IPO

Mega Flex Plastics Limited

NSE SME

Listed On: Sep 19, 2022 at ₹ 54.0

₹ 120000 /3000 Shares

Check Allotment

IPO Details

06 Sep, 2022

Open Date

09 Sep, 2022

Close Date

15 Sep, 2022

Allotment Date

19 Sep, 2022

Listing Date

Issue Price

₹40 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Cameo Corporate Services Limited

List Price

54.0

Listing Date

2022-09-19

Market Lot

3000 Shares (₹120,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr)

Retail Portion

N/A

Subscription

46.27 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,353,0001,353,0002,706,000
Day 1 - 06-09-22 06:00 PM1.49 x1.43 x1.46 x
Day 2 - 07-09-22 06:00 PM2.20 x3.78 x2.99 x
Day 3 - 08-09-22 06:00 PM4.66 x9.88 x7.27 x
Day 4 - 09-09-22 06:00 PM52.86 x39.68 x46.27 x

Valuations

Earnings Per Share (EPS)

₹15.16/-

P/E Ratio

2.64

RoNW

8.56%

Net Asset Value (NAV) - Post Issue

₹176.99/-

Company Financials All values are in ₹ Lakh

31-Mar-2031-Mar-2131-Mar-22
Assets2999.933200.223414.68
Revenue3343.163108.534739.16
Profit After Tax219.85128.87265.93

About The 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.

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- Promoter(s)

Pre Issue Share Holding: 99.79%

Post Issue Share Holding: 73.32%

Company Promoter(s)

  1. M/s. Channel Plastics Private Limited
  2. Mr. Rakesh Sethia
  3. Mr. Mohan Lal Parakh
  4. Mr. Hukum Chand Bothra

IPO - Issue Objectives

  1. To meet the working capital requirements
  2. To meet the Issue Expenses
  3. 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. The size of Mega Flex Plastics Limited is 2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr).

Ans. The IPO price band is set between ₹40 per equity share.

Ans. To apply for Mega Flex Plastics Limited IPO, 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 allotment status for Mega Flex Plastics Limited here.