M.V.K. Agro Food Product Ltd IPO
M.V.K. Agro Food Product Ltd IPO bidding starts from February 29, 2024 and ends on March 4, 2024. The allotment for the M.V.K. Agro Food Product Ltd IPO is expected to be finalized on March 5, 2024. M.V.K. Agro Food Product Ltd IPO will list on NSE SME with tentative listing date fixed as March 7, 2024. M.V.K. Agro Food Product Ltd IPO price band is set at ₹120 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹1,44,000.
Important Dates:-
| Particulars | Value |
|---|---|
| Open Date:- | February 29, 2024 |
| Close Date:- | March 4, 2024 |
| Allotment Date:- | March 5, 2024 |
| Listing Date:- | March 7, 2024 |
About M.V.K. Agro Food Product Ltd :-
Established in February 2018, MVK Agro Food Product Limited is a leading manufacturer specializing in integrated sugar production and associated products. With a licensed crushing capacity of 2,500 TCD, the company's product range includes Molasses, Bagasse, and Pressmud.
MVK Agro Food Product Limited distributes its offerings through intermediaries such as brokers, who in turn supply to prominent export houses like PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, and Britannia Industries Limited. Additionally, the company caters to export-oriented traders such as Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
Operating with a commitment to sustainability, the company maintains a zero-waste manufacturing facility, ensuring that generated waste is either sold or utilized for power generation purposes.
Revenue figures for the six-month period ending September 30, 2023, and 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.
Situated in Nanded District, Maharashtra, the company's manufacturing facility serves as a pivotal hub for its operations.
As of September 2023, MVK Agro Food Product Limited boasts a dedicated workforce comprising 160 employees across various departments.
Contact Details :-
Address:- M.V.K. Agro Food Product Ltd GUT No. 44 and 46 Kusumnagar, At Post Waghalwada, Umari, Nanded – 431 807
Phone:- +91 862 309 4480
E-mail:- info@mvkagrofood.com
Website:- https://mvkagrofood.com/
IPO Details :-
| Particulars | Value |
|---|---|
| IPO Type:- | SME |
| Price:- | ₹120 |
| Lot Size:- | 1200 |
| Minimum Amount for 1 Lot:- | ₹1,44,000 |
| Listing At:- | NSE SME |
| Total issue of Shares:- | 54,90,000 |
| Total issue Size:- | ₹65.88 Crore |
| Fresh issue of Shares:- | 54,90,000 |
| Fresh issue Size:- | ₹65.88 Crore |
| Face Value:- | ₹10 per Equity Share |
Financial Information :-
Amount in ₹ Lakh
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14,804.05 | 15,471.93 | 11,602.06 | 11,445.70 |
| Revenue | 6,044.36 | 9,393.63 | 13,263.56 | 2,583.10 |
| Profit After Tax | 430.07 | 377.45 | 319.81 | 140.41 |
| Net Worth | 1,767.74 | 1,337.67 | 960.22 | 640.41 |
| Reserves and Surplus | 1,267.74 | 837.67 | 460.22 | 140.41 |
| Total Borrowing | 6,281.23 | 9,156.10 | 6,001.32 | 7,496.33 |
Key Performance Indicator :-
| Particulars | Value |
|---|---|
| Market Cap (₹ in Crore):- | 185 |
| ROE:- | 32.85% |
| ROCE:- | 13.44% |
| Debt/Equity:- | 6.84 |
| RoNW:- | 32.85% |
IPO Registrar :-
Name:- Mas Services Limited
Website:- https://www.masserv.com/opt.asp
IPO Prospectus :-
| Particulars | Link |
|---|---|
| M.V.K. Agro Food Product Ltd IPO DHRP:- | Click Here |
| M.V.K. Agro Food Product Ltd IPO RHP:- | Click Here |
GMP :-
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
|---|---|---|---|
| 26-02-2024 | ₹12 | ₹132 | 10% |
| 27-02-2024 | ₹19 | ₹139 | 15.83% |
| 28-02-2024 | ₹30 | ₹150 | 25% |
| 29-02-2024 | ₹30 | ₹150 | 25% |
| 01-03-2024 | ₹10 | ₹130 | 8.33% |
| 02-03-2024 | ₹5 | ₹125 | 4.17% |
| 03-03-2024 | ₹5 | ₹125 | 4.17% |
| 04-03-2024 | ₹5 | ₹125 | 4.17% |
| 05-03-2024 | ₹5 | ₹125 | 4.17% |
| 06-03-2024 | ₹0 | ₹120 | 0% |
| 07-03-2024 | ₹0 | ₹120 | 0% |
Subscription Details :-
| Date | Retail | Other | Total |
|---|---|---|---|
| February 29, 2024 | 1.56 | 0.56 | 1.06 |
| March 1, 2024 | 5.07 | 0.78 | 2.93 |
| March 4, 2024 | 13.01 | 3.90 | 8.46 |
Allotment Status:-
| Particulars | Link |
|---|---|
| Check Allotment Status (available on March 5, 2024) | Click Here |
Listing Details :-
| Particulars | Value |
|---|---|
| Listing Date:- | March 7, 2024 |
| NSE Symbol :- | MVKAGRO |
| ISIN:- | INE0SGC01015 |
| Final Issue Price:- | ₹120.00 |
| Open:- | ₹79.00 |
| Low:- | ₹75.05 |
| High:- | ₹82.95 |
| Close:- | ₹82.95 |
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