Business Standard

Meera Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

11.75 cr

Price Range (₹)

225

Lot Size

500

Min Investment (₹)

1,12,500.00

Listing Exchange

BSE - SME

Open Date

13-Jun-2019

Close Date

18-Jun-2019

Listing Date

26-Jun-2019

Meera Industries Ltd News

    The Shares of Meera Industries Ltd have now been listed.

    Meera Industries Ltd IPO Details

    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.

    Objective of issue

    Fund Expansion of the existing manufacturing facilities at sachin. To Fund Expenditure for General Corporate Purposes.

    Meera Industries Ltd Contact Details

    Meera Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@meeraind.com

    Website - www.meeraind.com