Business Standard

Mehai Technology Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

6.00 cr

Price Range (₹)

40

Lot Size

3000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

25-Sept-2017

Close Date

28-Sept-2017

Listing Date

09-Oct-2017

Mehai Technology Ltd News

    The Shares of Mehai Technology Ltd have now been listed.

    Mehai Technology Ltd IPO Details

    Public issue of 15,00,000 equity shares of face value of Rs. 10/- each fully paid up of Mehai Technology Limited (MTL or the company or the issuer) for cash at a price of Rs. 40/- per equity share (the issue price) (including a share premium of Rs. 30/- per equity share aggregating Rs. 6.00 Crores (the issue) by the company, of which 78,000 equity shares of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 14,22,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.01% and 26.55% respectively of the post issue paid up equity share capital of the companyThe face value of the equity shares is Rs. 10/- each. The issue price is Rs. 40/- the issue price is 4.00 times the face value.

    Objective of issue

    Working capital requirements. General corporate purposes.

    Mehai Technology Ltd Contact Details

    Mehai Technology Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@mehai.co.in

    Website - www.mehaitech.co.in