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21 November 2019

IPO Synopsis

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 (Rs)225.00-0.00 (Rs)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 (Rs)225.00  
 
Projects
Fund Expansion of the existing manufacturing facilities at sachinTo 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 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS