Mehai Technology IPO

Mehai Technology IPOBusiness description from prospectus – Mehai Technology was incorporated in 2013 and in 2014, it commenced manufacture of LED Bulbs and Fixtures. In 2015, it commenced manufacturing of Moon Light Bulbs and tubelights. Subsequently, in 2015 it progressed into assembling of Pendrive and Power Bank. The most recent segment that it has re-entered into is the assembling of Power Bank. Currently, the company sells through a set of dealers / distributors who place their order and after receipt of order they cater to their markets. Mehai Technology also sell through online portals viz Flipkart, eBay, Amazon, Shopclues, PayTM etc.

Promoters of Mehai Technology – Mr. Sudhir Ostwal and Ms. Shalini Jain

Mehai Technology IPO details

Subscription Dates 25 – 28 September 2017
IPO Price band INR40 per share
Fresh issue 1,500,000 shares (INR6 crore)
Offer for sale Nil
Total IPO size 1,500,000 shares (INR6 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Mehai Technology’s financial performance (in INR lakh)
FY2014 FY2015 FY2016 FY2017
Total revenue 61.5 124.4 522.4
Total expenses 0.1 1.3 1.5 43.2
Profit after tax 0.0 1.1 1.5 30.7

Mehai Technology Limited
64, Thatha Muthiappan Street
2nd Floor, Broadway
Chennai – 600001, Tamil Nadu

Phone: +91 044 4316 5050
Email: [email protected]


Subscription (no. of times)

Day 1 0.05
Day 2 0.20
Day 3 0.52
Day 4 1.64


Earnings Per Share (EPS): INR36.07

Price/Earnings (P/E) ratio: 1.11

Return on Net Worth (RONW): 73.58%

Net Asset Value (NAV): INR49.02 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Mehai Technology IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 25 September 2017

IPO Closing Date: 28 September 2017

Listing Date: 9 October 2017

Listing Price on BSE SME: INR35.1 per share (down 12.2% from IPO price)

Closing Price on BSE SME: INR34.5 per share (down 13.75% from IPO price)


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