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
- About Mega Flex Plastics
- Objects of the Issue
- Mega Flex Plastics Limited Financials:
- Mega Flex Plastics IPO Details
- Mega Flex Plastics IPO GMP
- Mega Flex Plastics IPO DRHP & RHP
- Mega Flex Plastics IPO Lot Size
- Mega Flex IPO Lead Managers
- Mega Flex IPO Registrar
- Mega Flex IPO Allotment Date, Listing Date and other Important Dates
- Company Registered Office
- Company Promoters
- Mega Flex Plastics IPO – FAQS
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
| Description | IPO Price Details |
|---|---|
| Public Issue | Initial Public Issue of upto 28,50,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1,140 lakhs) |
| Issue Open Date | 06-Sep-22 |
| Issue Close Date | 09-Sep-22 |
| Issue Type | Fixed 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 Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | MEGAFLEX |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Mega Flex Plastics IPO GMP
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
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 3000 | ₹ 1,20,000 |
| Maximum | 1 | 3000 | ₹ 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
| Details | Date |
|---|---|
| Bid / Offer Opens on | 06-Sep-22 |
| Bid / Offer Closes on | 09-Sep-22 |
| Finalisation of Basis of Allotment | 14-Sep-22 |
| Initiation of refunds | 15-Sep-22 |
| Credit of the Equity Shares | 16-Sep-22 |
| Listing Date | 19-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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