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Megastar Foods Limited IPO (Megastar Foods IPO) Detail

May 14, 2018 - May 16, 2018

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.

Company Promoters:

The Promoters of the Company are Mr. Vikas Goel and Mr. Vikas Gupta. They are holding 45,96,560 Equity Shares which in the aggregate, constitutes 63.63% of the issued and paid-up Equity Share capital of the Company

Company Financials:

Summary of financial Information (Restated)
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) --

Objects of the Issue:

The Objects of the Issue are:

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Megastar Foods IPO Details

IPO Opening Date May 14, 2018
IPO Closing Date May 16, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹30 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At BSE SME
Issue Size2,680,000 Eq Shares of ₹10
(aggregating up to ₹8.04 Cr)

Megastar Foods IPO Lot Size

The Megastar Foods IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹120,000
Maximum 1 4000 ₹120,000

Megastar Foods IPO Review

Considering its track record so far and reasonable pricing, investors may park funds for long term.

Read detail review...

Megastar Foods IPO Subscription Status (Bidding Detail)

The Megastar Foods IPO is subscribed 1.70 times on 5/16/2018 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)

CategorySubscription (times)
NII1.88
Retail1.52
Total1.70

Megastar Foods IPO Prospectus

Megastar Foods IPO Rating

40
3.7
Rating:Rated 3.7 stars
Vote Here ...

Megastar Foods IPO Listing Date

Listing Date Thursday, May 24, 2018
BSE Script Code 541352
NSE Symbol
Listing In MT Group of Securities
ISIN INE00EM01016
IPO Price ₹30 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹30.50
₹30.50
₹31.95
₹31.00

Company Contact Information

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

Megastar Foods IPO Registrar

Skyline Financial Services Private Ltd

Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Megastar Foods IPO Reviews / Ratings

Megastar Foods IPO FAQs

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 equity 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 order quantity is 4000 Shares.

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, Edelweiss, 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.

The Megastar Foods IPO listing date is on Thursday, May 24, 2018.

Megastar Foods IPO Message Board

Ranked Members  Ranked Members

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32 Comments

15. PARTH B PATEL |Jun 12, 2018 8:28:27 PM
Hii Every one! Any News About Sarveshwar Food? What to Do In Sarveshwar?
14. uday patel |Jun 9, 2018 11:48:08 AM
I sold at 31
14.1. Small Investor |Jun 9, 2018 2:30:34 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
ab to chidiya chug gay khet
13. Tejas pandya |Jun 1, 2018 3:41:59 PM
Sarveshwar food ka baap nikla yeh megastar foods..Rs.37...
13.1. kvb |Jun 5, 2018 1:01:51 PM
What happened with sarveshwar foods forum ?
12. IPOANALYSIS |May 22, 2018 2:35:12 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
sell on listing if get a chance or any gains
it will drift lower and not to be hold for long term
swastika issues doing badly
12.3. IPOANALYSIS |May 25, 2018 11:43:45 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
thisstock has hardly moved. my last message says sell if get gains as it wont last too long .
god know what you mean as you seems to think its gone up 50 pc.

lol 50 paisa here and there will happen
12.4. Adityasingh |Jun 8, 2018 11:18:39 PM
Wrong prediction again as usual. LOLZ
11. uday patel |May 24, 2018 12:15:27 PM
What is the Target Price for this?
11.1. uday patel |May 24, 2018 12:15:57 PM
Should I hold this or sell
10. Daya Nand |May 22, 2018 2:49:05 PM
Listing date of Megastar Foods is 24-05-2018
9. Ranjiv Goyal |May 22, 2018 12:31:06 AM
Allotment out
Link http://www.skylinerta.com/display_application.php?app=745
9.1. Hariprasad |May 22, 2018 1:06:13 PM
Thank you.

When is listing? Tomorrow?
8. Yudi " |May 16, 2018 12:37:07 PM
@DownriteVJ Are you applying for this?
8.1. Yudi " |May 16, 2018 12:38:20 PM
And Innovators Facade Systems Limited IPO?
8.2. DownriteVJ |May 16, 2018 6:34:14 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Nope.

Yes i did apply in Innovators.
7. RAJAKUMAR |May 16, 2018 4:26:17 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Ankur
HNI NOT CROSSED 2 TIMES HENCE I AM NOT APPLYING.
6. RAJAKUMAR |May 16, 2018 12:17:32 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Ankur,
This is also we consider because Hni already subscribed nearly 2 times. This counter also we watch till 3 pm and apply.
5. RVSIPO |May 15, 2018 6:39:38 PM
Any Suggestion to subscribe or not ?
4. Daya Nand |May 14, 2018 9:36:19 PM
Apply Megastar Foods ltd for decent return. For last three fiscals it has posted an average EPS of Rs. 1 per share and an average RoNW of 9.52%. Issue is priced at a P/BV of 2.18 on the basis of NAV of Rs. 13.75 as on 31.12.17 and at a P/BV of 1.83 on the basis of post issue NAV of Rs. 16.40. If we annualize latest earnings and attribute it on fully diluted equity post issue then asking price is at a P/ E of around 25 plus against industry average of 38. As per offer documents it has shown DFM Food as its listed peer which is trading at a P/E of around 65 (as on 11.05.18). Thus issue appears reasonably priced.
4.1. papon |May 14, 2018 10:41:46 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Dilip davda aur Aapka Soch kitne milte julte hai
4.2. DownriteVJ |May 15, 2018 4:58:33 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
kya baat hai.. 1st comment on this portal.....woh bi copy paste
3. AyushGoel |May 15, 2018 2:50:34 AM
Apply for listing gains, atleast 10%, If subscription figure reaches above 2 times before 2 pm last day
3.1. DownriteVJ |May 15, 2018 4:57:17 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
kya baat hai.. 1st comment on this portal..
2. Ranjiv Goyal |May 14, 2018 8:54:10 PM
Apply with long term view. Will give Rs. 7-8 listing gain.
1. Johny |May 14, 2018 8:52:35 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
IPO Analysis/Umang/SecTheta/DownRite - Is it Apply or Avoid?
1.3. IPOANALYSIS |May 14, 2018 4:18:57 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Avoid for me.
1.4. Johny |May 14, 2018 5:31:10 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
@IPOAnalysis Thank you