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Open
6 Sep 2022
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Close
9 Sep 2022
3
Allotment
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Listing
Mon, Sep 19, 2022
Price Band
₹40 per share
Issue Size
28,50,000 shares (agg. up to ₹11 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Sep 19, 2022
Latest GMP
₹24
Est. Gain
60%
✦ AI Insight
GMP Trend
19-09-2022₹24Est. ₹64+60%
16-09-2022₹16Est. ₹56+40%
15-09-2022₹20Est. ₹60+50%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 45.51x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 34.15 | 32.00 | 30.00 |
| Total Income | 47.39 | 31.09 | 33.43 |
| Profit After Tax | 2.66 | 1.29 | 2.20 |
| NET Worth | 31.05 | 28.39 | 27.10 |
| Reserves and Surplus | 29.30 | 26.64 | 25.35 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Cool Caps Industries Ltd. | SME | ₹11.63 Cr | ₹38 | 16.38 | ₹37.65 | -0.92% | ₹21.00 (+0.00%) |
| Clara Industries Ltd. | SME | ₹3.02 Cr | ₹43 | null | ₹44.00 | +2.33% | ₹36.19 (+3.40%) |
| D.K.Enterprises Global Ltd. | SME | ₹7.99 Cr | ₹40 | null | ₹43.30 | +8.25% | ₹67.95 (+7.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirements | 10.17 |
| 2 | Issue related expenses | 0.48 |
| 3 | General corporate expenses | 0.75 |
About Mega Flex Plastics IPO
Mega Flex Plastics Limited is primarily engaged in manufacturing of Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits and vegetables. The company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The company operates in two segments: Manufacturing of Leno Bags, PP Fabrics, Sutli (Fibrillated Twisted Thread) and trading of Polypropylene Granules. The company's plant is strategically located on NH-6, about 120 km from the international all-weather port of Haldia and around 30 km from Kolkata port, which gives it excellent connectivity and transport facilities. The company's brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena. The company also export Leno Bags to European countries. Competitive Strengths: Organizational stability along with management expertise. Smooth flow of operations. Well-defined organizational structure. Existing Supplier Relationship. Wide range of Products. + Read More
Contact Details
Mega Flex Plastics Ltd. Address4, Ho Chi Minh SaraniSuite-2A2nd FloorKolkata, West Bengal, 700071+91 98742 45045compliance@megaflex.inVisit Website