Meera Industries IPO Review, Price, Issue Details, DRHP

Meera Industries IPO Review

Meera Industries Limited is engaged in manufacturing of textile machines such as winding, twisting, heat setting and cabling machines. The content includes Meera Industries IPO Review along with issue details, price, company summary.

Meera Industries Issue Details :

  • IPO Opens on – June 13, 2019
  • IPO Closes on – June 18, 2019
  • Face Value – Rs. 10 Per Equity Share.
  • Issue Price – Rs. 225 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – 500 Shares.
  • Minimum Order Quantity – 500 Shares.
  • Issue Size – 522,000 Eq Shares of Rs 10 (aggregating up to Rs 11.75 Cr).
  • Listing Exchange – BSE SME Exchange.
  • Draft Prospectus – Download

Objectives of the issue of the Company :

  • Fund expansion of manufacturing facilities at Sachin, Surat.
  • Fund expenditure for General Corporate Purposes.

About The Company –

  • Meera Industries Limited was incorporated in 2006.
  • This company’s high-performance machines are also designed, developed and sold by the company to other textile manufacturing and processing units.
  • Meera Industries Limited also provide a testing facility and assistance after sales to maintain a healthy relationship with customers.
  • This company has its own yarn twisting division which was started in the year 2017-18 to process and sell the yarn.
  • Meera Industries Limited also exports textile machinery products in South America, Europe, America, Africa, and Asia continents.
  • This company has a wholly owned subsidiary named Meera Industries USA LLC located in the State of Northern Carolina to supply products in Canada, the USA and other South American countries.
  • Meera Industries Limited manufacturing unit is located at Surat, Gujarat to produce heat-setting, winding, and yarn twisting machine An R&D Center approved by DSIR (Department of Scientific and and yarn twisting machine.
  • An R&D Center approved by DSIR (Department of Scientific and Industrial Research) is also located in this manufacturing unit.

Products of This Company :

  • Two for One Twister
  • Servo Controlled Cop Winder
  • Cone – Assembly Winder
  • Ring Twister
  • Covering Machine
  • TPRS Twister Machine
  • Heavy Duty Twister & Cabler Machine
  • Continuous Bulk and Heat Setting Machine
Meera Industries Limited


Meera Industries Limited

Contact Person :
Dharmesh Desai (Chairman And Managing Director)
Address : 2126, Road No. 2, GIDC
Sachin, Surat – 394230, Gujarat, India
Phone : 08046028305

The promoter of Meera Industries Limited :

  • Mr. Dharmesh V. Desai, aged 46 years, is the Promoter, Chairman and Managing Director of this Company.
  • Mrs. Bijal D. Desai, aged 43 years, is the Promoter and Wholetime Director of this Company.

The Board of Directors of this company :

  • Mr. Dharmesh V. Desai, aged 46 years, is the Promoter, Chairman & Managing Director of this Company.
  • Mrs. Bijal D. Desai, aged 43 years, is the Promoter and Wholetime Director of this Company.
  • Mr. Mayank Y. Desai, aged 46 years, is a Non Executive Director of this Company.
  • Hetal Mehta, aged 53 years is an Independent Director of this Company.
  • Mr. Sanjay N. Mehta, aged 68 years, is the Independent Director of this Company.

Competitive Strengths of Meera Industries Limited :

  • The main competitive strength is quality assurance of Meera Industries Limited.
  • One of strength of this company is their customer centric.
  • Qualified and experienced workforce and senior management of Meera Industries Limited.
  • Another strength of this company is cost effective production and timely fulfilment of orders.
  • Strategic Location of Manufacturing Unit of Meera Industries Limited.
  • One of the strength of this company is unique Balance Sheet situation of Zero Debt (excluding vehicle loans).
  • In-house R&D and product innovation of Meera Industries Limited.

Business strategies of this company :

  • Focus on R&D to develop complete systems to enhance the long-term prospects of this Company.
  • Expand their total Installed Production Capacity and Product Range of Meera Industries Limited.
  • One of the strategy of Meera Industries Limited is Competitive Pricing.
  • Operation Excellence of this company.

Company Financials :

Meera Industries FPO

Meera Industries FPO Review

The above details contain Company financials which include profit-loss statement throughout the years. It states that the company’s 2019 statement was quite good in comparison to the year. In the financial year of 2019, the company has gained 494.55 lakhs and in FY18 the profit level was 240.80 lakhs. Now, we will look at the fundamental details of the company, derived from the company DRHP (draft red herring prospectus). Basic and Diluted EPS (Earnings Per Share) was 11.50 (as per the outdated statement of FY19). We’ve found PE (price to earnings ratio) in their company prospectus. RoNW (Return on Net Worth) and NAV/ Share were at the level of 32.94% and 35.52 (consolidated data in FY19). Therefore based on our analysis, Meera Industries IPO Review carries a NEUTRAL view. Investors can subscribe to IPO but at a long term view.

Author: Ankita Sarkar

Ankita is a graduate in English language and she has also done her MBA from the Calcutta University. She has a high knack in the stock markets. She is a NISM certified Research Analyst. An experienced stock market content writer Ankita is also trading successfully on her own account.

0 0 votes
Article Rating
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x