Mega Flex Plastics Limited IPO
Mega Flex Plastics Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹40 per share. The stock debuted at ₹54, delivering a listing gain of 35.0%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,20,000.
Mega Flex Plastics Limited
- IPO Dates
- Sep 6, 2022 – Sep 9, 2022
- Price band
- ₹40 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- 2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr)
- Lot size
- 3000
- Allotment Date
- Sep 15, 2022
- Listing
- Sep 19, 2022
- Listing At
- NSE SME
IPO timeline
-
Sep 6, 2022
Open Date
Completed
-
Sep 9, 2022
Close Date
Completed
-
Sep 15, 2022
Allotment Date
Completed
-
Sep 19, 2022
Listing Date
Completed
Mega Flex Plastics Limited IPO Essentials
Mega Flex Plastics Limited IPO Details
Mega Flex Plastics Limited IPO is priced at ₹40 per share with a total issue size of 2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr). The IPO has a lot size of 3000 shares and is listed on NSE SME.
- Issue price
- ₹40 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr)
- Listing at
- NSE SME
- List price
- 54.0
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Finshore Management Services Limited
Mega Flex Plastics Limited IPO Analytics
Mega Flex Plastics Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Mega Flex Plastics Limited IPO Subscription Status
Mega Flex Plastics Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,353,000 | 1,353,000 | 2,706,000 |
|
Day 1
06-09-22 06:00 PM
|
(1.49) x | 1.43 x | 1.46 x |
|
Day 2
07-09-22 06:00 PM
|
(2.20) x | 3.78 x | 2.99 x |
|
Day 3
08-09-22 06:00 PM
|
(4.66) x | 9.88 x | 7.27 x |
|
Day 4
09-09-22 06:00 PM
|
(52.86) x | 39.68 x | 46.27 x |
Mega Flex Plastics Limited Valuations
Earnings
- EPS (Post IPO)
- ₹15.16/-
- P/E Ratio
- 2.64
Returns
- RoNW
- 8.56%
Mega Flex Plastics Limited Financials( In Lakhs)
| 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2999.93 | 3200.22 | 3414.68 |
| Revenue | 3343.16 | 3108.53 | 4739.16 |
| Profit After Tax | 219.85 | 128.87 | 265.93 |
Mega Flex Plastics Limited Company & Offer Insights
About Mega Flex Plastics Limited
Mega Flex Plastics Limited is primarily engaged in manufacturing of Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits and vegetables. The company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread).
The company operates in two segments: Manufacturing of Leno Bags, PP Fabrics, Sutli (Fibrillated Twisted Thread) and trading of Polypropylene Granules.
The company's plant is strategically located on NH-6, about 120 km from the international all-weather port of Haldia and around 30 km from Kolkata port, which gives it excellent connectivity and transport facilities. The company's brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena.
The company also export Leno Bags to European countries.
Mega Flex Plastics Limited Promoter(s)
M/s. Channel Plastics Private Limited, Mr. Rakesh Sethia, Mr. Mohan Lal Parakh, Mr. Hukum Chand Bothra are the company's promoters of Mega Flex Plastics Limited .
Mega Flex Plastics Limited IPO Issue Objectives
- •
- To meet the working capital requirements
- •
- To meet the Issue Expenses
- •
- General Corporate Purposes
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Mega Flex Plastics Limited IPO is a Fixed Priced IPO worth ₹2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr). The issue price is ₹40 per share (fixed price). The IPO opens on Sep 6, 2022 and closes on Sep 9, 2022. It will be listed on NSE SME Platform. Cameo Corporate Services Limited is the registrar.
The issue price of Mega Flex Plastics Limited IPO is ₹40 per share (fixed price).
The lot size of Mega Flex Plastics Limited IPO is 3000 shares.
The minimum investment for Mega Flex Plastics Limited IPO is approximately ₹1,20,000 based on the issue price .
Mega Flex Plastics Limited IPO opens on Sep 6, 2022 and closes on Sep 9, 2022.
The allotment date of Mega Flex Plastics Limited IPO is Sep 15, 2022.
Mega Flex Plastics Limited IPO is expected to be listed on Sep 19, 2022, on NSE SME Platform.
Mega Flex Plastics Limited IPO valuation snapshot: P/E 2.64, EPS ₹15.16/-, P/B N/A, RoNW 8.56%, and market cap N/A.
To apply for Mega Flex Plastics Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Mega Flex Plastics Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Mega Flex Plastics Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Mega Flex Plastics Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Mega Flex Plastics Limited IPO allotment status on IPO Ji for quick and easy access.