Mega Flex Plastics IPO

Mega Flex Plastics Limited IPO – All you need to know

Mega Flex Plastics IPO will hit Dalal street on 06 September 2022. the company aims for an issue size of ₹11.40 Cr through this fixed price issue IPO.

Mega Flex Plastics Limited

The company is primarily engaged in manufacturing Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits, and vegetables. It 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 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 exports Leno Bags to European countries.

Major Competitive Strengths

  • Organizational stability.
  • Superb management expertise.
  • Highly defined organizational structure.
  • Strong Relationship with suppliers.
  • Diversified product portfolio.

Objects of the Issue

  • Working capital requirements.
  • For meeting the Issue Expenses.
  • General Corporate Purposes.

Basic details about the company

Full nameMega Flex Plastics Limited
SectorPlastic products
IndustryPlastic products

Dates to remember

IPO Opening date07 September 2022
IPO Closing09 September 2022
Basis of Allotment– September 2022
Initiation Refunds– September 2022
Credit to Demat Account– September 2022
Listing Date– September 2022

Mega Flex Plastics IPO Details

Subscription Dates6 – 9 September 2022
Issue TypeFixed Price Issue
Price BandINR 40 per share
Fresh issue28,50,000 shares (INR 11.40 crore)
Offer For SaleNil
Total IPO size28,50,000 shares (INR 11.40 crore)
Minimum bid (lot size)3,000 share
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Mega Flex Plastics IPO Lot Size

Retail (Min)13000₹120,000
Retail (Max)13000₹120,000

Mega Flex Plastics Financial Performance

Net income219.85128.87265.93
(Figures are in ₹ Lakhs)

Mega Flex Plastics Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio2.64
RONW (%)8.114.548.56
Debt/Equity ratio0.010.01
ROCE (%)

Company Promoters

  • M/s. Channel Plastics Private Limited
  • Mr. Rakesh Sethia
  • Mr. Mohan Lal Parakh
  • Mr. Hukum Chand Bothra

Mega Flex Plastics IPO Promoter Holding

Pre Issue Share Holding99.79%
Post Issue Share Holding73.32%

Lead Manager(s)

  • Finshore Management Services Limited

Mega Flex Plastics IPO Registrar

Cameo Corporate Services Limited
Subramanian Building,
#1, Club House Road,
Chennai – 600 002, India
Phone: +91-44-40020700, 28460390

Mega Flex Plastics Contact Details

Mega Flex Plastics Limited
4, Ho Chi Minh Sarani, Suite-2A,
2nd Floor, Kolkata – 700071,
West Bengal, India
Phone: +91 98742 45045

Mega Flex Plastics IPO Allotment Status

Mega Flex Plastics IPO allotment will be available on Cameo Corporate Services’ website.

Click on this link to get allotment status.

Final thoughts

Mega Flex Plastics IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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