
Manufacturing · NSE
Mega Flex Plastics Limited is primarily engaged in the manufacturing of Leno Bags used for packaging agricultural products such as potatoes, onions, garlic, coconuts, fruits, and vegetables, along with producing woven fabric and Sutli (fibrillated twisted thread). The company operates in two key segments—manufacturing Leno Bags, PP fabrics, and Sutli, and trading polypropylene granules. Its manufacturing facility is strategically located on NH-6, about 120 km from the Haldia international port and 30 km from the Kolkata port, ensuring strong connectivity and efficient logistics. Mega Flex markets its products under well-known brands like Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena, and also exports Leno Bags to European countries.
Price Band
₹40
Issue Size
₹11.40 Cr
Lot Size
3000 shares
GMP
+67.5%
Est. Listing
₹67
at current GMP
Subscribed
46.27x
overall
Open
6 Sep 2022
Close
9 Sep 2022
Allotment
15 Sep 2022
Refund
16 Sep 2022
Demat Credit
17 Sep 2022
Listing
20 Sep 2022
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
15 Sep 2022
Basis finalization
Refunds Initiate
16 Sep 2022
Mandate release
Demat Credit
17 Sep 2022
Shares in demat
Listing Debut
20 Sep 2022
Trading begins
Mega Flex Plastics Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹11.4 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-09-17, while un-allotted funds or UPI block mandates will be released on 2022-09-16.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.