Mega Flex Plastics Limited
NSE SME₹120,000 / 3000 Shares
Mega Flex Plastics Limited IPO Details
The Mega Flex Plastics Limited IPO price band is set between ₹40 per equity share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 6 Sep, 2022 and closes on 9 Sep, 2022. Investors can check the allotment status on 15 Sep, 2022, while the listing date is tentatively scheduled for 19 Sep, 2022.
The total issue size is 2,850,000 shares of ₹10, aggregating up to ₹11.40 Cr. Stay tuned for the latest Mega Flex Plastics Limited IPO review and GMP updates.
Mega Flex Plastics Limited IPO Review, Rating & Analysis
Mega Flex Plastics Limited IPO Review
NO REVIEWMega Flex Plastics Limited IPO Rating
Mega Flex Plastics Limited IPO Highlights
IPO Date
Sep 6, 2022 - Sep 9, 2022
Listing Date
19 Sep, 2022
Face Value
₹10 Per Equity Share
Price Band
₹40 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Mega Flex Plastics Limited IPO Lot Size
The minimum market lot for Mega Flex Plastics Limited IPO is 3000 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,20,000 |
| Retail (Max) | 1 | 3000 | ₹1,20,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,40,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,60,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,80,000 |
Mega Flex Plastics Limited IPO Timeline
Issue Price
₹40 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Finshore Management Services LimitedIssue Size
2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr)Mega Flex Plastics Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 20 | 2999.93 | 3343.16 | 219.85 | - | - | - |
| 31 Mar 21 | 3200.22 | 3108.53 | 128.87 | - | - | - |
| 31 Mar 22 | 3414.68 | 4739.16 | 265.93 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- M/s. Channel Plastics Private Limited
- Mr. Rakesh Sethia
- Mr. Mohan Lal Parakh
- Mr. Hukum Chand Bothra
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.79% | 73.32% |
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.
Mega Flex Plastics Limited IPO Subscription 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 |
Frequently Asked Questions about Mega Flex Plastics Limited IPO
When will Mega Flex Plastics Limited IPO open for subscription?
The Mega Flex Plastics Limited IPO opens on 6 Sep, 2022 and closes on 9 Sep, 2022.
What is the investors portion for Mega Flex Plastics Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1353000.
How to apply for Mega Flex Plastics Limited IPO?
You can apply for Mega Flex Plastics Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Mega Flex Plastics Limited IPO?
The issue size of Mega Flex Plastics Limited IPO is approx ₹2,850,000 shares of ₹10(aggregating up to ₹11.40 Cr) crores.
What is the price band of Mega Flex Plastics Limited IPO?
The price band for Mega Flex Plastics Limited IPO is ₹40 per equity share to ₹undefined.
What is the lot size of Mega Flex Plastics Limited IPO?
The minimum bid (lot size) for Mega Flex Plastics Limited IPO is N/A shares with an investment of approx ₹120,000 .
What is the allotment date of Mega Flex Plastics Limited IPO?
The allotment date for Mega Flex Plastics Limited IPO is 15 Sep, 2022.
What is the listing date of Mega Flex Plastics Limited IPO?
The listing date for Mega Flex Plastics Limited IPO is expected to be 19 Sep, 2022.
What is the GMP of Mega Flex Plastics Limited IPO?
The latest Grey Market Premium (GMP) for Mega Flex Plastics Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.