Business description – Megastar Foods is engaged in the manufacturing of food based products such as wheat flour, organic wheat flour products and allied flour products i.e. Atta-Wheat flour products, Maida-Fine wheat flour products, Suji/Rawa-Semolina, Chokar/Wheat Bran, Organic Atta, Organic whole Wheat flour and Organic wheat flour etc. The company is an FSSC 22000 certified company for food safety systems including ISO 22000:2005, ISO 22002-1:2009 and additional FSSC 22000 requirements in respect of Processing (Pre Cleaning, Cleaning, milling, Sifting) of Wheat products like Atta, Maida, Suzi, Bran and its packaging in HDPE laminated bags and Poly Pouch bags by Intertek Certification Limited, United Kingdom. The company is having state of the art modern machinery in our wheat processing plant in Punjab, India, with an installed capacity of 81000 MT per year. At present Megastar Foods caters to MNC’s in India and also exports some of its products to United Nations Organization, Europe, United States & Middle East.
Promoters of Megastar Foods – Mr Vikas Goel and Mr Vikas Gupta
| Megastar Foods IPO details | |
| Subscription Dates | 14 – 16 May 2018 |
| IPO Price band | INR30 per share |
| Fresh issue | 2,680,000 shares (INR8.04 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,680,000 shares (INR8.04 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital Requirements – INR6.50 crore
- General Corporate Expenses – INR1.13 crore
- Issue Expenses – INR0.41 crore
| Megastar Foods’ financial performance (in INR lakh) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | ||
| Total revenue | 785.4 | 4,450.2 | 7,804.3 | 9,776.3 | 7,836.8 | |
| Total expenses | 785.5 | 4,425.5 | 7,727.4 | 9,646.4 | 7,730.9 | |
| Profit after tax | -0.1 | -28.2 | 58.9 | 105.9 | 87.1 | |
Megastar Foods’ Contact Details
Megastar Foods Limited
Plot No. 807
Industrial Area, Phase-II
Chandigarh – 160 102
Phone: +91 0172 5005 024
Email: [email protected]
Website: www.megastarfoods.com
Megastar Foods IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.12 |
| Day 2 | 1.03 |
| Day 3 | 1.61 |
Megastar Foods Valuation (Latest FY)
Earnings Per Share (EPS): INR1.47
Price/Earnings (P/E) ratio: 20.47
Return on Net Worth (RONW): 14.43%
Net Asset Value (NAV): INR12.29 per share
Registrar of Megastar Foods IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Megastar Foods IPO Allotment Status
Megastar Foods IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Megastar Foods
IPO Opening Date: 14 May 2018
IPO Closing Date: 16 May 2018
Listing Date: 24 May 2018
Listing Price on BSE SME: INR30.5 per share (up 1.67% from IPO price)
Closing Price on BSE SME: INR31 per share (up 3.33% from IPO price)
Any premium on this?