Mega Flex Plastics IPO description – The company 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 also manufactures 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.
Competitive Strengths:
- Organizational stability along with management expertise.
- Smooth flow of operations.
- Well-defined organizational structure.
- Existing Supplier Relationship.
- Wide range of Products.
Promoters of Mega Flex Plastics – (i) M/s. Channel Plastics Private Limited, (ii) Mr. Rakesh Sethia, (iii) Mr. Mohan Lal Parakh, and (iv) Mr. Hukum Chand Bothra
Mega Flex Plastics IPO Details
| Subscription Dates | 6 – 9 September 2022 |
| Price Band | INR 40 per share |
| Fresh issue | 28,50,000 shares (INR 11.40 crore) |
| Offer For Sale | Nil |
| Total IPO size | 28,50,000 shares (INR 11.40 crore) |
| Minimum bid (lot size) | 3,000 share |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Mega Flex Plastics Financial Performance
| Â | FY2020 | FY2021 | FY2022 |
| Revenue | 3,343.16 | 3,108.53 | 4,739.16 |
| Expenses | 2,977.96 | 2,829.38 | 4,318.48 |
| Net income | 219.85 | 128.87 | 265.93 |
Mega Flex Plastics Offer News
Mega Flex Plastics Valuations & Margins
| 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 |
Mega Flex Plastics IPO GMP Daily Trend
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 17 Sep 2022 | 15 | – | 20,000 |
| 16 Sep 2022 | 12 | – | 20,000 |
| 15 Sep 2022 | 10 | – | 20,000 |
| 14 Sep 2022 | 7 | – | 20,000 |
| 13 Sep 2022 | 7 | – | 20,000 |
| 12 Sep 2022 | 6 | – | 20,000 |
| 9 Sep 2022 | 5 | – | 20,000 |
| 8 Sep 2022 | 5 | – | 20,000 |
| 7 Sep 2022 | 8 | – | 23,000 |
| 6 Sep 2022 | 10 | – | 23,000 |
| 5 Sep 2022 | 10 | – | 23,000 |
| 2 Sep 2022 | 10 | – | 22,000 |
| 1 Sep 2022 | – | – | 15,000 |
Mega Flex Plastics IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 14,25,000 | 14,25,000 | 28,50,000 |
| Day 1 | 1.41 | 1.36 | 1.39 |
| Day 2 | 2.09 | 3.59 | 2.84 |
| Day 3 | 4.43 | 9.38 | 6.90 |
| Day 4 | 50.15 | 37.06 | 43.61 |
Mega Flex Plastics IPO Lead Manager
Finshore Management Services Limited
Anandlok Building, Block-A,
2nd Floor, Room No. 207,
227 A.J.C Bose Road,
Kolkata-700020, West Bengal
Phone: +91 033 22895101/46032561
Email:Â [email protected]
Website: www.finshoregroup.com
Mega Flex Plastics Offer Registrar
Cameo Corporate Services Limited
Subramanian Building,
#1, Club House Road,
Chennai – 600 002, India
Phone:Â +91-44-40020700, 28460390
Email:Â [email protected]
Website:Â www.cameoindia.com
Mega Flex Plastics IPO Contact Details
Mega Flex Plastics Limited
4, Ho Chi Minh Sarani, Suite-2A,
2nd Floor, Kolkata – 700071,
West Bengal, India
Phone: +91 98742 45045
Email: [email protected]
Website: www.megaflex.co.in
Mega Flex Plastics IPO Allotment Status
Mega Flex Plastics IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Mega Flex Plastics IPO Timetable
| IPO Opening Date | 7 September 2022 |
| IPO Closing Date | 9 September 2022 |
| Finalisation of Basis of Allotment | 14 September 2022 |
| Initiation of refunds | 15 September 2022 |
| Transfer of shares to demat accounts | 16 September 2022 |
| Listing Date | 19 September 2022 |
| Opening Price on NSE SME | INR54 per share (up 35% from IPO price) |
| Closing Price on NSE SME | Coming soon |
Mega Flex Plastics IPO FAQs
What is Mega Flex Plastics offer size?
Mega Flex Plastics offer size is INR 11.40 crore.
What is Mega Flex Plastics IPO Price Band?
Mega Flex Plastics public offer price is INR 40 per share.
What is the lot size of Mega Flex Plastics IPO?
Mega Flex Plastics offer lot size is 3,000 shares.
What is Mega Flex Plastics IPO GMP today?
Mega Flex Plastics IPO GMP today is INR15 per share.
What is Mega Flex Plastics kostak rate today?
Mega Flex Plastics kostak rate today is NA per application.
What is Mega Flex Plastics Subject to Sauda rate today?
Mega Flex Plastics Subject to Sauda rate today is INR20,000 per application.
