MEIR Commodities India Ltd. IPO Details
MEIR Commodities India Ltd. was incorporated on May 11, 2018. The company trades B2B agriculture-based commodities, primarily sugar, khandsari, and allied products, acting as an intermediary between producers like sugar mills and distributors. Its diverse portfolio includes rice, pulses, spices, and other agricultural products
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 8.8 M | - | - | ₹0 | DRHP DOC |
MEIR Commodities issue details
MEIR Commodities has 8.8 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
MEIR Commodities IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
MEIR Commodities NUMBER OF SHARES ON OFFER
MEIR Commodities FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 22.7 | 5,416.4 | -218.4 | -224.9 | 2.8% |
| FY24 | 78.7 | 9,106.5 | -16.4 | -318.2 | 2.6% |
| FY23 | 247.6 | 15,789.8 | -85.4 | -100.5 | 2.3% |
| FY22 | 155.2 | 9,982.0 | 223.5 | 181.9 | 2.3% |
| Note: FY22 & FY23 financials are on a standalone basis. | |||||
MEIR Commodities INFORMATION ON IPO ISSUE
About MEIR Commodities
MEIR Commodities India Ltd. was incorporated on May 11, 2018. The company trades B2B agriculture-based commodities, primarily sugar, khandsari, and allied products, acting as an intermediary between producers like sugar mills and distributors. Its diverse portfolio includes rice, pulses, spices, and other agricultural products
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
MEIR Commodities - PROMOTERS
| Name |
|---|
| Rahil Irfan Iqbal Shaikh |
MEIR Commodities Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
meir.ipo@shcapl.com
MEIR Commodities Registrar to the Offer
Kfin Technologies Limited
meir.ipo@kfintech.com
MEIR Commodities Strengths
Efficient supply chain
The company has built an efficient supply chain infrastructure, fostering strong relationships with sugar mills, agricultural producers, and logistics partners. Direct engagement with producers ensures a steady supply of high-quality products, reduces reliance on intermediaries, and enables seamless distribution across domestic and international markets
Quality
The company ensures a consistent supply of high-quality agricultural commodities through strong relationships with sugar mills and producers. Its efficient system, covering sourcing, logistics, warehousing, and delivery, enables uninterrupted service and strict quality control from procurement to final delivery, even during market fluctuations
Client relationship
The company prioritizes understanding client requirements and delivering tailored solutions. By efficiently procuring and supplying commodities to distributors, it fosters repeat business and strengthens its presence in domestic and global markets
MEIR Commodities Risks
Industry risks
The company generates most of its revenue from trading sugar, khandsari, and allied products, making it vulnerable to industry risks such as seasonality, regional concentration, high production costs, government regulations, price volatility, surplus production, and labor dependence
Dependent on sugar mills
The company's operations rely on the timely and sufficient procurement of sugar from mills. Challenges like fluctuating sugarcane yields, mill finances, and operational efficiency can disrupt the supply chain and impact business
Regulatory risks
The company's trading operations in agricultural commodities, including sugar, are regulated under the Essential Commodities Act, 1955, which allows the Government of India to control production, supply, distribution, and trade
IPO FAQs
The promoter of the company is Rahil Irfan Iqbal Shaikh.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.