Mega Flex Plastics Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

06 Sep 2022

Close Date

09 Sep 2022

Allotment

14 Sep 2022

Listing Date

19 Sep 2022

Exchange

NSE SME

Price Band

₹40

Listing Price

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Allotment Status

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Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

28,50,000 shares (aggregating up to ₹11.40 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

78,95,025 shares

Promoters

Post-IPO Holding

1,07,45,025 shares

Promoters

P/E (Pre)

16.19x

UPI Deadline

2022-09-09

Mandate

Anchor AllotmentMon, 05 Sep 2022

Basis of AllotmentWed, 14 Sep 2022

Refund InitiationThu, 15 Sep 2022

Demat CreditFri, 16 Sep 2022

Listing DayMon, 19 Sep 2022

UPI Mandate Deadline2022-09-09

Sale TypeFresh Capital

Net Offer to Public27,06,000 shares (aggregating up to ₹10.82 Cr)

Market Maker Quota1,44,000 shares (aggregating up to ₹0.5760 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Mega Flex Plastics Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Sep 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	144,000	—	₹0.58
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,850,000	100%	₹11.40

IPO Shares Offered

Mega Flex Plastics Ltd. IPO total issue size: ₹11.40 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	144,000	₹0.58	5.05%
Total	2,850,000	₹11.40	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

05 Sep 2022

✓ Done

IPO Open

06 Sep 2022

✓ Done

IPO Close

09 Sep 2022

✓ Done

Allotment

14 Sep 2022

✓ Done

Refunds

15 Sep 2022

✓ Done

Demat Credit

16 Sep 2022

✓ Done

Listing Day

19 Sep 2022

✓ Done

₹40.00

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Issue ₹40.00 Live Price

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

1 Working capital requirements

2 Issue related expenses

3 General corporate expenses

Mega Flex Plastics Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹4,739.2

31-Mar-22

₹3,108.5

31-Mar-21

₹3,343.2

31-Mar-20

Profit After Tax (PAT)

₹265.9

31-Mar-22

₹128.9

31-Mar-21

₹219.9

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	3343.16	3108.53	4739.16
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	219.85	128.87	265.93
Net Worth	2710.33	2839.20	3105.13
Total Assets	2999.93	3200.22	3414.68
Reserves & Surplus	2534.89	2663.75	2929.68
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered28,50,000 (100.00%)

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-Issue Promoter Holding78,95,025 shares

Post-Issue Promoter Holding1,07,45,025 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

investor@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Mega Flex Plastics Ltd. IPO subscribed? ▲

Mega Flex Plastics Ltd. IPO is subscribed 1.00 times by Sep 09, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Mega Flex Plastics Ltd. IPO retail subscription status? ▼

The Mega Flex Plastics Ltd. IPO retail category is subscribed 1.00 times as of 09 Sep 2022. The retail portion is oversubscribed.

How to subscribe Mega Flex Plastics Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 06 Sep 2022 and closes 09 Sep 2022. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2022-09-09.

How many times Mega Flex Plastics Ltd. IPO subscribed? ▼

The Mega Flex Plastics Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Mega Flex Plastics Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Sep 2022. Refunds: on 15 Sep 2022.

When Mega Flex Plastics Ltd. IPO will be listed? ▼

The Mega Flex Plastics Ltd. IPO listing date is 19 Sep 2022, Monday. Listed on: NSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Mega Flex Plastics Ltd. IPO close? ▼

The Mega Flex Plastics Ltd. IPO closes on 09 Sep 2022, Friday. UPI mandate: 2022-09-09. Allotment: 14 Sep 2022. Listing: 19 Sep 2022.

Quick Actions

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Live Price LIVE

Last Price₹40.00

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Issue Price₹40.00

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Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date06 Sep 2022

Close Date09 Sep 2022

Allotment14 Sep 2022

Listing Date19 Sep 2022

ExchangeNSE SME

UPI Deadline2022-09-09