Meera Industries Ltd IPO


IPO Subscription Details

  • Open Date 13 Jun
  • Close Date 18 Jun
  • Lot Size 500
  • IPO Size ₹ 11.75 Cr
  • IPO Price Range ₹ 225
  • Min Investment ₹ 112500

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Meera Industries Ltd IPO

Contact Information

2126 Road No 2 GIDC,
Surat, Gujarat 394230

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