Mega Flex Plastics Ltd - IPO

Mega Flex Plastics Ltd IPO Details

Initial public offer of 28,50,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Mega Flex Plastics Limited (the Company or the Issuer) for cash at a price of Rs. 40/- per equity share, including a share premium of Rs. 30/- per equity share (the Issue Price), aggregating to Rs.11.40 crores (The Issue), of which 1,44,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 40/- per equity share, aggregating to Rs. 0.58 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 27,06,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 40/- per equity share, aggregating to Rs. 10.82 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.52% and 25.18% respectively of the post issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 40/- each i.e., 4 times of the face value of the equity shares. The minimum lot size is 3,000 equity shares.

Objective of issue

Working Capital Requirements. General Corporate Expenses.

Mega Flex Plastics Ltd Contact Details

Mega Flex Plastics Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - compliance@megaflex.co.in

Website - www.megaflex.co.in