Market & News

graph-market IPO

Meera Industries Ltd

Registered Office: 2126 Road No 2 GIDC,Sachin, Surat - 394230, Gujarat, India.
Phone : 91-261-2399114   Fax:91-261-2397269
Email :  info@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-19 18-Jun-19 225.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 500   Further Multiples of : 500
  Rs 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

Karvy Fintech Pvt Ltd

x