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Meera Industries Ltd IPO (MIL IPO) Details

Meera Industries Ltd IPO (MIL IPO) Details:

Meera Industries, an ISO 9001 company, is engaged in business of textile twisting technology & machinery. The company has overseas presence in more than 18 countries in continents of USA, South Africa, Europe, Africa & Asia.

They have bagged many R&D, export awards & accreditation for all our efforts in developing breakthrough technologies: delivering superior quality & environment friendly textile machinery, hence contributing to energy & process optimization.

Objects of the Issue:

The objects of the Issue Proceeds (as defined below) of the Issue are:

  1. To purchase additional plant and machineries for the existing manufacturing facility at Surat, Gujarat.
  2. Setting up of new manufacturing facility to manufacture yarn at Surat, Gujarat.
  3. Funding of working capital requirements of the Company.
  4. General Corporate Expenses.
  5. Issue Expenses.
Meera Industries Ltd IPO (MIL IPO) Details:
  1. Issue Open: April 27, 2017 – May 04, 2017
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 1,080,000 Equity Shares of Rs 10 aggregating up to Rs 3.89 Cr
  5. Issue Price: Rs 36 Per Equity Share
  6. Market Lot:  3000 Shares
  7. Minimum Order Quantity: 3000 Shares
  8. Listing At: BSE SME

Book Running Lead Manager:

GUINESS CORPORATE ADVISORS PRIVATE LIMITED

18 Deshapriya Park Road,

Kolkata – 700 026, West Bengal, India

Tel: +91- 33 – 3001 5555 Fax: +91 – 33 – 3001 5531

Email: gcapl@guinessgroup.net

REGISTRAR TO THE ISSUE:

KARVY COMPUTERSHARE PRIVATE LIMITED

Karvy Selenium Tower B, Plot 31-32,

Gachibowli Financial District, Nanakramguda,

Hyderabad – 500 032,

Tel. No.: +91 40-67162222 Fax No.: +91 40-23431551

E-mail: einward.ris@karvy.com

Investor grievance email: meeraindustries.ipo@karvy.com

Red Herring Prospectus (RHP) Of Meera Industries Ltd IPO (MIL IPO):

Meera Industries IPO (MIL IPO) Prospectus

Market Update:

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Now Avenue Supermarts (Dmart) IPO Allotment and Listing also completed. And people made an awesome 100% profit on listing.

Now CL Educate (CLEL) IPO Allotment and Listing has completed. While now Shankara Building Products IPO Allotment and Listing also completed and it gave good 37.57% premium on first day itself. Now S Chand and Company Ltd IPO will open for bidding from April 26, 2017 – April 28, 2017. Next IPO can be Housing and Urban Development Corporation Ltd IPO (HUDCO) where its bidding is expected to start from May 02, 2017.

S Chand IPO Grey Market Premium (S Chand GMP) started showing movement and currently trading at Rs 182 – Rs 184 per equity share. While HUDCO Grey Market Premium (GMP) also started showing movement and currently trading at Rs 29.25 – Rs 29.75 per equity share.

Next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO)  and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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