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IPO

IPO Details


Meera Industries Ltd
Registered Office: 2126 Road No 2 GIDC, Sachin, Surat - 394230, Gujarat
Phone: 91-261-2399114
Email: cs@meeraind.com
Website: www.meeraind.com
Further Public Issue of 5,22,000 equity shares of Rs. 10 each ("equity shares") of Meera Industries Limited ("mil" or the "company") for cash at a price of Rs. 225 per share (including a share premium of Rs. 215 per equity share) (the "issue price"), aggregating to Rs. 11.75 Crores ("the issue"), of which 30,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 4,92,000 equity shares of Rs.10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 11.73% and 11.06%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs.10 each. The issue price is 22.50 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
13-Jun-2019 18-Jun-2019 ₹ 225.00 ₹ 0.00
Minimum Application for shares in Nos : 500.0 Further Multiples of : 500.0
(₹)Cr. Lead Managers to the Issue
Project Cost 11.75 Aryaman Financial Services Ltd
Project Financed through Current Offer 11.75
Post Issue Equity Share Capital 4.45
Issue Price ₹225.00
Projects
Fund Expansion of the existing manufacturing facilities at sachin
To Fund Expenditure for General Corporate Purposes
Promoted By
Dharmesh V Desai
Bijal D Desai
Listing At
BSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

83,755.87 1,000.36 (1.21%)

Nifty

25,549.00 304.25 (1.21%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,325.41 -149.27(-0.61%)