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Megastar Foods IPO is a fixed price issue of ₹8.04 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹8.04 crore.
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 ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,80,000 shares (aggregating up to ₹8.04 Cr) |
| Reserved for Market Maker | 1,36,000 shares (aggregating up to ₹0.4080 Cr) |
| Net Offered to Public | 25,44,000 shares (aggregating up to ₹7.63 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 72,23,700 shares |
| Share Holding Post Issue | 99,03,700 shares |
Megastar Foods IPO offers total 26,80,000 shares. Out of which 12,72,000 (47.46%) allocated to NII, 12,72,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,000 (5.07%) |
| NII (HNI) Shares Offered | 12,72,000 (47.46%) |
| Retail Shares Offered | 12,72,000 (47.46%) |
| Total Shares Offered | 26,80,000 (100.00%) |
Megastar Foods IPO opens on May 14, 2018, and closes on May 16, 2018.
| IPO Open Date | Mon, May 14, 2018 |
| IPO Close Date | Wed, May 16, 2018 |
| Tentative Listing Date | Thu, May 24, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 16, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
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 Company Megastar Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 6.50 |
| 2 | General Corporate Purpose | 1.13 |
[Dilip Davda] <p>Considering its track record so far and reasonable pricing, investors may park funds for long term.</p> Read detail review...
| Listing Date | May 24, 2018 |
| BSE Script Code | 541352 |
| NSE Symbol | MEGASTAR |
| ISIN | INE00EM01016 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.50 |
| Low | ₹30.50 |
| High | ₹31.95 |
| Last Trade | ₹31.00 |
Megastar Foods Ltd.
Plot No. 807
Industrial Area,
Phase-II
Chandigarh, Chandigarh, 160102
Phone: +91-0172-5005024
Email: info@megastarfoods.com
Website: http://www.megastarfoods.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Megastar Foods IPO is a SME IPO of 26,80,000 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.
The IPO opens on May 14, 2018, and closes on May 16, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Megastar Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Megastar Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Megastar Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Megastar Foods IPO opens on May 14, 2018 and closes on May 16, 2018.
Megastar Foods IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Megastar Foods IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
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