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Open
27 Apr to 4 May, 2017
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Close
27 Apr to 4 May, 2017
3
Allotment
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Listing
Mon, May 15, 2017
Price Band
₹36 per share
Issue Size
10,80,000 shares (agg. up to ₹4 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, May 15, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 9.10x |
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 |
|---|---|---|---|---|---|---|---|
| Crown Lifters Ltd. | SME | ₹6.68 Cr | ₹121 | null | ₹109.00 | -9.92% | ₹114.38 (-5.48%) |
| HPL Electric & Power Ltd. | Mainboard | ₹361.00 Cr | ₹202 | null | ₹189.30 | -6.29% | ₹333.50 (-1.18%) |
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 |
| Total | 3.59 |
About Meera Industries IPO
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.+ Read More
Contact Details
Meera Industries Ltd. Address2126, Road NO.2GIDCSachin SuratSachin, Gujarat, 394230+ 91-261-2399114cs@meeraind.comVisit Website