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Issue Open Date
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25-Sep-17
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Issue Closing Date
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28-Sep-17
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Application Money
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100
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Allotment Money
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Price Band
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40
-
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Minimium Application No.
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3000
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Issue Size (Shares)
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1500000
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Market Lot
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1
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Objective
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OBJECTS OF THE ISSUEThe objects of the Issue are:-1. To meet the working capital requirements of the Company;2. General Corporate Purposes;3. Issue Expenses.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
OVERVIEWMr. Sudhir Ostwal and Ms. Shalini Jain established our company in December 2013 under the provisions of theCompanies Act, 1956 vide certificate of incorporation dated December 13, 2013 issued by Registrar of Companies,Chennai, Tamil Nadu. The name of our Company has been changed to Mehai Technology Limited pursuant toconversion into a public company vide Shareholders‘ approval on June 12, 2017 and fresh certificate of incorporationdated June 29, 2017.Our Company was incorporated in 2013 and in 2014, we commenced manufacture of LED Bulbs and Fixtures. In2015 we commenced manufacturing of Moon Light Bulbs and tubelights. Subsequently, in 2015 we progressed intoassembling of Pendrive and Power Bank. The most recent segment that we have re-entered into is the assembling ofPower Bank. We believe that we have continuously diversified our product portfolio to keep pace with changingconsumer trends and development in technology.Our Company is having its registered office at 64, Thatha Muthiappan Street, 2nd Floor, Broadway, Chennai –600001, Tamil Nadu, India. Today our Company is growing at a fast pace in providing LED Bulbs thereof in relationto a specific space. Our Company is prepared and equipped with resources and operational capabilities to serve evergrowing needs of the market. Further, marketing plays a crucial role in our business and forms part of our corestrength. Our goal is to build relationships through our flexibility to meet customer specific needs. We constantly makean effort to add more value to our products thereby providing ultimate customer satisfaction.Our top management always lays emphasis on core strength and policies that focus on technology and greatdeliverance. With a passion to set high standards of our products, the management has always taken all measures toscale up as and when required only to deliver the best. We work diligently and have a wide range of equipment tocarter to every need and to reach the client sensitivity and centricity.Currently we are selling through a set of dealers / distributors who place their order and after receipt of order they caterto their markets. We majorly sell through online portals viz Flipkart, eBay, Amazon, Shopclues, PayTM etc. this helpsus to engage directly with end user and also get the direct user feedback. This makes it easier for us to make changeswhile further development of our products and adjust to changing markets moods.We are in process of launching IC based LED bulbs, this will place our brand amongst reputed LED lightingmanufacturers. The new development of 6W Downlight, which is a good product for sale in retails market, will soonbe completed. The research launching Street lights is also going on, with an outlook to develop our own drivers andPCB, Import good quality street light housing. We shall introduce new models in Aluminium housing for LED tubes,which will be powder coated for better looks and will be placed under same price brackets as the plastic housing tubelights which is currently being sold in market. Thus we hope to capture a much bigger market share as compared topresent times.Currently we are engaged in Trading / Assembly of USB Pen drives, we are in process of us being able to manufactureUSB pen drives. The core design including PCB and components is in almost final stages of finalisation with ananticipation to start in house manufacturing of USB pen drives.
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Promoter's Holding
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Total Share Capital
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3853050
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Offered to Public
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1500000
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Promoter's Holding (Pre-Issue)
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99.95
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Promoter's Holding (Post-Issue)
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71.95
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Address |
B-40 Sudarshanpura Industrial Area
Jaipur,
Rajasthan,
302006
Phone : 044-43165050 / 09680968891
Email : cs@mehai.co.in
Website : www.mehaitech.co.in
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village Opp: Yashoda Hospital Raj Bhavan Road Somajiguda Hyderabad
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Listed at |
BSE
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Lead Manager |
SPA Capital Advisors Ltd
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Promoters |
Shalini Jain Sudhir Ostwal
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