Business 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
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Mehai Technology IPO details |
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| 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]
Website: www.mehaitech.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.20 |
| Day 3 | 0.52 |
| Day 4 | 1.64 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
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:Â INR34.5 per share (down 13.75% from IPO price)
