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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:


Particulars

31 March, 2019

31 March, 2018

31 March, 2017

Total Income

3,531.07

2,156.63

1,349.02

Total Expense

2,916.61

1,809.95

1,188.45

Profit After Tax

451.80

255.12

125.31

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

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