IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size28,50,000 shares (aggregating up to ₹11.40 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 06 Sep 2022
Subscription CloseFri, 09 Sep 2022
Anchor AllotmentMon, 05 Sep 2022
Basis of AllotmentWed, 14 Sep 2022
Initiation of RefundsThu, 15 Sep 2022
Credit of Shares to DematFri, 16 Sep 2022
Listing DateMon, 19 Sep 2022
UPI Mandate Deadline2022-09-09
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
P/E Ratio (Pre-IPO)16.19x
Net Offer to Public27,06,000 shares (aggregating up to ₹10.82 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.5760 Cr)
Pre-IPO Promoter Holding78,95,025 shares
Post-IPO Promoter Holding1,07,45,025 shares
About Mega Flex Plastics Ltd.
Mega Flex Plastics Limited 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 is also manufacturing 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.
Objects of the Issue
Mega Flex Plastics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working capital requirements
10.17
2
2 Issue related expenses
0.48
3
3 General corporate expenses
0.75
Shareholding & Lock-in
Pre-IPO Promoter Holding
78,95,025 shares
Post-IPO Promoter Holding
1,07,45,025 shares