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Mehai Technology IPO is a fixed price issue of ₹6.00 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹6.00 crore.
Mehai Technology IPO bidding started from Sep 25, 2017 and ended on Sep 28, 2017. The shares got listed on BSE SME on Oct 9, 2017.
Mehai Technology IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
SPA Capital Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Mehai Technology IPO RHP for detailed Information.
| IPO Date | September 25, 2017 to September 28, 2017 |
| Listing Date | October 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹6.00 Cr) |
| Reserved for Market Maker | 78,000 shares Guiness Securities Ltd. (aggregating up to ₹0.3120 Cr) |
| Net Offered to Public | 14,22,000 shares (aggregating up to ₹5.69 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 38,55,000 shares |
| Share Holding Post Issue | 53,55,000 shares |
Mehai Technology IPO offers total 15,00,000 shares. Out of which 7,11,000 (47.40%) allocated to NII, 7,11,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.20%) |
| NII (HNI) Shares Offered | 7,11,000 (47.40%) |
| Retail Shares Offered | 7,11,000 (47.40%) |
| Total Shares Offered | 15,00,000 (100.00%) |
Mehai Technology IPO opens on September 25, 2017, and closes on September 28, 2017.
| IPO Open Date | Mon, Sep 25, 2017 |
| IPO Close Date | Thu, Sep 28, 2017 |
| Tentative Listing Date | Mon, Oct 9, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 28, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2013, Mehai Technology Ltd is engaged into manufacturing of LED Bulbs, Fixtures, Moon Light Bulbs, Tubelights as well as assembling of Pen Drives and Power Banks.
They sell their products through a set of dealers / distributors who place their order and after receipt of order they cater to their markets. They majorly sell through online portals viz Flipkart, eBay, Amazon, Shopclues, PayTM etc.
They are in process of launching IC based LED bulbs, this will place their brand among reputed LED lighting manufacturers. They are also planning to manufacturing of Pen Drives in near term.
The Company Mehai Technology IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 4.68 |
| 2 | General Corporate Purposes | 0.90 |
| 3 | Issue Expenses | 0.42 |
[Dilip Davda] No harm in giving this highly priced issue a miss. Read detail review...
| Listing Date | October 9, 2017 |
| BSE Script Code | 540730 |
| NSE Symbol | |
| ISIN | INE062Y01012 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹35.10 |
| Low | ₹32.20 |
| High | ₹35.10 |
| Last Trade | ₹34.50 |
Mehai Technology Ltd.
64, Thatha Muthiappan Street,
2nd Floor,
Broadway,
Chennai, Tamil Nadu, 600001
Phone: 044-43165050
Email: mehai.technology@gmail.com
Website: http://www.mehaitech.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mehai Technology IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 25, 2017, and closes on September 28, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mehai Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Mehai Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mehai Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mehai Technology IPO opens on September 25, 2017 and closes on September 28, 2017.
Mehai Technology IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Mehai Technology IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mehai Technology IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mehai Technology IPO allotment status.
The Mehai Technology IPO listing date is on Monday, October 9, 2017.
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