Mega Flex Plastics Limited

Company Name	Mega Flex Plastics Limited
Open Date	06-09-2022
Close Date	09-09-2022
Exchange	NSE SME
Lot Size	3000 Shares
Issue Price	₹ 40 per share
Issue Size	28,50,000 Equity Shares
Application Amount	₹ 1,20,000
Recommendation	Risk_Averse - Should Wait Risk_Seekers - Should Apply

Mega Flex Plastics Limited was incorporated in the year 2003 in West Bengal and is engaged in the business of manufacturing Leno Bags which are used to store and carry agricultural produces like potatoes, onions, garlic, coconuts, fruits and vegetables. Company also manufactures Woven Fabric and Sutli (Fibrillated Twisted Thread. The manufacturing unit is set up at Sudha Ras Food and Poly Park (Industrial Park), Howrah.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-22	Mar-21	Mar-20
Total Assets	3,414.68	3,200.22	2,999.93
Net Assets	3,105.13	2,839.20	2,710.33
Total Borrowings	-	41.01	25.72
Total Revenue	4,739.16	3,108.53	3,343.16
Profit After Tax	265.93	128.87	219.85

Tentative Timeline

Opening Date	06-09-2022
Closing Date	09-09-2022
Basis of Allotment	14-09-2022
Initiation of Refunds	15-09-2022
Credit of Shares to Demat	16-09-2022
Listing Date	19-09-2022

Objects of the Issue

To meet the working capital requirements.

To meet the Issue Expenses

General Corporate Purposes

Contact Information

Registered Office	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/

Offer Documents

Mega Flex Plastics IPO DRHP

Mega Flex Plastics IPO RHP

Registrar Details

Name	Cameo Corporate Services Limited
Phone	91-44-28460390
Email	investor@cameoindia.com
Website	https://ipo.cameoindia.com/

IPO Reservation

Market Maker Shares Offered	144,000 (5.05%)
Other Shares Offered	1,353,000 (47.47%)
Retail Shares Offered	1,353,000 (47.47%)
Total Shares Offered	2,850,000 (100%)

Shareholding Pattern

Share Holding Pre Issue	99.79%
Share Holding Post Issue	73.32%