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Packaging Solutions company, Mega Flex Plastics Ltd - one of the leading manufacturers of Leno Bags used for bitcoin packaging of agricultural products and Woven Fabrics is scheduled to open its Rs 11.40 crore public issue for subscription on September 6. Public issue will close on September 9. Get latest articles and stories on Business at LatestLY. Finshore Management Services Ltd is the lead manager of the issue. Proceeds of the public issue will be utilised to fund company's expansion plans, working capital requirements and general corporate purposes. Company received approval to launch its public issue on SME Emerge Platform of National Stock Exchange.
The Lenoflex is most preferred brand for storage of potato when the farmer looks for If you loved this post and you would like to receive much more info relating to Binance
kindly visit the website. the quality. Company also exports Leno Bags to European countries and its quality is well accepted there also. The product which they majorly manufacture i.e., Leno Bags is made from Plastic Granules and BNB is used multiple times for storage of fruits and vegetables. In addition to Leno Bags, the company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). Established in the year 2003, BNB Mega Flex Plastics Ltd is primarily engaged in manufacturing of Leno Bags which is used for packaging of agricultural produces like potatoes, onions, garlic, coconuts, fruits and vegetables. Company's brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, Hena.
Commenting on the development, Hukum Chand Bothra, Managing Director, Mega Flex Plastics Ltd said, "Our focus is on increasing sales volume through expansion, diversification and expand geographical outreach. With this increased production capacity, we shall be able to grow our client base geographically also. In the last few years, we have expanded our operations beyond West Bengal and our emphasis is on catering to other states requirements mainly Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh and Punjab also apart from West Bengal. The company is also pursuing lot of opportunities to increase its production capacity by processing fabrics into bags. We are hopeful that after the proposed public issue, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders while consistently delivering quality products."