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As on :May 29,2015 10 : 19 AM
IPO Synopsis
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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
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
Opens On Closes On
27-Apr-17 04-May-17
Money Payable On
Application Allotment
36.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 3.89 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer (Rs.Cr) 3.89  
Post Issue Equity Share Capital (Rs.Cr) 3.93
Issue Price (Rs) 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 Fintech Pvt Ltd