Mehai Technology Rights Issue dates 26 September – 17 October 2025.
Mehai Technology is a diversified Indian company engaged primarily in the trading of electronic items and IT services, with rapid expansion into infrastructure and allied sectors since its inception in 2013. The company operates through two main business segments: electronics (including products such as refrigerators, air conditioners, coolers, televisions, laptops, washing machines, and mobile phones) and trading activities, serving a broad retail and enterprise base in Eastern India.
Mehai also offers comprehensive IT and Business Services, covering digital transformation, cybersecurity, consulting, and process operations for large enterprises. As of FY 2025, Mehai Technology has reported total revenues surpassing INR 100 crore and a net profit of INR 7 crore, marking a sixfold revenue increase and a tenfold profit jump since FY 2023. The company’s ongoing growth is bolstered by subsidiaries in pharmaceuticals and packaged water, servicing clients like IRCTC. Mehai demonstrates financial resilience with low debt levels, increased promoter holding, and zero pledged shares as of June 2025.
Promoters of Mehai Technology – Hindon Mercantile Limited and Kapil Garg
Table of Contents
Mehai Technology Rights Issue Details
| Mehai Technology Rights Issue Date | 26 September – 17 October 2025 |
| Mehai Technology Rights Issue Price | INR 2 per share |
| Issue Size (in Shares) | 37,05,30,000 shares |
| Issue Size (in INR) | INR 74.11 crore |
| Issue Entitlement | 1 equity share for every 1 equity share held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Mehai Technology Rights Issue Record Date | 18 September 2025 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Mehai Technology Rights Issue Calculation
| Mehai Technology Rights Issue Price | INR 2 per share |
| Market Price on Rights Issue Approval | INR 13.97 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 7.99 per share |
Mehai Technology Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 9.0 | 15.0 | 119.0 |
| Expenses | 8.0 | 13.0 | 106.0 |
| OPM (%) | 10.0 | 14.0 | 11.0 |
| Net Income | 1.0 | 1.0 | 8.0 |
| ROCE (%) | 6.0 | 6.0 | 14.0 |
Mehai Technology Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment or pre-payment, in full or in part, of all or a portion of certain borrowing availed by the company – INR 33 crore
- Funding working capital requirements of the company – INR 14.75 crore
- Lending of fresh loans to Mehai Aqua (“MAPL”, one of the subsidiaries of the company) to facilitate them to repay / pre-pay in full or part of secured loans availed by them from UCO Bank – INR 9.11 crore
- General corporate purposes
Mehai Technology Rights Offer Documents
- Mehai Technology Rights Issue Application Form
- Mehai Technology Letter of Offer
- Board Meeting Outcome
- Mehai Technology Draft Letter of Offer
- Rights Issue in 2024
Mehai Technology Rights Issue Dates
| Rights Issue Approval Date | 12 September 2025 |
| Rights Issue Record Date | 18 September 2025 |
| Credit of Rights Entitlement | 19 September 2025 |
| Rights Issue Opening Date | 26 September 2025 |
| Last Date for Market Renunciation | 14 October 2025 |
| Rights Issue Closing Date | 17 October 2025 |
| Finalization of Basis of Allotment | 20 October 2025 |
| Rights Allotment Date | 20 October 2025 |
| Credit Date | 23 October 2025 |
| Listing Date | 24 October 2025 |
Mehai Technology Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Mehai Technology Contact Details
MEHAI TECHNOLOGY LIMITED
144, Dakshindari Road, Sreebhumi, North 24 Parganas,
Patipukur, Kolkata-700048, West Bengal, India
Phone: +91 70446 14887
Email: [email protected]
Website: www.mehaitech.co.in
Mehai Technology Rights Offer FAQs
What is the Mehai Technology Rights Issue Price?
The issue price is INR 2 per share.
What is the Mehai Technology Rights Issue entitlement ratio?
The eligible shareholders are offered 1 equity share for every 1 equity share held on the record date.
What is the Mehai Technology Rights Issue Record Date?
The Record date is 18 September 2025.
How to Apply in the Mehai Technology Rights Offer?
The best way to apply in the Mehai Technology Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit the same with your broker.