Incorporated on 18 November, 2003. It is classified as a public limited company and is located in Kolkata, West Bengal. Mega Flex Plastics Limited is primarily engaged in manufacturing of Leno Bags which is used for packaging of agricultural produces like potatoes, onions, garlic, coconuts, fruits and vegetables. 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.
Our bags are trusted upon by the customers. Our brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, Hena. The Lenoflex is most preferred brand for storage of potato when the farmer looks for the quality. We also export Leno Bags to European countries and our quality is well accepted there also. We also produce Sutli (fibrillated Twisted Thread) as per the demand.
We have all the required facilities in house, which includes captive power generation unit, UPS, water treatment plant etc. We have well equipped laboratory to ensure quality check at all levels of production. We have our own fleet of vehicles to ensure timely delivery even to remote places.
Competitive Strengths
- Organizational stability along with management expertise.
- Smooth flow of operations.
- Well-defined organizational structure.
- Existing Supplier Relationship.
- Wide range of Products.
Company Promoters
- M/s. Channel Plastics Private Limited
- Mr. Rakesh Sethia
- Mr. Mohan Lal Parakh
- Mr. Hukum Chand Bothra
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Revenue | 4,739.16 | 3,108.53 | 3,343.16 |
| Total Expense | 4318.48 | 2,829.38 | 2,977.96 |
| Profit Before Tax | 370.78 | 220.75 | 282.88 |
| Profit After Tax | 265.93 | 128.87 | 219.85 |
Object Of The Issue
- To meet the working capital requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Mega Flex Plastic IPO – Details
| IPO Opening Date | 06 September 2022 |
| IPO Closing Date | 09 September 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹11.4 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Mega Flex Plastic IPO – Date Schedule
| IPO Open Date | 06 September 2022 |
| IPO Close Date | 09 September 2022 |
| Basis of Allotment Date | 14 September 2022 |
| Initiation of Refunds | 15 September 2022 |
| Credit of Shares to Demat Account | 16 September 2022 |
| IPO Listing Date | 19 September 2022 |
Mega Flex Plastic IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,20,000 |
| Maximum | 1 | 3000 | 1,20,000 |
Mega Flex Plastic IPO Promoter Holding
| Pre Issue Share Holding | 99.79% |
| Post Issue Share Holding | 73.32% |
Mega Flex Plastic IPO Prospectus
Company Contact Information
| Mega Flex Plastic Limited 4, Ho Chi Minh Sarani, Suite-2A, 2nd Floor, Kolkata – 700071, West Bengal, India Phone: +91 98742 45045 Email: compliance@megaflex.in Website: https://www.megaflex.co.in/ |
Mega Flex Plastic IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://online.cameoindia.com/ |
Mega Flex Plastic IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Mega Flex Plastic IPO FAQs
| What is Mega Flex Plastic IPO? Mega Flex Plastic IPO is a SME IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on NSE SME. |
| When Mega Flex Plastic IPO will open? The IPO is to open on 06 September 2022 for NII and Retail Investors. |
| What is Mega Flex Plastic IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Apply the Mega Flex Plastic IPO? You can apply Mega Flex Plastic IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Mega Flex Plastic IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mega Flex Plastic”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Mega Flex Plastic IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mega Flex Plastic”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Mega Flex Plastic IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Mega Flex Plastic”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Mega Flex Plastic IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Mega Flex Plastic”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Mega Flex Plastic IPO Size? Mega Flex Plastic IPO size is ₹11.4 crores. |
| What is Mega Flex Plastic IPO Price Band? Mega Flex Plastic IPO Price Band is ₹40. |
| What is Mega Flex Plastic IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 shares with ₹1,20,000. |
| What is the Mega Flex Plastic IPO Allotment Date? Mega Flex Plastic IPO allotment date is 14 September 2022. |
| What is the Mega Flex Plastic IPO Listing Date? Mega Flex Plastic IPO listing date is 19 September 2022. The IPO is to list on NSE SME. |
