IPO Trending
MEERASME / BSEListed
Meera Industries

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.

DRHP
₹225 - ₹225Open
Listed Price₹36.00
Listing Gain-84.00%

IPO Schedule & Timeline

Fixed Price IPO
Open13 Jun 2019
Close18 Jun 2019
Allotment24 Jun 2019
Listing26 Jun 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker30,000 shares
5.75%

Minimum Application Lots

Retail1 Lot (500 shares)
₹1,12,500
HNI2 Lots (1,000 shares)
₹2,25,000

Company Promoters

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

Company Background

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,...

Lead Managers & Bankers

Aryaman Financial Services Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-19)₹3558.41 Cr
Growth+65.5%
Revenue Trend (₹ in Crores)
0.01.4k2.7k4.1kMar-18Dec-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-193,558.41494.552,166.420
Mar-182,149.66240.801,468.140

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
24 Jun 2019
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
26 Jun 2019

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Meera Industries. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization24 Jun 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date26 Jun 2019Trading commences on exchange

How to Check Meera Industries Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Meera Industries from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Meera Industries IPO

Complete issue overview for Meera Industries (MEERA) IPO. The issue features an equity share price band of ₹225 per share with a minimum retail lot size of 500 Shares (minimum application amount of ₹1,12,500). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions