Description
24.14 crore equity shares of Mehai Technology Limited listed on BSE from August 25, 2025 following warrant conversion.
Summary
Mehai Technology Limited (Scrip Code: 540730) is listing 24.14 crore new equity shares on BSE effective August 25, 2025. These shares were issued through conversion of warrants on a preferential basis to promoters and non-promoters at Rs. 3.50 per share.
Key Points
- 24,14,00,000 equity shares of Rs. 1/- each issued at Rs. 2.50 premium
- Issue price: Rs. 3.50 per share
- Allotment date: June 9, 2025
- Trading commences: August 25, 2025
- Shares rank pari-passu with existing equity shares
- ISIN: INE062Y01020
- Distribution numbers: 346390001 to 370530000
Regulatory Changes
No specific regulatory changes mentioned in this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in provisions must be observed as specified
- Shares subject to regulatory lock-in periods
Important Dates
- Allotment Date: June 9, 2025
- Trading Commencement: August 25, 2025
- Lock-in Expiry (Batch 1): February 28, 2026 (11.14 crore shares)
- Lock-in Expiry (Batch 2): February 28, 2027 (13 crore shares)
Impact Assessment
The listing significantly increases Mehai Technology’s equity base by 24.14 crore shares. However, all new shares are subject to lock-in periods ranging from 18 months to 2.5 years, which will limit immediate trading liquidity. The preferential allotment structure suggests strategic investor participation or promoter stake adjustment.
Impact Justification
New equity listing with significant lock-in provisions affecting trading liquidity