Meera Industries Limited FPO

Add to Calendar 2019-06-13 12:00 AM 2019-06-18 12:00 AM Asia/Kolkata Meera Industries Limited FPO Meera Industries Limited India

Company Info: Meera Industries Limited is engaged in manufacturing of textile machines such as winding, twisting, cabling machines and heat setting. The products of the company are sold under the brand name “ Meera”. The company exports the products to continents like America, South America, Africa, Europe and Asia. Meera Industries also cater to the domestic market. The manufacturing unit is located at Surat, Gujrat. An R&D centre approved by DSIR is also located in this manufacturing unit.

Date of incorporation: The company was incorporated in the year 2006

Promoters of the company: The promoters of the company are Dharmesh V. Desai and Bijal D. Desai

Object of the issue:

  1. Funding of Working capital requirements

  2. General corporate purpose

  3. Issue Expense

  4. To purchase additional plants and machineries for existing manufacturing facilities

  5. Setting up of new yarn division

Strengths of the company:

  1. Timely order execution

  2. Manufacturing unit at a prime location

  3. Cost effective products

  4. A balance sheet with zero debts

  5. In-house manufacturing and R&D unit

Company Financials:


31 March, 2019

31 March, 2018

31 March, 2017

Total Income




Total Expense




Profit After Tax




Issue Detail

  • Issue Open: Jun 13, 2019
  • Issue Close: Jun 18, 2019
  • Issue Type: Fixed Priced Issue
  • Face Value: Rs 10 per equity share
  • Price Band: -
  • Bid Lot:-
  • Minimum Order Quantity:500 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 11.75 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Day 0 - Jun 14, 2019IST 0.66x 0.00x 0.33x
Day 1 - Jun 17, 2019IST 0.75x 0.02x 0.38x

Listing Day Trading Information

Issue Price - -
Open - -
Low - -
High - -
Last Trade - -
Volume - -

Meera Industries Limited User Rating


Meera Industries Limited Life IPO Reviews

Meera Industries Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us