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Mehai Technology Ltd IPO (Mehai Technology IPO) Detail

Sep 25, 2017 - Sep 28, 2017

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.

Company Promoters:

The promoters of the company are:

1. Mr.Sudhir Ostwal and
2. Ms. Shalini Jain

Objects of the Issue:

The objects of the Issue are:

1. To meet the working capital requirements of the Company;
2. General Corporate Purposes;
3. Issue Expenses.

Mehai Technology IPO Details

IPO Opening Date Sep 25, 2017
IPO Closing Date Sep 28, 2017
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹40 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Issue Size1,500,000 Eq Shares of ₹10
(aggregating up to ₹6.00 Cr)

Mehai Technology IPO Lot Size

The Mehai Technology IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹120,000
Maximum 1 3000 ₹120,000

Mehai Technology IPO Review

No harm in giving this highly priced issue a miss. Read detail review...

Mehai Technology IPO Subscription Status (Bidding Detail)

The Mehai Technology IPO is subscribed times on 9/28/2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Mehai Technology IPO Prospectus

Mehai Technology IPO Rating

21
2.6
Rating:Rated 2.6 stars
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Mehai Technology IPO Listing Date

Listing Date Monday, October 9, 2017
BSE Script Code 540730
NSE Symbol
Listing In M Group of Securities
ISIN INE062Y01012
IPO Price ₹40 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹35.10
₹32.20
₹35.10
₹34.50

Company Contact Information

Mehai Technology Ltd
64, Thatha Muthiappan Street,
2nd Floor, Broadway,
Chennai 600001
Phone: 044-43165050
Email: mehai.technology@gmail.com
Website: http://www.mehaitech.com

Mehai Technology IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Mehai Technology IPO Reviews / Ratings

Mehai Technology IPO FAQs

Mehai Technology IPO is a SME IPO of 1,500,000 equity shares of the face value of ₹10 aggregating up to ₹6.00 Crores. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 25, 2017, and closes on Sep 28, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Mehai Technology IPO opens on Sep 25, 2017 and closes on Sep 28, 2017.

Mehai Technology IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Mehai Technology IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.

Mehai Technology IPO Message Board

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3 Comments

3. Eagle Eye Networks |Oct 28, 2017 6:40:31 PM
This message has been removed by a moderator.
2. drimran |Sep 19, 2017 4:33:58 PM
avoid
1. drimran |Sep 19, 2017 4:33:33 PM
avoid