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MehaI Technology Ltd IPO (MHL IPO) Details

MehaI Technology Ltd IPO (MHL IPO) Details:

MehaI Technology Ltd was incorporated in 2013 and in 2014, it commenced manufacture of LED Bulbs and Fixtures.

In 2015 it commenced manufacturing of Mood 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.

Company is having its registered office at 64, Thatha Muthiappan Street, 2nd Floor, Broadway, Chennai – 600001, Tamil Nadu, India.

Currently it is selling through a set of dealers / distributors who place their order and after receipt of order they cater to their markets.

MehaI Technology Ltd majorly sell through online portals viz Flipkart, eBay , Amazon , Shopclues , PayTM etc. this helps to engage directly with end user and also get the direct user feedback.

Objects of the Issue:

The objects of the Issue are:-

  1. To meet the working capital requirements of the Company;
  2. General Corporate Purposes;
  3. Issue Expenses.
MehaI Technology Ltd IPO (MHL IPO) Details:
  1. Issue Open: September 25, 2017 – September 28, 2017
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 1,500,000 Equity Shares of Rs 10 aggregating up to Rs 6.00 Cr
  5. Issue Price: Rs 40 Per Equity Share
  6. Market Lot: 3000 Shares
  7. Minimum Order Quantity: 3000 Shares
  8. Listing At: BSE SME

* To Be Updated

Book Running Lead Manager:

SPA CAPITAL ADVISORS LIMITED
101-A, 10th floor, Mittal Court,
Nariman Point, Mumbai – 400021, Maharashtra, India
Tel: (022) 40439000  Fax: (022) 22021466
Email: mehai.smeipo@spagroupindia.com

REGISTRAR TO THE ISSUE:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059, Maharashtra, India
Tel: +91 22 62638200  Fax: +91 22 62638299
Email: ipo@bigshareonline.com

Draft Red Herring Prospectus (DRHP) Of MehaI Technology Ltd IPO (MHL IPO):

MehaI Technology Ltd (MHL) IPO Prospectus

Red Herring Prospectus (RHP) Of MehaI Technology Ltd IPO (MHL IPO):

MehaI Technology Ltd (MHL) IPO Prospectus

MehaI Technology Ltd IPO (MHL IPO) Grey Market Premium (GMP):

Grey Market Premium (GMP) of MehaI Technology Ltd IPO (MHL IPO) is not active as of now.

 

MehaI Technology Ltd IPO (MHL IPO) Allotment Status:

To Check MehaI Technology Ltd (MHL) IPO Allotment Status : Click Here

  1. Select MehaI Technology Ltd IPO (MHL IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

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Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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