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IPO Synopsis
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Mehai Technology Ltd
Registered Office:
24 Venkata Maistry Steet,2nd Floor Mannady,
Chennai - 600001,
Tamil Nadu, India.
Website :  www.mehaitech.com
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 company The 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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
25-Sep-17
28-Sep-17
40.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
6.00
SPA Capital Advisors Ltd
Project Financed through Current Offer
6.00
 
Post Issue Equity Share Capital
5.36
 
Issue Price
40.00
 
Projects
Working capital requirements
General corporate purposes
Promoted By
Sudhir Ostwal
Shalini Jain
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd
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