M.V.K. Agro Food Product Ltd IPO

NSE SME

Listed On: Mar 7, 2024 at ₹ 79.0

₹ 144000 /1200 Shares

Check Allotment

M.V.K. Agro Food Product Ltd IPO Details

29 Feb, 2024

Open Date

04 Mar, 2024

Close Date

05 Mar, 2024

Allotment Date

07 Mar, 2024

Listing Date

Issue Price

₹120 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Mas Services Limited

List Price

79.0

Listing Date

2024-03-07

Market Lot

1200 Shares (₹144,000/-)

Lead Manager

Horizon Management Private Limited

Issue Size

5,490,000 shares(aggregating up to ₹65.88 Cr)

Retail Portion

50%

Subscription

8.51 times

IPO Docs

DRHP

M.V.K. Agro Food Product Ltd IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	2,607,600	2,607,600	5,215,200
Day 1 - 29-02-24 06:00 PM	0.56 x	1.56 x	1.06 x
Day 2 - 01-03-24 06:00 PM	0.78 x	5.07 x	2.93 x
Day 3 - 04-03-24 06:00 PM	4.01 x	13.01 x	8.51 x

M.V.K. Agro Food Product Ltd Valuations

EPS Pre IPO

₹3.77/-

EPS Post IPO

₹5.55/-

P/E Pre IPO

31.79

P/E Post IPO

21.61

RoNW

32.85%

M.V.K. Agro Food Product Ltd Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	15,471.93	11,602.06	11,445.70
Revenue	9,393.63	13,263.56	2,583.10
Profit After Tax	377.45	319.81	140.41

About The Company

MVK Agro Food Product Limited is a manufacturer of integrated sugar and other related products. The company has a licensed crushing capacity of 2,500 TCD and sells its by-products, Molasses, Bagasse, and Pressmud.

The company sells its products through brokers who, in turn, sell to export houses such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited and Britannia Industries Limited. In addition to selling its products to brokers, the company also supply commodities to export-oriented traders like Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court and HRMM Agro Overseas Private Limited.

The company operates a zero-waste manufacturing facility. Waste generated is either sold or used to generate power.

The revenues from operations for the six-month period ended September 30, 2023, and the fiscal years 2023, 2022, and 2021 were ₹6,012.52 lakhs, ₹9,327.65 lakhs, ₹13,067.11 lakhs, and ₹2,283.40 lakhs, respectively.

The company's manufacturing facility is located in Nanded District, Maharashtra.

As of September 2023, the company has 160 employees across various departments of the company.

M.V.K. Agro Food Product Ltd - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 64.56%

Company Promoter(s)

Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale

M.V.K. Agro Food Product Ltd IPO - Issue Objectives

Setting up a greenfield unit in Nanded, Maharashtra for (i) manufacturing Ethanol and (ii) generation and bottling of Bio-CNG and Fertilizer
General corporate purposes

M.V.K. Agro Food Product Ltd IPO - FAQs

Ans. M.V.K. Agro Food Product Ltd IPO is a SME IPO. The issue is priced at ₹120 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Feb 29, 2024, and closes on Mar 4, 2024. Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The M.V.K. Agro Food Product Ltd IPO opens on Feb 29, 2024 and closes on Mar 4, 2024.

Ans. The size of M.V.K. Agro Food Product Ltd IPO is 5,490,000 shares(aggregating up to ₹65.88 Cr).

Ans. The IPO price band is set between ₹120 per equity share.

Ans. To apply for M.V.K. Agro Food Product Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find M.V.K. Agro Food Product Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of M.V.K. Agro Food Product Ltd IPO is Mar 5, 2024.

Ans. The M.V.K. Agro Food Product Ltd IPO will be listed on Mar 7, 2024.

Ans. Follow the steps to check the allotment status for M.V.K. Agro Food Product Ltd IPO here.