Mega Flex Plastics IPO Review
Mega Flex Plastics IPO Overview
Mega Flex Plastics Limited principally produces Leno Bags, which are used to package agricultural items such as potatoes, onions, garlic, coconuts, fruits, and vegetables. The firm also produces Woven Fabric and Sutli (Fibrillated Twisted Thread).
Manufacturing of Leno Bags, PP Fabrics, Sutli (Fibrillated Twisted Thread), and trade of Polypropylene Granules are the company’s two business sectors.
The company’s factory is ideally placed on NH-6, approximately 120 kilometres from the international all-weather port of Haldia and approximately 30 kilometres from Kolkata port, providing good connectivity and transportation amenities. Lenoflex, Kisan, Kisan Regular, Goldflex Lite, Goldflex, Tiger, Tiranga, and Hena are among the company’s brands.
Mega Flex Plastics IPO Details
| Mega Flex Plastics IPO Date | Sep 6, 2022 to Sep 9, 2022 |
| Mega Flex Plastics IPO Face Value | ₹10 per share |
| Mega Flex Plastics IPO Price | ₹40 per share |
| Mega Flex Plastics IPO Lot Size | 3000 Shares |
| Issue Size | 2,850,000 shares of ₹10 (aggregating up to ₹11.40 Cr) |
| Fresh Issue | 2,850,000 shares of ₹10 (aggregating up to ₹11.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | M/s. Channel Plastics Private Limited, Mr. Rakesh Sethia, Mr. Mohan Lal Parakh and Mr. Hukum Chand Bothra are the company promoters. |
Mega Flex Plastics IPO Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
31-Mar-20 | 2999.93 | 3343.16 | 219.85 | 2710.33 | 2534.89 |
31-Mar-21 | 3200.22 | 3108.53 | 128.87 | 2839.2 | 2663.75 |
31-Mar-22 | 3414.68 | 4739.16 | 265.93 | 3105.13 | 2929.68 |
Amount in ₹ Lakhs | |||||
Mega Flex Plastics IPO Key Ratios
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 12.53 | 7.35 | 15.16 |
| PE ratio | – | – | 2.64 |
| RONW (%) | 8.11 | 4.54 | 8.56 |
| NAV | – | – | 39.33 |
| Debt/Equity ratio | 0.01 | 0.01 | – |
| ROCE (%) | 0.11 | 0.07 | 0.12 |
Listing Performance of Mega Flex Plastics IPO
Listed On : NSE SME
Issue Price : ₹40 per share
Listing Day Close :
Listing Day Gain :
Mega Flex Plastics IPO ISIN Code / Number
NSE : NA
ISIN CODE : INE0G1D01014
BSE : NA
Mega Flex Plastics IPO Allotment Status
Mega Flex Plastics IPO Important Dates
| Mega Flex Plastics IPO Date | Sep 6, 2022 to Sep 9, 2022 |
Mega Flex Plastics IPO Contact Details
4, Ho Chi Minh Sarani,
Suite-2A, 2nd Floor,
Kolkata – 700071
Phone: +91 98742 45045
Email: compliance@megaflex.in
Website: http://www.megaflex.co.in/
Mega Flex Plastics IPO Registrar Contact Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
Mega Flex Plastics IPO Subscription Details
Updated Soon.
Mega Flex Plastics IPO FAQ's
The Mega Flex Plastics IPO is a BSE SME IPO of ₹40 per equity share with a face value of 10 per equity share.
The issue size is priced at 2,850,000 shares of ₹10 (aggregating up to ₹11.40 Cr).
The fresh issue size priced at 2,850,000 shares of ₹10 (aggregating up to ₹11.40 Cr). The initial public offering (IPO) begins on Sep 6, 2022 and ends on Sep 9, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.
The Mega Flex Plastics IPO opens on Sep 6, 2022 and closes on Sep 9, 2022. The IPO Issue date may list on [.], 2022.
Mega Flex Plastics IPO Market lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
The finalisation of Basis of Allotment for Mega Flex Plastics IPO will be done on [.], 2022 and the allotted shares will be credited to your demat account by [.], 2022. Check the Mega Flex Plastics IPO status.
The Mega Flex Plastics IPO listing date is on [.], 2022.
Mega Flex Plastics IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Mega Flex Plastics IPO Comments
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