► Upstox (₹20/trade)

Mega Flex Plastics IPO GMP, Price, Review, Allotment & Analysis

Table of Contents

Mega Flex Plastics IPO date is fixed, The IPO will open on September 6 and will close on September 9, 2022. Mega Flex Plastics is an NSE SME IPO to raise ₹11.40 crores via IPO. The Mega Flex Plastics IPO price band is fixed at ₹40 with a market lot of 3000 shares.

Mega Flex Plastics Limited is a leading Leno Bags manufacturer in Eastern India. The Leno Bags are used for packaging agricultural products. They also manufacture Woven Fabric, Technical Textile Material, and Sutli (twins). They are also part of a group of other businesses of manufacturing of rigid plastic packaging products and paper packaging products, warehousing, etc.

TMega Flex Plastics has a production capacity of 22.61 million Bags per year. The factory is situated in Polypark, Howrah, which is one of the best industrial parks in West Bengal with the best infrastructure. Their brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena. The company export Leno Bags to European countries. You can check Mega Flex Plastics IPO subscription status and Mega Flex Plastics IPO allotment status on their respective pages.

Objects of the Issue:

  • To meet the working capital requirements.
  • To meet the Issue Expenses.
  • General Corporate Purpose.

Mega Flex Plastics IPO Review

  • May Apply

Mega Flex Plastics IPO GMP Live Rates day by day with Kotak rates.

Date
GMP
KostakSubject to
19 September₹12₹-₹25000

Mega Flex Plastics IPO Date & Price Band

 Mega Flex Plastics IPO Open: September 6, 2022
 Mega Flex Plastics IPO Close: September 9, 2022
 Mega Flex Plastics IPO Size: Approx ₹11.40 Crores, 2,850,000 Equity Shares
 Face Value:  ₹10 Per Equity Share
 Mega Flex Plastics IPO Price Band:  ₹40 Per Equity Share
 Mega Flex Plastics IPO Listing on:  NSE SME
 Retail Quota:  50%
 QIB Quota:  -%
 NII Quota:  50%
 DRHP Draft Prospectus:  Click Here
 RHP Draft Prospectus:  Click Here

Mega Flex Plastics IPO Market Lot

The Mega Flex Plastics IPO minimum market lot is 4000 shares with a ₹120,000 application amount.

 Minimum IPO Lot Size: Minimum 4000 shares for 1 lot
 Minimum Amount:  ₹120,000 for 1 lot

Mega Flex Plastics IPO Allotment & Listing Dates

The Mega Flex Plastics IPO date is September 6 and the IPO close date is September 9. The IPO allotment date is September 15 and the IPO might list on September 20.

 Mega Flex Plastics IPO Open Date: September 6, 2022
 Mega Flex Plastics IPO Close Date: September 9, 2022
 Basis of Allotment:  September 15, 2022
 Refunds:  September 16, 2022
 Credit to Demat Account:  September 19, 2022
 Mega Flex Plastics IPO Listing Date:  September 19, 2022

Mega Flex Plastics IPO Form

How to apply Mega Flex Plastics IPO? You can apply Mega Flex Plastics IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mega Flex Plastics IPO in the Invest section. The other option you can apply Mega Flex Plastics IPO via IPO forms download via the NSE website. Check out the Mega Flex Plastics forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Mega Flex Plastics Company Financial Report

₹ in Crores

RevenueExpensePAT
2020₹33.43₹29.18₹2.20
2021₹31.09₹28.29₹1.29
2022₹47.39₹43.18₹2.66

Mega Flex Plastics IPO Valuation – FY2022

Check Mega Flex Plastics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

 Earning Per Share (EPS):  ₹15.16 per Equity Share
 Price/Earning P/E Ratio:  2.64
 Return on Net Worth (RoNW): 8.56%
 Net Asset Value (NAV):  ₹176.99 per Equity Share

Peer Group

  • N/A

Company Promoters

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

Mega Flex Plastics IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://online.cameoindia.com/

Mega Flex Plastics IPO Allotment Status

Check Mega Flex Plastics IPO allotment status on Cameo website URL. Click Here

Mega Flex Plastics IPO Lead Managers

  • Finshore Management Services Limited

Company Address

Mega Flex Plastics Limited
4, Ho Chi Minh Sarani,
Suite-2A, 2nd Floor,
Kolkata – 700071
Phone: +91 98742 45045
Website: http://www.megaflex.co.in/

Mega Flex Plastics IPO FAQs


What is Mega Flex Plastics IPO?

Mega Flex Plastics IPO is an NSE SME IPO. They are going to raise ₹11.40 Crores via IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on NSE.

When Mega Flex Plastics IPO will open?

The IPO is to open on September 6, 2022 for NII, and Retail Investors.

What is Mega Flex Plastics IPO Investors Portion?

The investors’ portion for QIB is -%, NII is 50%, and Retail is 50%.

How to Apply the Mega Flex Plastics IPO?

You can apply Mega Flex Plastics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Mega Flex Plastics IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Mega Flex Plastics”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Mega Flex Plastics IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Mega Flex Plastics”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Mega Flex Plastics IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Mega Flex Plastics”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Mega Flex Plastics IPO Size?

Mega Flex Plastics IPO size is ₹11.40 crores.

What is Mega Flex Plastics IPO Price Band?

Mega Flex Plastics IPO Price Band is ₹40 per equity share.

What is Mega Flex Plastics IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹120,000.

What is Mega Flex Plastics IPO Allotment Date?

Mega Flex Plastics IPO allotment date is September 15, 2022.

What is Mega Flex Plastics IPO Listing Date?

Mega Flex Plastics IPO listing date is September 19, 2022. The IPO to list on NSE SME.

Note: The Mega Flex Plastics IPO details are announced officially. The IPO grey market premium (Mega Flex Plastics IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

Share the Post:
Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published.

OPEN DEMAT ACCOUNT