Megastar Foods IPO

Megastar Foods IPOBusiness description - Megastar Foods is engaged in the manufacturing of food based products such as wheat flour, organic wheat flour products and allied flour products 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. The company 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 state of the art modern machinery in our wheat processing plant in Punjab, India, with an installed capacity of 81000 MT per year. At present Megastar Foods caters to MNC’s in India and also exports some of its products to United Nations Organization, Europe, United States & Middle East.

Promoters of Megastar Foods – Mr Vikas Goel and Mr Vikas Gupta
Megastar Foods IPO details
Subscription Dates14 - 16 May 2018
IPO Price bandINR30 per share
Fresh issue 2,680,000 shares (INR8.04 crore)
Offer for sale Nil
Total IPO size2,680,000 shares (INR8.04 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
Use of funds
  • Working capital Requirements - INR6.50 crore
  • General Corporate Expenses - INR1.13 crore
  • Issue Expenses - INR0.41 crore
Megastar Foods' financial performance (in INR lakh)
FY2014FY2015FY2016FY20179M FY2018
Total revenue785.44,450.27,804.39,776.37,836.8
Total expenses785.54,425.57,727.49,646.47,730.9
Profit after tax-0.1-28.258.9105.987.1
Megastar Foods' Contact Details

Megastar Foods Limited
Plot No. 807
Industrial Area, Phase-II
Chandigarh - 160 102

Phone: +91 0172 5005 024
Email: [email protected]
Website: www.megastarfoods.com

Megastar Foods IPO Subscription Details
DaySubscription (no. of times)
Day 10.12
Day 21.03
Day 31.61
Megastar Foods Valuation (Latest FY)

Earnings Per Share (EPS): INR1.47

Price/Earnings (P/E) ratio: 20.47

Return on Net Worth (RONW): 14.43%

Net Asset Value (NAV): INR12.29 per share

Registrar of Megastar Foods IPO

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email[email protected]
Website: www.skylinerta.com

Megastar Foods IPO Allotment Status

Megastar Foods IPO allotment status is now available on Skyline Financial Services' website. Click on this link to get allotment status.

Listing performance of Megastar Foods

IPO Opening Date: 14 May 2018

IPO Closing Date: 16 May 2018

Listing Date: 24 May 2018

Listing Price on BSE SME: INR30.5 per share (up 1.67% from IPO price)

Closing Price on BSE SME: INR31 per share (up 3.33% from IPO price)

One thought on “Megastar Foods IPO

  • May 14, 2018 at 11:22 AM
    Permalink

    Any premium on this?

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *