Mega Flex Plastics Ltd. has announced public offering of 2850000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 1,140.00 lakhs.

The company's initial public offer (IPO) will open on 06 September 2022 and is expected to close on 09 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2850000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Mega Flex Plastics Ltd. anticipates using the proceeds of the issue for

A To meet the working capital requirements

B To meet the Issue Expenses

C General Corporate Purposes.

Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.