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SME IPO Status: Listed [6th Sep 2022 to 9th Sep 2022]
Mega Flex Plastics SME IPO comprising fresh issue of Rs 11.40 Cr will be opening from 06 Sept 2022 to 09 Sept 2022. The IPO price is fixed at Rs 40 with a market lot of 3000 shares. The face value of shares is Rs 10 per share. Stay updated with us to know more about the Mega Flex Plastics SME IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.
| SME IPO Issue Opening Date: | 6th Sep 2022 |
| SME IPO Issue Closing Date: | 9th Sep 2022 |
| SME IPO Issue Price: | ₹40 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50 |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹11.40 Cr |
| Fresh Issue: | 28,50,000 shares at ₹40/share [Aggregating to ₹11.40 Cr] |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 99.79% |
| Promoter Holding Post IPO: | 73.32% |
| Allotment Status: | Allotment Status |
| NSE Code: | MEGAFLEX |
Get important updates regarding Mega Flex Plastics SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 14th Sep 2022 |
| Refunds Initiation* | 15th Sep 2022 |
| Credit of Shares to Demat* | 16th Sep 2022 |
| SME IPO Listing Date* | 19th Sep 2022 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹40 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2022 | 40 | 24 | 40000 | ₹64 (60%) | 19-Sep-2022 10:12 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Mega Flex Plastics Limited is engaged in manufacturing of Leno Bags which are used for packaging of agricultural produces. These bags are made from Plastic Granules and is used multiple times for the storage of fruits and vegetables. The company's manufacturing unit is located in Sudha Ras Food & Poly Park (Industrial Park), Howrah. Currently, it has 60 looms with a production capacity of 51.30 million Bags per year. Its brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena.
The company operates in two segments: Manufacturing of Leno Bags, PP Fabrics, Sutli (Fibrillated Twisted Thread), and trading Polypropylene Granules. It also exports Leno bags to European countries. The company is part of a group whose other business interests include the manufacturing of rigid plastic packaging products i.e. Plastic Container for Paints, Lubricants, Greases, etc.; paper packaging products i.e. Corrugated Boxes & Mono Boxes; and logistics & warehousing, etc.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | ₹11.40 Cr | http://www.megaflex.co.in/ |
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,353,000 (50%) | 1,353,000 (50%) | 2,706,000 | |
| 1 | 6th Sep 2022 17:02 | 1.49x | 1.43x | 1.46x |
| 2 | 7th Sep 2022 17:02 | 2.20x | 3.78x | 2.99x |
| 3 | 8th Sep 2022 17:02 | 4.66x | 9.88x | 7.27x |
| 4 | 9th Sep 2022 19:02 | 52.86x | 39.75x | 46.31x |
| Mega Flex Plastics Limited Financials (₹ in Lakhs) | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 |
|---|---|---|---|
| Total Assets | ₹3414.68 | ₹3200.22 | ₹2999.93 |
| Total Income | ₹4739.16 | ₹3108.53 | ₹3343.16 |
| Net Profit/Loss | ₹265.93 | ₹128.87 | ₹219.85 |
Last Updated on 24-Nov-2022 11:02:17
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mega Flex Plastics SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mega Flex Plastics SME IPO with Zerodha.
Alternate approch to apply in Mega Flex Plastics SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Mega Flex Plastics SME IPO Review and Important Updates
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To subscribe or apply in Mega Flex Plastics SME IPO, you can use the following methods:
| Mega Flex Plastics SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Mega Flex Plastics SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Mega Flex Plastics SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Mega Flex Plastics SME IPO. Most of the Syndicate Banks provide access to apply in Mega Flex Plastics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mega Flex Plastics SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Mega Flex Plastics SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Mega Flex Plastics SME IPO Review and Important Updates
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Mega Flex Plastics SME IPO is going to be list on 19-09-2022. NSE Code for Mega Flex Plastics is MEGAFLEX.
Other relevant questions:
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Mega Flex Plastics SME IPO Allotment Date is 14-09-2022.
Other relevant questions:
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