HomeIPO SMEMega Flex Plastics IPO Details

Mega Flex Plastics IPO Details

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Mega Flex Plastics IPO subscription is to open on Sep 06, 2022, and will close on Sep 09, 2022, the price band of the Mega Flex Plastics IPO is fixed at ₹ 40. Mega Flex Plastics is primarily engaged in the manufacturing of Leno Bags which are used for packaging of agricultural produces like potatoes, onions, garlic, coconuts, fruits, and vegetables.

Mega Flex Plastics IPO Subscription Status
Mega Flex Plastics IPO Allotment Status
Mega Flex Plastics IPO Listing Date

Mega Flex Plastics IPO

About Mega Flex Plastics

Mega Flex Plastics is primarily engaged in manufacturing of Leno Bags which is used for packaging of agricultural produces like potatoes, onions, garlic, coconuts, fruits and vegetables. In addition to Leno Bags, the company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The product which majorly manufacture i.e., Leno Bags is made from Plastic Granules and is used multiple times for storage of fruits and vegetables. The said product is widely used in Cold Storages and warehouses for storage of various products.

Objects of the Issue

  • To meet the working capital requirements
  • To meet the Issue Expenses
  • General Corporate Purposes

Mega Flex Plastics Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Assets 3,414.68 3,200.22 2,999.93
Total income 4,739.16 3,108.53 3,343.16
Total Expenses 4,318.48 2,829.38 2,977.96
Profit After Tax 265.93 128.87 219.85

Mega Flex Plastics IPO Details

DescriptionIPO Price Details
Public IssueInitial Public Issue of upto 28,50,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1,140 lakhs)
Issue Open  Date06-Sep-22
Issue Close Date09-Sep-22
Issue TypeFixed Price
IPO Price Band₹ 40
Face Value ₹ 10
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolMEGAFLEX
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Mega Flex Plastics IPO GMP

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Mega Flex Plastics IPO GMP is Rs 9 as on 2nd September 2022 as per source

Mega Flex Plastics IPO DRHP & RHP

Mega Flex Plastics IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,20,000
Maximum13000₹ 1,20,000

Mega Flex IPO Lead Managers

  • Finshore Management Services Limited

Mega Flex IPO Registrar

  • Cameo Corporate Services Limited

Mega Flex IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on06-Sep-22
Bid / Offer Closes on09-Sep-22
Finalisation of Basis of Allotment14-Sep-22
Initiation of refunds 15-Sep-22
Credit of the Equity Shares16-Sep-22
Listing Date19-Sep-22

Company Registered Office

4, Ho Chi Minh Sarani,
Suite-2A, 2nd Floor,
Kolkata – 700071,
West Bengal, India
Website: www.megaflex.co.in

Company Promoters

M/s. Channel Plastics Private Limited
Mr. Rakesh Sethia
Mr. Mohan Lal Parakh and
Mr. Hukum Chand Bothra

Mega Flex Plastics IPO – FAQS

What is the Mega Flex IPO Price?

The Mega Flex IPO price band is Rs.40 per share

When Mega Flex IPO will open?

The Mega Flex IPO opens on Sep 06, 2022 and closes on Sep 09, 2022

What is the lot size of Mega Flex IPO?

The Mega Flex IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares

Who is the Registrar for Mega Flex IPO?

The Registrar for Mega Flex IPO is Cameo Corporate Services Ltd

How to apply in Mega Flex IPO through UPI?

Check the step by step process here – Click here

How to apply in Mega Flex IPO through Zerodha?

Check the step by step process here – Click here

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