Meera Industries Ltd

About the Company:

Meera Industries Ltd is a growing textile machine manufacturer dealing in twisting, cabling, winding and heat setting machines.

Company designs, develops and sells high-performance machines to various processing and manufacturing units in the textile industry.

Company has started its own yarn twisting division in Fiscal 2017-18, which includes processing and selling of yarn.

Company caters to the domestic market having a customer base PAN India for textile machinery products as well as yarn twisting division.

Company has also developed an extensive export market for textile machinery products covering continents like America, South America, Africa, Europe and Asia and include major countries like Germany, Spain, Turkey, Thailand, Belgium, Italy, Kenya, Nigeria, South Africa, Peru, Bolivia and USA to name a few.



Company’s Manufacturing Facilities:

Company’s manufacturing unit is located at Surat, Gujarat and is spread over an area admeasuring around 7,882 square meters (approximately).

Company has established an in-house R&D Center recognized by the Department of Scientific and Industrial Research (DSIR), Government of India and the facility is located within the manufacturing unit.

Company’s R&D center is working on the on-going projects & new development with latest designing. Company’s manufacturing facilities are certified as per ISO 9001 for the Designing Manufacturing & Supply of Yarn Twisting & Winding Machines.


Revenue From Top 10 Customers:


Revenue from Exports:


Subsidiary Company:

In the year 2016, with a view to expand Meera Industries market in the western countries, Company incorporated Meera Industries USA LLC as their wholly owned subsidiary.

The subsidiary, situated in the State of Northern Carolina began its operations in 2017 and caters to their growing base of customers in the USA, Canada and various South American countries like Mexico, Ecuador, Peru, etc.


Management Team:

  1. Mr. Dharmesh V. Desai (Designation: Chairman & Managing Director)
  2. Mrs. Bijal D. Desai (Designation: Wholetime Director)


Objectives of the Issue:

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


Financials of the Company:

(in Crores) FY 17 FY 18 FY 19
Revenue 13.49 21.94 36.41
Net Profit 1.25 2.40 4.94


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Meera Industries Ltd 10 12.59 17.87 35.45% 35.52
Lakshmi Machine Works Ltd 10 192.98 28.65 12.28% 1,571.49
Lakshmi Automatic Loom Works Ltd 10 2.83 12.40 34.59% 8.19
Stovec Industries Limited 10 189.48 11.56 28.01% 676.26


IPO Details:

Details Info
Issue Opens on: 13th June 2019
Issue Closes on:. 18th June 2019
Issue Price Rs.225
Face Value Rs.10
Minimum Lot 500 Shares
Minimum Investment Rs.1,12,500
Issue Constitutes 11.73%
Issue Size Rs.11.74 cr
Market Cap Rs.100.11 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 5,22,000
Equity Shares Prior to the Issue 39,27,500
Equity Shares after the issue 44,49,500


Important Dates:

Finalization of Basis of Allotment on or Before 21st June 2019
Initiation of Refunds on or Before 24th June 2019
Credit of Equity Shares: on or Before 25th June 2019
Listing Date: on or Before 26th June 2019


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
12.59 17.87 35.45% 35.52


Check IPO Allotment Status:

Karvy Website (Click on the below Link)


Company Contact Info:
Meera Industries Ltd
2126, Road No. 2 GIDC, Sachin,
Surat – 394230, Gujarat
Tel: + 91 261 2399114
Fax: +91 261 2397269


IPO Registrar Info:
Karvy Selenium, Tower-B, Plot No. 31 & 32, Gachibowli, Financial District
Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana
Tel No.: +91 40 6716 2222
Fax No.: +91 40 2343 1551
Investor Grievance E-mail:


Lead Manager to the Issue:
60, Khatau Building, Ground Floor
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel: +91 22 6216 6999
Fax No.: +91 22 2263 0434