The Megastar Foods IPO date has been confirmed from May 14, 2018 and ended on May 16, 2018. Read the post to learn about Megastar Foods IPO GMP.
Megastar Foods Developers is offering its IPO at a fixed price of Rs 8.04 crores. Each share in the Megastar Foods Developers IPO is priced at ₹30. Applications should be for a minimum of 4000 Shares. Retail investors are required to invest at least ₹120,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
May 14-16
Price Range
₹30 per share
Face Value
₹10 per share
GMP
₹366.05
Megastar Foods IPO GMP
The Megastar Foods IPO GMP Today is ₹366.05.
IPO Overview
Megastar Foods’ IPO is valued at Rs 8.04 crores. Megastar Foods’ IPO bidding period ran from May 14, 2018, to May 16, 2018. Listing on the BSE SME occurred on May 24, 2018. The IPO valuation for Megastar Foods values each share at ₹30. Megastar Foods IPO GMP Today is ₹366.05. An application requires a lot size, which amounts to 4000 shares. A minimum investment of ₹120,000 is mandatory for retail investors to participate.
Megastar holds an FSSAI license, an Organic Certificate issued by Ecocert India Pvt. Ltd. in accordance with India’s National Programme for Organic Production Standards, and is HALAL certified by HALAL India Pvt. Ltd. Operating a cutting-edge wheat processing plant in Punjab, India, with an annual capacity of 81000 MT, the company employs 62 individuals, including key management personnel.
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 Size | 2,680,000 shares (aggregating up to ₹8.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 136,000 shares |
Megastar Foods Company Financials
| 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) | — | |
Megastar Foods IPO Listing Details
| Listing Date | May 24, 2018 |
| BSE Script Code | 541352 |
| NSE Symbol | MEGASTAR |
| ISIN | INE00EM01016 |
| Final Issue Price | ₹30 per share |
Company Profile
Founded in 2011, Megastar Foods Limited is renowned for its production of food-based goods, specializing in wheat flour, organic wheat flour products, and complementary flour merchandise. Fundamentally, the company specializes in manufacturing wheat-centric foodstuffs like Atta flour goods, Maida products, Semolina, Wheat Bran, and an array of organic wheat variations. 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 Wheat product processing (pre cleaning, cleaning, milling, sifting) and packaging in HDPE laminated bags and Poly Pouch bags by Intertek Certification Limited, United Kingdom.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Megastar Foods Limited |
| Phone number | +91-0172-5005024 |
| Email ID | [email protected] |
| Website | megastarfoods.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Megastar Foods IPO FAQs
When Megastar Foods IPO will open?
The Megastar Foods IPO opens on May 14, 2018 and closes on May 16, 2018.
What is the lot size of Megastar Foods IPO?
Megastar Foods IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
When is Megastar Foods IPO allotment?
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 [.].
When is Megastar Foods IPO listing date?
The Megastar Foods IPO listing date is on May 24, 2018.
