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Megastar Foods Limited IPO (Megastar Foods IPO) Detail

May 14, 2018 - May 16, 2018

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.

Megastar Foods IPO Details

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 Size2,680,000 shares
(aggregating up to ₹8.04 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion136,000 shares

Megastar Foods IPO Reservation

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 Offered136,000 (4.83%)
Other Shares Offered1,272,000 (45.17%)
Retail Shares Offered1,272,000 (45.17%)
Other Shares Offered136,000 (4.83%)
Total Shares Offered2,816,000 (100%)

Megastar Foods IPO Lot Size

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

About Megastar Foods Limited

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 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 (Megastar Foods IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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 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)

CategorySubscription (times)

Megastar Foods IPO Prospectus

Megastar Foods IPO Rating

Rating:Rated 3.7 stars
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Megastar Foods IPO Listing Details

Listing Date May 24, 2018
BSE Script Code 541352
Final Issue Price ₹30 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Megastar Foods Limited Contact Details

Megastar Foods Limited
Plot No. 807
Industrial Area, Phase-II
Phone: +91-0172-5005024

Megastar Foods IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Megastar Foods IPO - Buy or Not

Megastar Foods IPO Recommendation Summary

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Members 0 0 0

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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 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.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



15. PARTH B PATEL |   Link |June 12, 2018 8:28:27 PM
Hii Every one! Any News About Sarveshwar Food? What to Do In Sarveshwar?
14. uday patel |   Link |June 9, 2018 11:48:08 AM
I sold at 31
14.1. Small Investor |   Link |June 9, 2018 2:30:34 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
ab to chidiya chug gay khet
13. Tejas pandya |   Link |June 1, 2018 3:41:59 PM
IPO Guru IPO Guru (1600+ Posts, 1200+ Likes)
Sarveshwar food ka baap nikla yeh megastar foods..Rs.37...
13.1. kvb |   Link |June 5, 2018 1:01:51 PM
What happened with sarveshwar foods forum ?
12. IPOANALYSIS |   Link |May 22, 2018 2:35:12 AM
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 |   Link |May 25, 2018 11:43:45 AM
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 |   Link |June 8, 2018 11:18:39 PM
Wrong prediction again as usual. LOLZ
11. uday patel |   Link |May 24, 2018 12:15:27 PM
What is the Target Price for this?
11.1. uday patel |   Link |May 24, 2018 12:15:57 PM
Should I hold this or sell
10. Daya Nand |   Link |May 22, 2018 2:49:05 PM
Listing date of Megastar Foods is 24-05-2018
9. Ranjiv Goyal |   Link |May 22, 2018 12:31:06 AM
Allotment out
9.1. Hariprasad |   Link |May 22, 2018 1:06:13 PM
Thank you.

When is listing? Tomorrow?
8. Yudi �" |   Link |May 16, 2018 12:37:07 PM
@DownriteVJ Are you applying for this?
8.1. Yudi �" |   Link |May 16, 2018 12:38:20 PM
And Innovators Facade Systems Limited IPO?
8.2. DownriteVJ |   Link |May 16, 2018 6:34:14 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)

Yes i did apply in Innovators.
7. RAJAKUMAR |   Link |May 16, 2018 4:26:17 PM (1400+ Posts, 1200+ Likes)
Dear Ankur
6. RAJAKUMAR |   Link |May 16, 2018 12:17:32 PM (1400+ Posts, 1200+ 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 |   Link |May 15, 2018 6:39:38 PM
Any Suggestion to subscribe or not ?
4. Daya Nand |   Link |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 |   Link |May 14, 2018 10:41:46 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Dilip davda aur Aapka Soch kitne milte julte hai
4.2. DownriteVJ |   Link |May 15, 2018 4:58:33 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
kya baat hai.. 1st comment on this portal.....woh bi copy paste
3. AyushGoel |   Link |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 |   Link |May 15, 2018 4:57:17 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
kya baat hai.. 1st comment on this portal..
2. Ranjiv Goyal |   Link |May 14, 2018 8:54:10 PM
Apply with long term view. Will give Rs. 7-8 listing gain.
1. Johny |   Link |May 14, 2018 8:52:35 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
IPO Analysis/Umang/SecTheta/DownRite - Is it Apply or Avoid?
1.3. IPOANALYSIS |   Link |May 14, 2018 4:18:57 PM
Avoid for me.
1.4. Johny |   Link |May 14, 2018 5:31:10 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
@IPOAnalysis Thank you