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Date:20-Apr-2024 Time: 3:12 PM |
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| Prospectus Synopsis |
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Meera Industries Ltd
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| Registered Office:
2126 Road No 2 GIDC
,
Sachin
,
Surat
-
394230
,
Gujarat
, India.
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Phone:91-261-2399114 Fax:91-261-2397269
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Email:
cs@meeraind.com
Website:
www.meeraind.com
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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.
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 13-Jun-19 |
18-Jun-19 |
Rs
225.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
500
Further Multiples of :
500
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Rs Cr |
Lead Managers to the Issue |
| Project Cost |
11.75 |
Aryaman Financial Services Ltd |
| Project Financed through Current Offer |
11.75 |
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| Post Issue Equity Share Capital |
4.45 |
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| Issue Price |
Rs.
225.00
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| Projects |
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Fund Expansion of the existing manufacturing facilities at sachin
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To Fund Expenditure for General Corporate Purposes
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