
Consumer Discretionary · BSE
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.
Price Band
₹225
Issue Size
₹11.75 Cr
Lot Size
500 shares
GMP
Est. Listing
₹225
at current GMP
Subscribed
—
Open
13 Jun 2019
Close
18 Jun 2019
Allotment
24 Jun 2019
Refund
25 Jun 2019
Demat Credit
26 Jun 2019
Listing
26 Jun 2019
Designated Registrar: Kfin Technologies Limited
Allotment Date
24 Jun 2019
Basis finalization
Refunds Initiate
25 Jun 2019
Mandate release
Demat Credit
26 Jun 2019
Shares in demat
Listing Debut
26 Jun 2019
Trading begins
Meera Industries Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹11.75 Crores. The shares are offered at a price band of ₹225 to ₹225 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-06-18, the basis of allotment is scheduled to be finalized on 2019-06-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.