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Mehai Technology Ltd IPO

Add to Calendar 2017-09-25 12:00 AM 2017-09-28 12:00 AM Asia/Kolkata Mehai Technology Ltd IPO Mehai Technology Ltd India

 

Mehai Technology commenced its operations by manufacturing of LED Bulbs and Fixtures and subsequently entering into power banks and Pen drive. Company majorly sell through online portals viz Flipkart, eBay, Amazon, Shopclues, PayTM etc but they have also tied up with dealers/distributors to sell their products offline.

 

Date of establishment:  Mehai Technology Limited was incorporated in 2013.

 

Product & Service Offering: Company’s manufactures LED Bulbs ,Night Lamp, Mood Light, Tube light, Power Banks & Pen Drive

Promoters of Mehai Technology Limited:  Mr.Sudhir Ostwal and Ms. Shalini Jain are the promoter Mehai Technology Limited.

 

Customer segment: The company sells its product to retail customers.

 

Objects of the Issue:  The objects of the Offer is to:-
-     To meet the working capital requirements of the Company
-     To meet General Corporate Purpose
-     Issue Expenses

 

Company Financials:

 

Mehai Technology's financial performance (in INR lakh)

     

FY2014

FY2015

FY2016

FY2017

Total Assets

 

 

18.17

55.08

96.47

851.08

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

 

 

Issue Detail

  • Issue Open: Sep 25, 2017
  • Issue Close: Sep 28, 2017
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 40 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 6.00 Cr

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