IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size15,00,000 shares (aggregating up to ₹6.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 25 Sep 2017
Subscription CloseThu, 28 Sep 2017
Anchor AllotmentSun, 24 Sep 2017
Basis of AllotmentWed, 04 Oct 2017
Initiation of RefundsThu, 05 Oct 2017
Credit of Shares to DematThu, 05 Oct 2017
Listing DateMon, 09 Oct 2017
UPI Mandate Deadline2017-09-28
Application & Investment Details
Retail — Min (1 Lots)120000 — 3000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)240000 — 6000 shares
Net Offer to Public14,22,000 shares (aggregating up to ₹5.69 Cr)
Reserved for Market Maker78,000 shares (aggregating up to ₹0.3120 Cr)
Pre-IPO Promoter Holding38,55,000 shares
Post-IPO Promoter Holding53,55,000 shares
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 Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirements
4.68
2
General Corporate Purposes
0.90
Shareholding & Lock-in
Pre-IPO Promoter Holding
38,55,000 shares
Post-IPO Promoter Holding
53,55,000 shares