Tamilnad Mercantile Bank And Mega Flex Plastics IPO Is Coming

Tamilnad Mercantile Bank And Mega Flex Plastics IPO Is Coming

  • September 05, 2022
  • Business & Economy

 

Tamilnad Mercantile Bank IPO -

Banking has always been amongst high profit giving sectors. Private sector banks are well known for making good profits. One of the oldest in India, Tamilnad Mercantile Bank has offered IPO in September. The bake works for retail as well as all kinds of MSME customers. Due to targeting MSME customers, its range varies from agriculture to business. Having versatility in the base of customers decreases the chances of making a loss and increases credibility of the bank. With more than 350 branches across India in most of the states, it has a wide reach to people. The bank was established in 1921, so people have relied on it for a century.

 

Why to invest in this IPO -

  • It focuses on keeping costs low for retail current and saving accounts.
  • Performance has been flawless over the years.
  • Growth track record is immaculate.

 

Important dates to remember -

IPO date is 5 to 7th September 2022. Allotments will be on 12th September and refunds will be initiated from the next day 13th September. Shares will be credited on the Demat account on September 14th and it will be listed on 15th September.

 

Face value will be Rs. 10 per share. Lot size will be 28 and the offered price of IPO will be Rs 500 to Rs 525. It will be listed on both BSE and NSE.

 

Let's have a look at the financials of the company-

 

Time period up to

March 2020

March 2021

March 2022

Assets (in Cr)

42758.8

47527.17

52858.49

Revenue (in Cr)

3992.53

4253.4

4656.44

Profit (After Tax) (in Cr)

464.89

654.05

901.9

 

Experts' Opinion -

This bank has announced the IPO to increase the capital of tier-1, so it will need capital for this. It clearly indicates that the bank is performing well. Also the last three financial years have been very beneficial for the bank and the bank has recorded good profits. Investors can expect good returns as the market is showing positive trends towards this IPO.

 

Mega Flex Plastics IPO-

This company makes packaging bags for agricultural products, mainly fruits and vegetables. Sutli and woven fabric are also used in packing bags. Its main plant is situated near Haldia port. Kisan regular, Goldflix, Tiranga and Hena are major brands of the company.

 

Let's have a look at the financials of the company-

 

Time period up to

March 2020

March 2021

March 2022

Assets (in Cr)

2999.93

3200.22

3414.68

Revenue (in Cr)

3343.16

3108.53

4739.16

Profit (After Tax) (in Cr)

219.85

128.87

265.93

 

 

Why to invest in this IPO -

  • The company trades with European Countries which speaks about good profits for the company.
  • It has a methodical working culture with an organized team which operates it very well.
  • It has good relationships with suppliers and also it offers a variety of products.

 

Important dates to remember -

IPO date is 6 to 9th September 2022.

Face value will be Rs. 10 per share. Lot size will be 3000 shares and the offered price of IPO will be Rs 40. It will be listed on both BSE and NSE.

 

Experts' Opinion -

Company has offered its IPO to meet the requirements of the capital, so the company has not been facing losses so far. Company will be decreasing its share holding to 73.32%. Investors are looking at it as a long term investment. Company is fluctuating in its profits. This segment is under crisp competition and hence this industry has not high potential to expand, investing in it, cannot be assured for good returns.

 

Ishan International IPO-

Ishan International Limited has been working since 1995. It is well known for its projects of supplying machines required for many kinds of plants like pharmaceuticals, sugar and also for systems to control pollution. Their machines are up to the mark which speaks for its credibility in the market. Company is working in heavy engineering departments and supplying to many of the ASEAN countries like Indonesia and Philippines.

 

Let's have a look at the financials of the company-

 

Time period up to

March 2020

March 2021

March 2022

Assets (in Cr)

1530.53

1704.15

1854.78

Revenue (in Cr)

2708.4

2271.2

1752.1

Profit (After Tax) (in Cr)

39.62

15.05

120.73

 

Why to invest in this IPO -

  • This is a valuable company in southeast Asia which speaks of its good business policy and adept engineers in the group.
  • It delivers projects timely and that too without compromising with the quality which increases its business potential.
  • Company has fulfilled the requirements of its clients with a finely established supply chain.

 

Important dates to remember -

IPO date is 9 to 14th September 2022.

Face value will be Rs. 10 per share. Lot size will be 1600 shares and the offered price of IPO will be Rs 80. It will be listed on both BSE and NSE.

 

Experts' Opinion -

Company is decreasing its shares to 65.21% which is a good chance for investors to grab this offer. Although the profits of the company have been fluctuating due to pandemic and disrupted supply chains during the times, the company has good potential and it can bounce back. Experts are of the opinion that this company can gain its pace really fast.

 

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