Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Mon, May 14, 2018 - Wed, May 16, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, May 14, 2018
IPO Close
Wed, May 16, 2018
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹29.71 Cr
| IPO Date | 14 to 16 May, 2018 |
| Listed on | Thu, May 24, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,80,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,36,000 shares (agg. up to ₹0.4080 Cr) |
| Fresh Issue (Ex Market Maker) | 25,44,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 25,44,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 72,23,700 shares |
| Share Holding Post Issue | 99,03,700 shares |
| BSE Script Code | 541352 MEGASTAR |
| ISIN | INE00EM01016 |
Megastar Foods IPO comprises a total issue size of 26,80,000 shares. The net offer to the public is 25,44,000 shares, after excluding 1,36,000 shares allotted on a firm basis. Of the Net offer 12,72,000 (50.00%) allocated to NII 12,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,72,000 | 50.00% | 47.46% |
| Retail Shares Offered | 12,72,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,000 | 5.07% | |
| Total Shares Offered | 26,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 6.50 |
| 2 | General Corporate Purpose | 1.13 |
The Megastar Foods IPO is subscribed 1.7 times on May 16, 2018 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.88 | 12,72,000 | 23,92,000 |
| Retail | 1.52 | 12,72,000 | 19,28,000 |
| Total | 1.7 | 25,44,000 | 43,20,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.29 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.50 |
| Low | ₹30.50 |
| High | ₹31.95 |
| Last Trade | ₹31.00 |
Lead Manager Reports
Megastar Foods IPO is a SME IPO of 26,80,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, May 14, 2018, and closes on Wed, 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 Mon, May 14, 2018 and closes on Wed, 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 Thu, May 24, 2018.
