Mega Flex Plastics Limited IPO Review, GMP, Subscription Status and Allotment

Mega Flex Plastics Limited IPO Opening, Closing, Allotment, Refund and Listing Date

IPO Opening DateSeptember 6, 2022
IPO Closing DateSeptember 9, 2022
Basis of AllotmentSeptember 15, 2022
Initiation of RefundsSeptember 16, 2022
Credit of Shares to DematSeptember 19, 2022
IPO Listing DateSeptember 20, 2022

Mega Flex Plastics Limited IPO Details

Infurnia Holdings Limited IPO Price BandRs.40 Per Equity Share
IPO Lot SizeMinimum 10000 shares for 1 lot
Minimum AmountRs.1,00,000 for 1 lot
IPO SizeApprox. Rs.11.40 Crores
Listing AtBSE, NSE
Offer for Sale2,850,000 Equity Shares
Retail Quota:50%
QIB Quota:
NII Quota:50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Mega Flex Plastics Limited IPO GMP (Grey Market Premium)

DateGMPKostakSubject to
9 SeptemberRs.9Rs.25000

Mega Flex Plastics Limited IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions
Non-Institutional Buyers52.82
Retail Investors37.72
Employees
Others
Total45.27

Subscription Details (times)

Mega Flex Plastics IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Sep 6, 2022
1.491.431.46
Day 2
Sep 7, 2022
2.203.782.99
Day 3
Sep 8, 2022
4.669.887.27
Day 4
Sep 9, 2022
52.8237.7245.27

Financial Report

Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-202999.933343.16219.852710.332534.89
31-Mar-213200.223108.53128.872839.22663.75
31-Mar-223414.684739.16265.933105.132929.68

IPO Valuation – FY2022

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

Mega Flex Plastics Limited IPO Review

What our Expert say about Mega Flex Plastics Limited IPO ReviewApply

Objects of the Issue

  • Investment in our wholly owned Subsidiary Company for expansion of business.
  • To meet the Issue Expenses.
  • General Corporate Purpose.

IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://online.cameoindia.com/

Peer Group

  • N/A

Company Promoters

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

Company Address

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/

Similar Posts