M.V.K. Agro Food Product Limited IPO is an NSE SME IPO. They are going to raise ₹65.88 Crores via IPO. The issue is priced at ₹120 to ₹120 per equity share. The IPO is to be listed on NSE.
M.V.K. Agro Food Product Limited IPO opens for subscription on February 29, 2024, and closes on March 04, 2024. The allotment for the M.V.K. Agro Food Product Limited IPO is expected to be finalized on March 5, 2024. M.V.K. Agro Food Product Limited IPO will list on NSE SME with tentative listing date fixed as Friday, March 7, 2024.
| IPO Details | allotment |
| Minimum Investment ₹144,000 /1 Lot (1200 shares) | Price Range ₹120-₹120 | |
| Max Quantity 1 Lots/1200 Shares | Max Investment ₹144,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 65.88 Cr | Employee Discount ₹0 |
| Total Issue Size 5,490,000 Shares (aggregating up to ₹65.88 Cr) | Share Holding Pree Issue 10,000,000 | Issue Type Fixed price Issue IPO |
| Fresh Issue Share 5,490,000 Shares (aggregating up to ₹65.88 Cr) | Share Holding Post Issue 15,490,000 | Listing At NSE SME |
| Market Maker Portion 274,800 shares (Nikunj Stock Brokers) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 29 Feb 2024 |
| Offer Ends | 04 March 2024 |
| Allotment | 05 March 2024 |
| Refunds | 06 March 2024 |
| Credit of shares to Demat account | 06 March 2024 |
| IPO Listing | 07 March 2024 |
About M.V.K. Agro Food Product Limited
Incorporated in February 2018,
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 supplies commodities to export-oriented traders like Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
The company’s manufacturing facility is located in Nanded District, Maharashtra.
The Company proposes to further diversify its product portfolio by setting up a greenfield unit for manufacturing Ethanol and Bio-CNG and fertilizers. Ethanol is produced after fermentation and distillation of Molasses and can be further purified into Fuel Ethanol, by removing the water content. They intend to create an additional revenue stream using backward integration of their waste material, i.e., Molasses for manufacturing Ethanol and marketing and selling the same for industrial usage. Further, in the said greenfield unit, they propose to set up a separate bio CNG bottling and fertilizer plant for biogas generation and bottling. The by-product generated from the manufacturing of biogas is mainly used as a fertilizer, therefore their Company proposes to market and sell such by-products as a fertilizer to third parties. They propose to generate bio-gas by processing Bagasse and Pressmud further marketing and selling the same for industrial usage.
| Incorporated in | Managing Director |
| 2018 | Mr. Maroti Kawale |
Share Holding
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 64.56% |
M.V.K. Agro Food Product Limited IPO Prospectus
| M.V.K. Agro Food Product Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹9.393.63 | ₹13,263.56 | ₹2,583.10 |
| Assets | ₹15,471.93 | ₹11,602.06 | ₹11,445.70 |
| Profit | ₹377.45 | ₹319.81 | ₹140.41 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 185.88 Cr | ROE | 32.85% |
| P/E (X) | 31.79 | ROCE | 13.44% |
| POST P/E (X) | 21.61 | EPS | 3.77 |
| Debt to Equity | 6.84 | RONW | 32.85% |
Objects of the Issue
The Objects of the company is to raise funds for:
- 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.
Brokerage Firm IPO Review
- To be updated soon
| M.V.K. Agro Food Product Limited Contact Details | |
| Address | M.V.K. Agro Food Product Limited GUT No. 44 and 46 Kusumnagar, At Post Waghalwada, Umari, Nanded – 431 807 |
| Phone: | +91 862 309 4480 |
| info@mvkagrofood.com | |
| Website | https://mvkagrofood.com/ |
| M.V.K. Agro Food Product Limited IPO Registrar | |
| . | Mas Services Limited |
| Phone | (011) 2610 4142 |
| ipo@masserv.com | |
| Website | https://www.masserv.com/opt.asp |
| M.V.K. Agro Food Product Limited IPO Allotment Status Check |
| M.V.K. Agro Food Product Limited IPO Allotment Status Check Click Here |
| M.V.K. Agro Food Product Limited Lead Managers | |
| Horizon Management Private Limited 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata – 700 001, West Bengal, India | |
| Phone | +91 33 4600 0607 |
| smeipo@horizon.net.co | |
| Website | https://www.horizonmanagement.in |
M.V.K. Agro Food Product Limited IPO FAQs
What is M.V.K. Agro Food Product Limited IPO?
- M.V.K. Agro Food Product Limited IPO is an NSE SME IPO. They are going to raise ₹65.88 Crores via IPO. The issue is priced at ₹120 to ₹120 per equity share. The IPO is to be listed on NSE.
- The IPO opens on February 29, 2024, and closes on March 04, 2024.
When M.V.K. Agro Food Product Limited IPO will open?
- The IPO is to open on February 29, 2024, for NII, and Retail Investors. and closes on March 04, 2024
What is M.V.K. Agro Food Product Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is M.V.K. Agro Food Product Limited IPO Size?
- M.V.K. Agro Food Product Limited IPO size is ₹65.88 crores.
What is M.V.K. Agro Food Product Limited IPO Price Band?
- M.V.K. Agro Food Product Limited IPO Price Band is ₹120 to ₹120 per equity share.
What is M.V.K. Agro Food Product Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1200 Shares) with ₹144,000. and Maximum Lot Size 1 Lots (1200 Shares) with ₹144,000
What is M.V.K. Agro Food Product Limited IPO Allotment Date?
- M.V.K. Agro Food Product Limited IPO allotment date is March 05, 2024.
What is M.V.K. Agro Food Product Limited IPO Listing Date?
- M.V.K. Agro Food Product Limited IPO listing date is March 07, 2024. The IPO to list on NSE.