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Open
13 Jun 2019
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Close
18 Jun 2019
3
Allotment
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Listing
Wed, Jun 26, 2019
Price Band
₹225 per share
Issue Size
5,22,000 shares (agg. up to ₹12 Cr)
Lot Size
500 Shares
Listing Date
Wed, Jun 26, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.05x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2017 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 8.15 | 6.07 | 4.95 | 4.49 |
| Total Income | 11.37 | 8.18 | 8.01 | 7.52 |
| Profit After Tax | 0.96 | 0.49 | 0.23 | 0.16 |
| NET Worth | 4.14 | 3.18 | 2.69 | 2.46 |
| Reserves and Surplus | 1.37 | 2.08 | 1.58 | 1.35 |
| Total Borrowing | 0.01 | 0.08 | 0.11 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Marine Electricals (India) Ltd. | SME | ₹42.87 Cr | ₹66 | null | ₹66.60 | +0.91% | ₹249.75 (-1.44%) |
| Spectrum Electrical Industries Ltd. | SME | ₹25.87 Cr | ₹65 | null | ₹65.50 | +0.77% | ₹1,959.30 (-0.74%) |
| Marshall Machines Ltd. | SME | ₹16.25 Cr | ₹42 | null | ₹39.30 | -6.43% | ₹13.89 (-1.14%) |
| Aaron Industries Ltd. | SME | ₹4.78 Cr | ₹38 | null | ₹38.70 | +1.84% | ₹117.74 (+0.40%) |
Objects of the Issue
| # | 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 |
| 5 | Issue Expenses | 0.30 |
About Meera Industries FPO
Incorporated in 2006, Meera Industries Limited is engaged in manufacturing of textile machines such as winding, twisting, heat setting and cabling machines. In addition, the high-performance machines are also designed, developed and sold by the company to other textile manufacturing and processing units. They also provide a testing facility and assistance after sales to maintain a healthy relationship with customers. The company has its own yarn twisting division which was started in the year 2017-18 to process and sell the yarn. It also exports textile machinery products in South America, Europe, America, Africa, and Asia continents. It has a wholly owned subsidiary named Meera Industries USA LLC located in the State of Northern Carolina to supply products in Canada, the USA and other South American countries. Meera Industries' manufacturing unit is located at Surat, Gujarat to produce heat-setting, winding, and yarn twisting machine. An R&D Center approved by DSIR (Department of Scientific and Industrial Research) is also located in this manufacturing unit. The competitive strengths of the company are:1. Cost effective products 2. Timely order execution3. Manufacturing unit at a
Contact Details
Meera Industries Ltd. Address2126, Road No.2GIDCSachinSurat, Gujarat, 394230+ 91 261 2399114info@meeraind.comVisit Website