Mega Flex Plastics IPO vs Sabar Flex India IPO

Comparision between Mega Flex Plastics IPO and Sabar Flex India IPO.

IPO Details

Mega Flex Plastics IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sabar Flex India IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Mega Flex Plastics IPO	Sabar Flex India IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	GYR Capital Advisors Private Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mega Flex Plastics IPO is up to ₹11.40 Cr whereas the issue size of the Sabar Flex India IPO is up to ₹4.48 Cr. The final issue price of Mega Flex Plastics IPO is ₹40.00 per share and of Sabar Flex India IPO is ₹11.00 per share.

	Mega Flex Plastics IPO	Sabar Flex India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	10000 shares
Fresh Issue Size	28,50,000 shares	40,70,000 shares
Fresh Issue Size (Amount)	up to ₹11.40 Cr	up to ₹4.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,50,000 shares	40,70,000 shares
Issue Size Total (Amount)	up to ₹11.40 Cr	up to ₹4.48 Cr

IPO Timetable

Mega Flex Plastics IPO opens on Sep 06, 2022, while Sabar Flex India IPO opens on Sep 08, 2022. The closing date of Mega Flex Plastics IPO and Sabar Flex India IPO is Sep 09, 2022, and Sep 13, 2022, respectively.

	Mega Flex Plastics IPO	Sabar Flex India IPO
Anchor Bid Date
Issue Open	Sep 06, 2022	Sep 08, 2022
Issue Close	Sep 09, 2022	Sep 13, 2022
Basis Of Allotment (Tentative)	Sep 14, 2022	Sep 16, 2022
Initiation of Refunds (Tentative)	Sep 15, 2022	Sep 19, 2022
Credit of Share (Tentative)	Sep 16, 2022	Sep 20, 2022
Listing date (Tentative)	Sep 19, 2022	Sep 21, 2022
Anchor Lockin End date 1	Oct 14, 2022	Oct 16, 2022
Anchor Lockin End date 2	Dec 13, 2022	Dec 15, 2022

Financials

Mega Flex Plastics IPO P/E ratio is 16.19, as compared to Sabar Flex India IPO P/E ratio of 9.48.

Mega Flex Plastics IPO

Sabar Flex India IPO

Financial

Mega Flex Plastics Limited Financial Information (Restated)
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

Sabar Flex India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	4090.92	6364.32	89.8	1258.44	158.49
31-Mar-21	5162.08	7397.88	139.84	1398.28	298.33
31-Mar-22	5187.24	7237.01	174.28	1572.56	472.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.79%

53.25%

Promoter Shareholding (Post-Issue)

73.32%

39.00%

P/E Ratio

16.19

9.48

Market Cap

₹42.98 Cr.

₹16.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Mega Flex Plastics IPO retail investors (RII) are offered 13,53,000 shares while in Sabar Flex India IPO retail investors are offered 13,53,000 shares. Qualified institutional buyers (QIB) are offered in Mega Flex Plastics IPO and in Sabar Flex India IPO.

	Mega Flex Plastics IPO	Sabar Flex India IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,44,000 shares	2,10,000 shares
QIB
NII	13,53,000 shares	19,30,000 shares
RII	13,53,000 shares	19,30,000 shares
Employee
Others
Total	27,06,000 shares	38,60,000 shares

Bids Received (Subscription)

Mega Flex Plastics IPO subscribed 46.31x in total, whereas Sabar Flex India IPO subscribed 85.47x.

	Mega Flex Plastics IPO	Sabar Flex India IPO
QIB (times)
NII (times)	52.86x	116.46x
Big NII (times)
Small NII (times)
RII (times)	39.75x	54.47x
Employee (times)
Other (times)
Total (times)	46.31x	85.47x

Compare with others

Mega Flex Plastics IPO	Sabar Flex India IPO
Tapi Fruit Processing IPO	Maks Energy IPO
Annapurna Swadisht IPO	Varanium Cloud IPO
Ishan International IPO	Tapi Fruit Processing IPO
Sabar Flex India IPO	Annapurna Swadisht IPO
Shantidoot Infra Services IPO	Ishan International IPO
Viviana Power Tech IPO	Shantidoot Infra Services IPO
Virtuoso Optoelectronics IPO	Mega Flex Plastics IPO
EP Biocomposites IPO	Viviana Power Tech IPO
Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
Ameya Engineers IPO	EP Biocomposites IPO

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