Mehai Technology Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Sep 2017

Close Date

28 Sep 2017

Allotment

04 Oct 2017

Listing Date

09 Oct 2017

Exchange

BSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

15,00,000 shares (aggregating up to ₹6.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

38,55,000 shares

Promoters

Post-IPO Holding

53,55,000 shares

Promoters

UPI Deadline

2017-09-28

Mandate

Anchor AllotmentSun, 24 Sep 2017

Basis of AllotmentWed, 04 Oct 2017

Refund InitiationThu, 05 Oct 2017

Demat CreditThu, 05 Oct 2017

Listing DayMon, 09 Oct 2017

UPI Mandate Deadline2017-09-28

Sale TypeFresh Capital

Net Offer to Public14,22,000 shares (aggregating up to ₹5.69 Cr)

Market Maker Quota78,000 shares (aggregating up to ₹0.3120 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

NSE ListingView on NSE →

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Subscription Rate Final

Mehai Technology Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Sep 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	78,000	—	₹0.31
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,500,000	100%	₹6.00

IPO Shares Offered

Mehai Technology Ltd IPO total issue size: ₹6.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	78,000	₹0.31	5.20%
Total	1,500,000	₹6.00	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

24 Sep 2017

✓ Done

IPO Open

25 Sep 2017

✓ Done

IPO Close

28 Sep 2017

✓ Done

Allotment

04 Oct 2017

✓ Done

Refunds

05 Oct 2017

✓ Done

Demat Credit

05 Oct 2017

✓ Done

Listing Day

09 Oct 2017

✓ Done

₹40.00

INR · BSE

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Issue ₹40.00 Live Price

About Mehai Technology Ltd

Incorporated in 2013, Mehai Technology Ltd is engaged into manufacturing of LED Bulbs, Fixtures, Moon Light Bulbs, Tubelights as well as assembling of Pen Drives and Power Banks.They sell their products through a set of dealers / distributors who place their order and after receipt of order they cater to their markets. They majorly sell through online portals viz Flipkart, eBay, Amazon, Shopclues, PayTM etc.They are in process of launching IC based LED bulbs, this will place their brand among reputed LED lighting manufacturers. They are also planning to manufacturing of Pen Drives in near term.

Objects of the Issue

Working Capital Requirements

General Corporate Purposes

Issue Expenses

Mehai Technology Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹124.4

31-Mar-2016

₹522.4

31-Mar-2017

₹29.3

30-Apr-2017

Profit After Tax (PAT)

₹1.5

31-Mar-2016

₹30.7

31-Mar-2017

₹4.2

30-Apr-2017

Particulars	30-Apr-2017	31-Mar-2017	31-Mar-2016
Revenue from Operations	29.27	522.37	124.43
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	4.16	30.66	1.46
Net Worth	639.84	41.67	10.87
Total Assets	1032.00	851.08	96.47
Reserves & Surplus	517.47	33.31	2.65
Borrowings	260.90	576.92	12.23
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered15,00,000 (100.00%)

Net Offer to Public14,22,000 shares (aggregating up to ₹5.69 Cr)

Reserved for Market Maker78,000 shares (aggregating up to ₹0.3120 Cr)

Pre-Issue Promoter Holding38,55,000 shares

Post-Issue Promoter Holding53,55,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

SPACAPITAL ADVISORS LIMITED

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Mehai Technology Ltd IPO subscribed? ▲

Mehai Technology Ltd IPO is subscribed 1.00 times by Sep 28, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Mehai Technology Ltd IPO retail subscription status? ▼

The Mehai Technology Ltd IPO retail category is subscribed 1.00 times as of 28 Sep 2017. The retail portion is oversubscribed.

How to subscribe Mehai Technology Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2017 and closes 28 Sep 2017. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2017-09-28.

How many times Mehai Technology Ltd IPO subscribed? ▼

The Mehai Technology Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Mehai Technology Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Oct 2017. Refunds: on 05 Oct 2017.

When Mehai Technology Ltd IPO will be listed? ▼

The Mehai Technology Ltd IPO listing date is 09 Oct 2017, Monday. Listed on: BSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Mehai Technology Ltd IPO close? ▼

The Mehai Technology Ltd IPO closes on 28 Sep 2017, Thursday. UPI mandate: 2017-09-28. Allotment: 04 Oct 2017. Listing: 09 Oct 2017.

Quick Actions

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Live Price LIVE

Last Price₹40.00

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Issue Price₹40.00

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Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date25 Sep 2017

Close Date28 Sep 2017

Allotment04 Oct 2017

Listing Date09 Oct 2017

ExchangeBSE SME

UPI Deadline2017-09-28