Contents—1)Introduction,
2)Objective
3)Annual Report
4)Important Date
Mega Flex Plastics Limited is primarily involved in manufacturing of Leno Bags which are used fo r packaging agricultural products like potatoes, onions, garlic, coconuts, fruits and vegetables. The company is also manufacturing Woven Fabric and Sutli.
Mega Flex Plastics Limited IPO date is fixed, IPO will open on September 6 and will close on September 9, 2022. Mega Flex Plastics is an NSE SME IPO to raise ₹11.40 crores via IPO. The Mega Flex Plastics IPO price band is fixed .
Mega Flex Plastics Ltd’s Rs. 11.40 Crore Public Issue On NSE Platform Opens For Subscription On Sept 6
- Mumbai September 3—https://upstox.com/open-account/?f=4LB6Y8 Packaging Solutions company, Mega Flex Plastics Ltd – one of the leading manufacturers of Leno Bags used for packaging of agricultural products and Woven Fabrics is scheduled to open its Rs. 11.40 crore public issue for subscription on September 6. Company received approval to launch its public issue on SME Emerge Platform of National Stock Exchange
- 2). Company’s state-of-the-art plant for manufacturing PP Leno Bags is situated at Sudha Ras Food & Poly Park Howrah in the state of West Bengal, India. The plant is strategically located on NH-6, about 120 km from international all-weather port of Haldia and around 30 kms from Kolkata port, which gives it excellent connectivity and transport facilities.
- 3) The company’s brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena.
4) Plastic Container for Paints, Lubricants, Greases , paper packaging products Example Corrugated Boxes and Mono Boxes,and logistics & warehousing —https://upstox.com/open-account/?f=4LB6Y8
Competitive Strength 1)Organizational stability along with management expertise.
2) Smooth flow of operations.https://allideass.com/mega-flex-plastics-limited-ipo-9-sep-2022/
3) Well-defined organizational structure.
4) Existing Supplier Relationship.
5) Wide range of Products.
Mega Flex Plastics Limited IPO important date and Details:
| Event | Date |
|---|---|
| Mega Flex Plastics IPO Opening Date | Sep 6, 2022 |
| Mega Flex Plastics IPO Closing Date | Sep 9, 2022 |
| Basis of Allotment | Sep 14, 2022 |
| Initiation of Refunds | Sep 15, 2022 |
| Credit of Shares to Demat | Sep 16, 2022 |
| Mega Flex Plastics IPO Listing Date | Sep 19, 2022 |
Mega Flex Plastics Limited IPO Lot Size—-
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Mega Flex Plastics Limited IPO Objects —–
A. To meet the working capital requirements
B. To meet the Issue Expenses
C. General Corporate Purposes
Mega Flex Plastics Limited IPO Annual Report— Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 2999.93 | 3343.16 | 219.85 | 2710.33 | 2534.89 |
| 31-Mar-21 | 3200.22 | 3108.53 | 128.87 | 2839.2 | 2663.75 |
| 31-Mar-22 | 3414.68 | 4739.16 | 265.93 | 3105.13 | 2929.68 |
| Amount in ₹ Lakhs |
Mega Flex Plastics IPO important Date—
| Mega Flex Plastics IPO Date | Sep 6, 2022 to Sep 9, 2022 |
| IPO Face Value | ₹10 per share |
| IPO Price | ₹40 per share |
| IPO Lot Size 1lot | 3000 Shares |
| Total Shares: | 2,850,000 shares |
| Fresh Issue | 2,850,000 shares of ₹10 (aggregating up to ₹11.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Mega Flex Plastics Limited IPO Promoter Holding–
| Pre Issue Share Holding | 99.79% |
| Post Issue Share Holding | 73.32% |
Mr. Mohan Lal Parakh, aged about 77 years, is the Promoter, Chairman and Wholetime Director of the company. His career spans about 6 decades. He has been involved in widely diverse industries, namely, plastic processing, oil milling, hosiery, food processing, foundry etc.
. Mr. Hukum Chand Bothra, aged about 56 years, is Promoter cum Managing Director of the Company. He is associated with the Company for a very long time and is among one of the faces who lead the company .
Mr. Rakesh Sethia, aged about 50 years, is the Promoter cum Executive Director of the Company. He is the son of Late Anup Chand Sethia who was founder of the Company. He is a member of the Institute of Chartered Accountants of India and holds a Bachelor’s Degree in Commerce from University of Calcutta.