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 RHP

The IPO of M.V.K. Agro Food Product Ltd is priced at ₹120 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Mas Services Limited is the registrar of the issue.

M.V.K. Agro Food Product Ltd IPO bid opening date is from Feb 29, 2024 and the bid closing date was Mar 4, 2024.
M.V.K. Agro Food Product Ltd IPO allotment result will be available on Mar 5, 2024. The tentative listing date for M.V.K. Agro Food Product Ltd is Mar 7, 2024.

The total issue size is 5,490,000 shares(aggregating up to ₹65.88 Cr).

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

ROE

32.85%

ROCE

13.44%

Debt/Equity

6.84

RoNW

32.85%

PAT Margin

4.02

Price to Book Value

4.49

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
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

About The Company

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)

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

Other Details

Company Contact Details

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

Email: info@mvkagrofood.com

Website: https://mvkagrofood.com/

Registrar Contact Details

Mas Services Limited

Phone: (011) 2610 4142

Email: ipo@masserv.com

Website: https://www.masserv.com/opt.asp

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.