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Mehai Technology Ltd IPO (Mehai Technology IPO) Detail

September 25, 2017 - September 28, 2017

Mehai Technology IPO is a fixed price issue of Rs 6.00 crores.

Mehai Technology IPO bidding started from September 25, 2017 and ended on September 28, 2017. The shares got listed on BSE SME on October 9, 2017.

Mehai Technology IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Spa Capital Advisors Ltd is the book running lead manager of the Mehai Technology IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Mehai Technology IPO RHP for detailed information.

Mehai Technology IPO Details

IPO Date September 25, 2017 to September 28, 2017
Listing Date October 9, 2017
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Total Issue Size1,500,000 shares
(aggregating up to ₹6.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Mehai Technology IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
Lot Size Calculator

About Mehai Technology Ltd

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.

Objects of the Issue (Mehai Technology IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 September 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)

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Mehai Technology IPO Prospectus

Mehai Technology IPO Rating

Rating:Rated 2.6 stars
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Mehai Technology IPO Listing Details

Listing Date October 9, 2017
BSE Script Code 540730
NSE Symbol
ISIN INE062Y01012
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Mehai Technology Ltd Contact Details

Mehai Technology Ltd
64, Thatha Muthiappan Street,
2nd Floor, Broadway,
Chennai � 600001
Phone: 044-43165050

Mehai Technology IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Mehai Technology IPO - Buy or Not

Mehai Technology IPO Recommendation Summary

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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 share. The minimum order quantity is 3000 Shares.

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.

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

Mehai Technology IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, 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 October 9, 2017.
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Mehai Technology IPO Message Board

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