Mega Flex Plastics Limited
NSE SMEListed On: Sep 19, 2022 at ₹ 54.0
₹ 240000
/6000 Shares
*Min Investment
06 Sep, 2022
Open Date09 Sep, 2022
Close Date15 Sep, 2022
Allotment Date19 Sep, 2022
Listing DateIPO Issue Details
- Issue Price ₹40 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr)
- Listing at NSE SME
- List Price 54.0
- Listing Date 2022-09-19
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
IPO Details
- Retail Portion N/A
IPO Details
Mega Flex Plastics Limited is an SME IPO, priced at ₹40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Sep 6, 2022 to Sep 9, 2022. The allotment is expected to be finalized on Sep 15, 2022, and the tentative listing date is Sep 19, 2022.
The registrar of the IPO is Cameo Corporate Services Limited, and
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IPO Subscription Analysis And Details
| 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 |
Valuations
Company Financials
| 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 |
About Company
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.
- Promoter(s)
M/s. Channel Plastics Private Limited
Mr. Rakesh Sethia
Mr. Mohan Lal Parakh
Mr. Hukum Chand Bothra
Pre Issue Share Holding : 99.79%
Post Issue Share Holding : 73.32%
IPO - Issue Objectives
To meet the working capital requirements
To meet the Issue Expenses
General Corporate Purposes
IPO - FAQs
Ans. Mega Flex Plastics Limited is a SME IPO. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Sep 6, 2022, and closes on Sep 9, 2022. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Mega Flex Plastics Limited opens on Sep 6, 2022 and closes on Sep 9, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Mega Flex Plastics Limited is 2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr).
Ans. The Mega Flex Plastics Limited price band is set between ₹40 per equity share.
Ans. To apply for Mega Flex Plastics Limited , follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Mega Flex Plastics Limited in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Mega Flex Plastics Limited is Sep 15, 2022.
Ans. The Mega Flex Plastics Limited will be listed on Sep 19, 2022.
Ans. Follow the steps to check the Mega Flex Plastics Limited allotment status online.
