL. This facility is located in Village Todarpur, District Saharanpur, Uttar Pradesh, covering a land area of 58,72,681.88 Sq. ft.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 333.88 | 427.58 |
| Total Income | 559.09 | 921.54 |
| Profit After Tax | 2.27 | 7.87 |
| NET Worth | 104.42 | 82.98 |
| Total Borrowing | 129.08 | 123.29 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company. | 487.50 |
| 2 | General corporate purposes. |
| KPI | |
|---|---|
| ROE | 11.95% |
| ROCE | 8.18% |
| Debt/Equity | 1.60 |
| RoNW | 12.44% |
| PAT Margin | 0.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.6% |
Lead Manager Reports
MEIR Commodities IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The MEIR Commodities IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MEIR Commodities IPO using UPI as a payment gateway. Zerodha customers can apply in MEIR Commodities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MEIR Commodities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MEIR Commodities IPO dates are not announced. Please check back again after some time.
MEIR Commodities IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in MEIR Commodities 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 MEIR Commodities IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MEIR Commodities IPO allotment status.
The MEIR Commodities IPO listing date is not yet announced. The tentative date of listing is .
