Megastar Foods IPO is set to make its debut on 16th May 18 with 77.92 Cr is engaged in the manufacturing of food-based products such as wheat flour, organic wheat flour products, and allied flour products.
Megastar Foods IPO – overview
| IPO Dates | 16-22 May 18 |
| IPO Price | INR 160 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,870,000 shares (INR 77.92 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Megastar Foods IPO – Tentative Dates
| IPO Offer Opening Date | 23 May 2018 |
| IPO Closing Date | 25 May 2018 |
| Finalization of Basis of Allotment | 30 May 2018 |
| Initiation of refunds | 31 May 2018 |
| Transfer of shares to demat accounts | 1 June 2018 |
| IPO Listing Date | 4 June 2018 |
Company Overview
Incorporated in 2011, Megastar Foods Limited is engaged in the manufacturing of food-based products such as wheat flour, organic wheat flour products, and allied flour products. Basically, the company produces food products related to wheat 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.
Megastar 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 FSSAI license, Organic Certificate for in accordance with the requirements of India’s National
Programme for Organic Production Standards by the Ecocert India Pvt. Limited, HALAL certified by HALAL India Pvt. Ltd etc.
Megastar has a state-of-the-art wheat processing plant in Punjab, India, with an installed capacity of 81000 MT per year. The company has had 62 employees including Key Managerial Personnel.
Objects of the Issue
1 To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 3,160.33 | 3,081.85 | 2,007.93 |
| Total Revenue | 9,776.25 | 7,804.31 | 4,450.16 |
| Profit After Tax | 105.86 | 58.92 | 28.15 |
Company Contact Information
Megastar Foods Limited
Plot No. 807
Industrial Area, Phase-II
Chandigarh-160102
Phone: +91-0172-5005024
Email: info@megastarfoods.com
Website: http://www.megastarfoods.com
Megastar Foods IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Megastar Foods IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
