MEIR Commodities India Limited IPO is fully book build issue and it includes both fresh issue and offer for sale. The share offering is a fresh issue of 0.52 crore shares and offer for sale of 0.35 crore shares.
The dates for the MEIR Commodities India IPO have not been announced yet.
The allotment process is expected to be finalized by [.]. The MEIR Commodities India IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].
The price band for the MEIR Commodities India IPO has not been announced yet.
Registrar for this IPO is KFin Technologies Limited and lead managers for MEIR Commodities India IPO are Smart Horizon Capital Advisors Private Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | 8,823,530 Shares |
| Fresh Issue | 5,294,118 Shares |
| OFS Issue | 3,529,412 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About MEIR Commodities India Limited Company
MEIR Commodities India Limited is a prominent player in the B2B agriculture commodity trading sector, focusing on sugar, khandsari, and allied products. Incorporated in 2018, the company operates as an intermediary, connecting producers with distributors in both domestic and international markets.
The company's export of Agri & allied products reached INR 26,938 billion in FY 2024. While India's annual imports reached INR 23,995 Bn in FY 2024. MEIR has established a global presence, exporting to over fifteen countries and importing pulses and spices to meet customer demand.
MEIR Commodities has expanded through strategic acquisitions, including SIR Agro Trading Co. L.L.C. in Dubai, SIR Agro Lanka (Pvt .) Ltd and stakes in Shivaji Cane Processors Limited and Shakumbari Sugar and Allied Industries Limited, enhancing its sourcing capabilities and market reach. The company emphasizes quality assurance and traceability, adhering to global standards to ensure product reliability. MEIR's vision includes strengthening its domestic and global presence, integrating manufacturing capabilities, and diversifying its product offerings, positioning itself as an integrated player in the agricultural commodity trading and sugar manufacturing industry.
MEIR Commodities India Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3338.79 | 4275.79 | 1960.14 | 1576.46 |
| Revenue | 5416.37 | 9106.55 | 15789.77 | 9982.01 |
| Profit After Tax | 22.70 | 78.69 | 247.60 | 155.15 |
| Net Worth | 1044.16 | 829.84 | 487.66 | 240.18 |
| Reserves and Surplus | 755.83 | 566.55 | 287.66 | 160.18 |
| Total Borrowing | 1284.67 | 1231.16 | 136.45 | 86.20 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 3.44 | 12.44 | 27.66 | 1.60 | 11.95% | 8.18% |
Offer Objectives
The Offer comprises a Fresh Issue of 52,94,118 Equity Shares and an Offer for Sale of up to 35,29,412 Equity Shares by the Selling Shareholder. The Net Proceeds from the Fresh Issue will be utilized for funding working capital requirements and for general corporate purposes, not exceeding 25% of the Gross Proceeds.
The company plans to utilize ₹48.75 million (₹4.875 crore) from the Net Proceeds to fund the working capital requirements in Fiscal Year 2026. The company's business involves domestic and export trading of B2B agriculture-based commodities, mainly sugar, khandsari, and allied products, making its working capital cycle susceptible to seasonal production and government policies. The sugar production heavily relies on the sugarcane harvesting period, leading to a seasonal gap in supply, and creating a need for efficient stock management.
Government policies regarding sugar exports and domestic demand also impact the company's revenue and product mix. The net proceeds for General corporate purposes will be finalized upon determination of the Offer Price and updated in the Prospectus prior to filing with RoC.
The fund requirements are based on management estimates and have not been appraised by any bank or financial institution.
Company Details
Address:
1108, The Corporate Park Premises Co -Op Society,
Plot No. 14-15, Sector 18, Vashi,
Navi Mumbai, Thane 400703, Maharashtra, India
Phone: +022 2087 6023
Email: [email protected]
Website: http://www.meirindia.com
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 1800 309 4001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Smart Horizon Capital Advisors Private Limited
