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Megastar Foods IPO is a fixed price issue of Rs 8.04 crores.
Megastar Foods IPO bidding started from May 14, 2018 and ended on May 16, 2018. The shares got listed on BSE SME on May 24, 2018.
Megastar Foods IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Swastika Investmart Ltd is the book running lead manager of the Megastar Foods IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Megastar Foods IPO RHP for detailed information.
| IPO Date | May 14, 2018 to May 16, 2018 |
| Listing Date | May 24, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,680,000 shares (aggregating up to ₹8.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 136,000 shares |
Megastar Foods IPO offers 2,816,000 shares. 1,272,000 (45.17%) to NII, 1,272,000 (45.17%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 136,000 (4.83%) |
| Other Shares Offered | 1,272,000 (45.17%) |
| Retail Shares Offered | 1,272,000 (45.17%) | Other Shares Offered | 136,000 (4.83%) |
| Total Shares Offered | 2,816,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2011, Megastar Foods Limited is engaged in the manufacturing of food-based products such as wheat flour, organic wheat flour products, and allied flour products. Basically, the company produces food products related to wheat i.e. Atta-wheat flour products, Maida-Fine wheat flour products, Suji/Rawa-Semolina, Chokar/Wheat Bran, Organic Atta, Organic Whole Wheat flour and Organic wheat flour etc.
Megastar is an FSSC 22000 certified company for food safety systems including ISO 22000:2005, ISO 22002-1:2009 and additional FSSC 22000 requirements in respect of Processing (Pre Cleaning, Cleaning, milling, Sifting) of Wheat products like Atta, Maida, Suzi, Bran and its packaging in HDPE laminated bags and Poly Pouch bags by Intertek Certification Limited, United Kingdom. The Company is having FSSAI license, Organic Certificate for in accordance with the requirements of India's National
Programme for Organic Production Standards by the Ecocert India Pvt. Limited, HALAL certified by HALAL India Pvt. Ltd etc.
Megastar has a state of the art wheat processing plant in Punjab, India, with an installed capacity of 81000 MT per year. The company has have 62 employees including Key Managerial Personnel.
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,160.33 | 3,081.85 | 2,007.93 | 1,313.84 | 286.15 | |
| Total Revenue | 9,776.25 | 7,804.31 | 4,450.16 | 785.36 | -- | |
| Profit After Tax | 105.86 | 58.92 | (28.15) | (0.11) | -- | |
The Objects of the Issue are:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda]
Considering its track record so far and reasonable pricing, investors may park funds for long term.
Read detail review...The Megastar Foods IPO is subscribed 1.70 times on May 16, 2018 5:00:00 PM. The public issue subscribed 1.52 times in the retail category, times in the QIB category, and 1.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.88 |
| Retail | 1.52 |
| Total | 1.70 |
| Listing Date | May 24, 2018 |
| BSE Script Code | 541352 |
| NSE Symbol | MEGASTAR |
| ISIN | INE00EM01016 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹30.50 |
| ₹30.50 |
| ₹31.95 |
| ₹31.00 |
Megastar Foods Limited
Plot No. 807
Industrial Area, Phase-II
Chandigarh-160102
Phone: +91-0172-5005024
Email: info@megastarfoods.com
Website: http://www.megastarfoods.com
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Megastar Foods IPO is a SME IPO of 2,680,000 equity shares of the face value of ₹10 aggregating up to ₹8.04 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on May 14, 2018, and closes on May 16, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Megastar Foods IPO opens on May 14, 2018 and closes on May 16, 2018.
Megastar Foods IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Megastar Foods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Megastar Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Megastar Foods IPO allotment status.
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