Mega flex plastics IPO is engaged in manufacturing Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits and vegetables.
Mega flex plastics IPO – Overview
| IPO Dates | 6-9 sept 2022 |
| IPO Price | INR 40 per share |
| Fresh issue | 2.850,000 shares (INR 11.04 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2.850,000 shares (INR 11.04 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Mega flex plastics IPO -Tentative Dates
| IPO Offer Opening Date | 06 September 2022 |
| IPO Closing Date | 09 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 |
| IPO Listing Date | 19 September 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Mega Flex Plastics Limited is primarily engaged in manufacturing 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.
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
- Working Capital Requirements.
- General Corporate Purposes.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 3414.68 | 3200.22 | 2999.93 |
| Total Revenue | 4739.16 | 3108.53 | 3343.16 |
| Profit After Tax | 265.93 | 128.87 | 219.85 |
Company Contact Information
Mega Flex Plastics Limited
4, Ho Chi Minh Sarani,
Suite-2A, 2nd Floor,
Kolkata – 700071
Phone: +91 98742 45045
Email: compliance@megaflex.in
Website: http://www.megaflex.co.in/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
