M.V.K. Agro Food Product Ltd IPO
M.V.K. Agro Food Product Ltd is an NSE SME IPO listed on the NSE SME platform, priced at ₹120 per share. The stock debuted at ₹79. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,44,000.
M.V.K. Agro Food Product Ltd IPO
- IPO Dates
- Feb 29, 2024 – Mar 4, 2024
- Price band
- ₹120 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- ₹65.88 Cr
- Lot size
- 1200
- Allotment Date
- Mar 5, 2024
- Listing
- Mar 7, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 29, 2024
Open Date
Completed
-
Mar 4, 2024
Close Date
Completed
-
Mar 5, 2024
Allotment Date
Completed
-
Mar 7, 2024
Listing Date
Completed
M.V.K. Agro Food Product Ltd IPO Essentials
M.V.K. Agro Food Product Ltd IPO Details
M.V.K. Agro Food Product Ltd IPO is priced at ₹120 per share with a total issue size of 65.88 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹120 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,490,000 shares(aggregating up to ₹65.88 Cr)
- Total issue size
- 54,90,000 shares
(aggregating up to ₹65.88 crore) - Fresh issue
- 54,90,000 shares
(aggregating up to ₹65.88 crore) - Listing at
- NSE SME
- List price
- 79.0
- Listing date
- Registrar
- Mas Services Limited
- Lead manager
-
Horizon Management Private Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,44,000 |
| Retail(max) | 1 | 1200 | ₹1,44,000 |
| NII (min) | 2 | 2,400 | ₹2,88,000 |
M.V.K. Agro Food Product Ltd IPO Reservation
M.V.K. Agro Food Product Ltd IPO reservation details show category-wise allocation of shares. Out of the total 5,490,000 shares, approximately 47.5% for retail investors, and 5.01% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 274,800 (5.01%) | |
| Retail Shares Offered | 2,607,600 (47.5%) | |
| Total Shares Offered | 5,490,000 (100%) |
M.V.K. Agro Food Product Ltd IPO Analytics
M.V.K. Agro Food Product Ltd IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
M.V.K. Agro Food Product Ltd IPO Subscription Status
M.V.K. Agro Food Product Ltd IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹3.77/-
- EPS Post IPO
- ₹5.55/-
- P/E Pre IPO
- 31.79
- P/E Post IPO
- 21.61
Returns
- ROE
- 32.85%
- ROCE
- 13.44%
- RoNW
- 32.85%
- PAT Margin
- 4.02
Fundamentals
- Debt / Equity
- 6.84
- Price / Book
- 4.49
M.V.K. Agro Food Product Ltd Financials( In Lakhs)
| 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 |
| Net Worth | 1,337.67 | 960.22 | 640.41 |
| Reserves & Surplus | 837.67 | 460.22 | 140.41 |
| Total Borrowing | 9,156.10 | 6,001.32 | 7,496.33 |
M.V.K. Agro Food Product Ltd Company & Offer Insights
About M.V.K. Agro Food Product Ltd
February 2018-incorporated and manufacturing of sugar integrated with all related products are under MVK Agro Food Product Limited, whose crushing licensed capacity is at 2,500 TCD. By-product products that it sells are 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. Besides 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.
It is a zero-waste manufacturing company. Waste is either sold or used for generating power.
Revenue from Operations for the Six Months ended September 30, 2023, and for the fiscal years 2023, 2022, and 2021, stood at ₹6,012.52 lakhs, ₹9,327.65 lakhs, ₹13,067.11 lakhs, and ₹2,283.40 lakhs, respectively.
The manufacturing facility of the company is situated at Nanded District, Maharashtra.
The number of employees in the various departments as on September 30, 2023 is 160.
M.V.K. Agro Food Product Ltd Promoter(s)
Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale are the company's promoters of M.V.K. Agro Food Product Ltd.
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| M.V.K. Agro Food Product Ltd | 7.55 | 7.55 | 26.75 | 15.9 | 28.22 | 4.49 | Consolidated |
| Ugar Sugar Works Ltd. | 9.16 | 9.16 | 19.63 | 8.85 | 46.14 | 4.13 | Consolidated |
| Dwarikesh Sugar Industries Ltd. | 5.57 | 5.57 | 39.29 | 15.6 | 14.08 | 2.21 | Consolidated |
| Balrampur Chini Mills Ltd. | 13.94 | 13.94 | 143.52 | 28.78 | 9.6 | 2.8 | Consolidated |
| Dhampur Sugar Mills Ltd. | 23.72 | 23.72 | 15.71 | 10.48 | 0.15 | 15.83 | Consolidated |
Notes:
- Financial information for the Company is derived from the Restated Financial Statements as at and for the Fiscal 2023 without considering the effect of bonus issue undertaken on December 19, 2023.
- P/E Ratio is calculated based on EPS of March 31, 2023, without adjustment for bonus shares.
- P/E Ratio is computed based on the closing price on BSE Limited.
- Return on Net Worth (%) = Profit for the year ended March 31, 2023, divided by Total Equity of the Company as on March 31, 2023.
- NAV is computed as the Total Equity of the Company as on March 31, 2023, divided by the outstanding number of equity shares as on March 31, 2023.
Contact Information
Contact Details
M.V.K. Agro Food Product Ltd
+91 862 309 4480
GUT No. 44 and 46, Kusumnagar, At Post, Waghalwada, Umari, Nanded – 431 807
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
M.V.K. Agro Food Product Ltd IPO is a Fixed Priced IPO worth ₹65.88 crore. The issue price is ₹120 per share (fixed price). The IPO opens on Feb 29, 2024 and closes on Mar 4, 2024. It will be listed on NSE SME Platform. Mas Services Limited is the registrar.
The issue price of M.V.K. Agro Food Product Ltd IPO is ₹120 per share (fixed price).
The lot size of M.V.K. Agro Food Product Ltd IPO is 1200 shares.
The minimum investment for M.V.K. Agro Food Product Ltd IPO is approximately ₹1,44,000 based on the issue price .
M.V.K. Agro Food Product Ltd IPO opens on Feb 29, 2024 and closes on Mar 4, 2024.
The allotment date of M.V.K. Agro Food Product Ltd IPO is Mar 5, 2024.
M.V.K. Agro Food Product Ltd IPO is expected to be listed on Mar 7, 2024, on NSE SME Platform.
M.V.K. Agro Food Product Ltd IPO valuation snapshot: P/E 21.61, EPS ₹5.55/-, P/B 4.49, RoNW 32.85%, and market cap N/A.
To apply for M.V.K. Agro Food Product Ltd IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of M.V.K. Agro Food Product Ltd IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for M.V.K. Agro Food Product Ltd IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check M.V.K. Agro Food Product Ltd IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the M.V.K. Agro Food Product Ltd IPO allotment status on IPO Ji for quick and easy access.