IPO Synopsis
Home >> IPO >> IPO Synopsis
Meera Industries Ltd
Registered Office:
2126 Road No 2 GIDC,Sachin,
Surat - 394230,
Gujarat, India.
Website :  www.meeraind.com
Public issue of 10,80,000 equity shares of face value of (Rs) 10.00 each of Meera Industries Limited ("The company" or "The issuer") for cash at a price of (Rs) 36.00 per equity share (including a share premium of (Rs) 26.00 per equity share) ("Issue price") aggregating to (Rs) 3.89 crores ("The Issue"). of the issue, 60,000 equity shares aggregating to (Rs) 0.22 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 10,20,000 equity shares of face value of (Rs) 10.00 each at an issue price of (Rs) 36.00 per equity share aggregating to (Rs) 3.67 crores is hereinafter referred to as the "Net issue". The issue and the net issue will constitute 27.50% and 25.97%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is (Rs) 10.00 each and the issue price of (Rs) 36.00 is 3.60 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Apr-17
04-May-17
36.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
3.89
Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer
3.89
 
Post Issue Equity Share Capital
3.93
 
Issue Price
36.00
 
Projects
To purchase additional plant & machineries
Setting up of new manufacturing facility(Yarn Div.
Funding of working capital requirements
General corporate purpose
Promoted By
Dharmesh V Desai
Bijal D Desai
Listing At
BSE - SME
Registrar to the Issue
Karvy Computershare Pvt Ltd
Adani Ports & Special Economic Zone Ltd     366.65   Down   -3.75 (-1.01%)   Asian Paints Ltd     1,388.35   Up   20.55 (1.50%)   Axis Bank Ltd     521.60   Down   -1.40 (-0.27%)   Bajaj Auto Ltd     3,109.00   Down   -29.65 (-0.94%)   Bajaj Finance Ltd     2,486.20   Up   17.60 (0.71%)   Bajaj Finserv Ltd     6,276.70   Down   -47.75 (-0.76%)   Bharat Petroleum Corporation Ltd     382.70   Down   -3.95 (-1.02%)   Bharti Airtel Ltd     359.10   Up   0.15 (0.04%)   Bharti Infratel Ltd     301.25   Down   -1.45 (-0.48%)   Cipla Ltd     629.25   Up   2.55 (0.41%)   Coal India Ltd     266.10   Down   -1.70 (-0.63%)   Dr Reddys Laboratories Ltd     2,132.65   Down   -187.20 (-8.07%)   Eicher Motors Ltd     27,700.00   Up   170.85 (0.62%)   GAIL (India) Ltd     354.20   Down   -2.65 (-0.74%)   Grasim Industries Ltd     922.00   Down   -13.35 (-1.43%)   HCL Technologies Ltd     988.95   Up   5.60 (0.57%)   HDFC Bank Ltd     2,182.45   Up   1.55 (0.07%)   Hero Honda Motors Ltd     3,426.20   Down   -29.70 (-0.86%)   Hindalco Industries Ltd     219.15   Up   0.40 (0.18%)   Hindustan Petroleum Corporation Ltd     266.20   Down   -4.00 (-1.48%)   Hindustan Unilever Ltd     1,765.05   Up   22.40 (1.29%)   Housing Development Finance Corporation Ltd     1,985.55   Up   13.05 (0.66%)   ICICI Bank Ltd     260.00   Down   -7.75 (-2.89%)   Indiabulls Housing Finance Ltd     1,127.25   Up   0.80 (0.07%)   Indian Oil Corporation Ltd     157.85   Down   -1.25 (-0.79%)   IndusInd Bank Ltd     1,935.00   Up   11.25 (0.58%)   Infosys Technologies Ltd     1,345.85   Up   28.45 (2.16%)   ITC Ltd     270.80   Up   0.40 (0.15%)   Kotak Mahindra Bank Ltd     1,403.20   Down   -1.15 (-0.08%)   Larsen & Toubro Ltd     1,286.85   Down   -11.55 (-0.89%)   Lupin Ltd     845.00   Down   -20.60 (-2.38%)   Mahindra & Mahindra Ltd     900.80   Down   -5.90 (-0.65%)   Maruti Suzuki India Ltd     9,418.70   Down   -12.35 (-0.13%)   NIFTY (S&P CNX)     10,994.20   Down   -24.70 (-0.22%)   NTPC Ltd     153.70   Up   0.75 (0.49%)   Oil & Natural Gas Corpn Ltd     154.75   Up   0.65 (0.42%)   Power Grid Corporation of India Ltd     180.80   Down   -0.95 (-0.52%)   Reliance Industries Ltd     1,083.80   Down   -16.00 (-1.45%)   State Bank of India     254.00   Down   -3.75 (-1.45%)   Sun Pharmaceuticals Industries Ltd     545.15   Down   -14.60 (-2.61%)   Tata Consultancy Services Ltd     1,989.85   Up   8.75 (0.44%)   Tata Motors Ltd     258.55   Down   -5.05 (-1.92%)   Tata Steel Ltd     554.35   Down   -4.25 (-0.76%)   Tech Mahindra Ltd     651.65   Up   10.60 (1.65%)   Titan Company Ltd     831.60   Down   -7.10 (-0.85%)   UltraTech Cement Ltd     3,932.05   Down   -31.70 (-0.80%)   UPL Ltd     559.25   Down   -3.30 (-0.59%)   Vedanta Ltd     210.90   Up   0.45 (0.21%)   Wipro Ltd     285.55   Up   4.70 (1.67%)   Yes Bank Ltd     373.05   Down   -2.95 (-0.78%)   Zee Entertainment Enterprises Ltd     511.40   Up   2.70 (0.53%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com