Meera Industries Ltd - IPO

Meera Industries Ltd IPO Details

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.

Objective of issue

Fund Expansion of the existing manufacturing facilities at sachin. To Fund Expenditure for General Corporate Purposes.

Meera Industries Ltd Contact Details

Meera Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@meeraind.com

Website - www.meeraind.com