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MEERASME / BSEListed

Meera Industries Limited

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.

₹225 - ₹225Open
Listed Price36.00
Listing Gain-84.00%
TimelineFixed Price IPO
Open13 Jun 2019
Close18 Jun 2019
Allotment24 Jun 2019
Listing26 Jun 2019

Quota Reservation Portions

Market MakerPortion: 30,000 shares
5.75%

Minimum Application Bracket Matrix

Retail1 lots / 500 shares
₹1,12,500
HNI2 lots / 1,000 shares
₹2,25,000

About the Company

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.

Company Promoters

Mr. Dharmesh V. Desai Mrs. Bijal D. Desai