The Mehai Technology IPO date has been confirmed to have started on September 25, 2017 and ended on September 28, 2017.
Using an IPO, Mehai Technology is seeking to raise Rs 6.00 crore. Its price is ₹40 per share and the minimum lot size for an application is 3000 shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
September 25-28
Price Range
₹40 per share
Face Value
₹10 per share
GMP
₹22.19
Mehai Technology IPO GMP
The Mehai Technology Limited IPO GMP is ₹22.19.
IPO Overview
The Mehai Technology IPO has a fixed price of Rs 6.00 crore. Bidding for the Mehai Technology IPO began on September 25, 2017 and finished on September 28, 2017. On October 9, 2017, the shares were listed on the BSE SME. The IPO price for Mehai Technology is $40 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate.
They are in the midst of launching IC-based LED bulbs, which will elevate their name to the ranks of reputable LED lighting makers. They also want to manufacture pen drives in the near future.
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 Size | 1,500,000 shares (aggregating up to ₹6.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Mehai Technology IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Mehai Technology IPO Listing Details
| Listing Date | October 9, 2017 |
| BSE Script Code | 540730 |
| NSE Symbol | |
| ISIN | INE062Y01012 |
| Final Issue Price | ₹40 per share |
Company Profile
Mehai Technology Ltd was founded in 2013 and specialises in the production of LED bulbs, fixtures, moon light bulbs, tubelights, and the assembly of Pen Drives and Power Banks. They offer their products through a network of dealers and distributors who purchase orders and then cater to their markets. They mostly sell through online marketplaces such as Flipkart, eBay, Amazon, Shopclues, PayTM, and others.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Mehai Technology Ltd |
| Phone number | 044-43165050 |
| Email ID | mehai.technology@gmail.com |
| Website | mehaitech.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
