In this article, we will discuss in detail the Meera Industries IPO IPO dates, size, allotment status, Meera Industries IPO IPO subscription, grey market premium, and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 5,22,000 |
| Share Price | NA |
| Share Premium | NA |
| IPO Size | NA |
Summary – Meera Industries Limited
The Company is a growing textile machine manufacturer dealing in twisting, cabling, winding, and heat-setting machines. They design, develop and sell high-performance machines to various processing and manufacturing units in the textile industry.
They provide a combination of designing, manufacturing, testing facilities, and after-sales support that provides customer delight with the equipment offered by them.
The Promoters of this company are Mr. Dharmesh V. Desai and Mrs. Bijal D. Desai. The lead manager to the issue is Aryaman Financial Services Limited and the Registrar to this issue is Karvy Fintech Private Limited
Meera Industries IPO Review
They have consistently grown in terms of our revenues and profits over the past years. In the past three years, our standalone revenues have increased from M 1,349.02 lakhs in F. Y. 2016-2017 to M 2,156.63 lakhs in F. Y. 2017-18 and further to M 3,531.07 lakhs in F. Y. 2018-19, showing an increase of approximately 60% and 64%.
The Net Profit after tax for the above-mentioned periods is M 125.31 lakhs, M 255.12 lakhs, and M 451.80 lakhs, respectively, showing an increase of approximately 104% and 77%. Based on Consolidated Financial Statements, our revenue from operations for the F. Y. 2017-18 and 2018-19 was M 2,194.34 lakhs and M 3,641.34 lakhs respectively. And our Profit after Tax is recorded at M 240.80 lakhs and M 494.55 lakhs for above mentioned periods.
Between F. Y. 2016-17 and F. Y. 2018-19, our total standalone revenue grew at a CAGR of 37.81%, EBITDA grew at a CAGR of 51.65% and PAT grew at a CAGR of 53.34%.
Meera Industries IPO Date
The opening and closing date of Meera Industries IPO is not known yet.
Meera Industries IPO Subscription
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The shares subscribed by the public will be updated here.
Meera Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Meera Industries IPO Grey Market Premium
The Meera Industries IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Meera Industries IPO Price
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Meera Industries IPO Issue Size
Issue of 5,22,000 Equity Shares of the face value of Rs.10/- each.
Meera Industries – Company Overview
The Company was originally incorporated as Meera Industries Private Limited on July 05, 2006, with the Registrar of Companies, Gujarat Dadra and Nagar Haveli is a private limited company under the provisions of the Companies Act, 1956.
The Company is a growing textile machine manufacturer dealing in twisting, cabling, winding, and heat-setting machines. They design, develop and sell high-performance machines to various processing and manufacturing units in the textile industry. The huge repository of knowledge and technology base that our Company has developed since its inception is a strong base to outperform the competition and be abreast in the market.
This supports our Company in constantly upgrading the technologies to meet the present and futuristic requirements of our customers. They ensure the quality of our products through rigorous testing including testing of subsystems before integration and followed by testing of the entire system when assembled. They provide a combination of designing, manufacturing, testing facilities, and after-sales support that provides customer delight with the equipment offered by them.
The Company started its own yarn twisting division in Fiscal 2017-18, which includes processing and selling of yarn. Yarn Twisting includes uniting two or more doubled yarn ends to hold the constituent fibers together, thus giving enough strength to the yarn, and also producing a continuous length of yarn. Twisted Yarn processed by them serves medical, automotive and embroidery, etc.
Meera Industries – Company Financials
Based on Standalone statement:-
| Amount (in INR & lakhs) | ||
| 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 2,601.35 | 2,484.03 |
| Total Revenue | 1,919.35 | 1,653.94 |
| Total Expense | 1,716.68 | 1,461.61 |
| Profit After Tax | 141.82 | 135.13 |
Meera Industries IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel: +91 22 6216 6999 Fax No.: +91 22 2263 0434 Email: ipo@afsl.co.in Theybsite: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mr. Pranav Nagar / Mrs. Jyothi Shetty SEBI Registration No.: INM000011344 |
Meera Industries IPO Registrar to Offer
| Registrar to the Offer |
| KARVY FINTECH PRIVATE LIMITED Karvy Selenium, Tower-B, Plot No. 31 & 32, Gachibowli, Financial District Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No.: +91 40 6716 2222 Fax No.: +91 40 2343 1551 E-mail: einward.ris@karvy.com Investor Grievance E-mail: meeraindustries.fpo@karvy.com The site: https://karisma.karvy.com Contact Person: Mr. M. Murali Krishna SEBI Registration No.: INR000000221 |
Meera Industries IPO Conclusion
Meera Industries IPO News
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