Meera Industries Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
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Premium (ELP)
The Initial Public Offering of Meera Industries Limited's culminated in its successful listing on Jun 26, 2019 at the BSE trading platform. The company secured 5,22,000 Shares through this capital market exercise, withTBD allocated to new capital formation.
Investors participated within the price parameters of ₹225 to ₹225, with minimum investment requirements of 500 shares. The subscription period from Jun 13, 2019 to Jun 18, 2019 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jun 24, 2019. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Meera Industries Limited, established in 2006, specializes in manufacturing textile machinery, including winding, twisting, heat-setting, and cabling machines, and also designs and develops high-performance machines for textile processing units. To strengthen customer relationships, the company provides testing facilities and after-sales support. In 2017-18, it launched a yarn twisting division to process and sell yarn. Meera Industries exports its machinery to South America, Europe, America, Africa, and Asia, and operates a wholly owned subsidiary, Meera Industries USA LLC, in North Carolina, serving Canada, the USA, and South America. Its Surat, Gujarat manufacturing unit produces textile machines and houses a DSIR-approved R&D center for product innovation and development.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Affordable Products: Offers cost-effective solutions.
- Timely Delivery: Ensures on-time order fulfillment.
- Strategic Manufacturing Location: Facility situated in a prime area.
- Debt-Free Balance Sheet: Maintains a strong financial position.
- In-House Manufacturing & R&D: Equipped with internal production and research capabilities.
NA
- Mr. Dharmesh V. Desai
- Mrs. Bijal D. Desai
Meera Industries Limited
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