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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
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