Mega Flex Plastics Limited

Company Profile
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

Registrar Details

Name Cameo Corporate Services Limited
Phone 91-44-28460390

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%

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