M.V.K. Agro Food Product Ltd IPO
NSE SMEListed On: Mar 7, 2024 at ₹ 79.0
₹ 288000 /2400 Shares
*Min Investment
29 Feb, 2024
Open Date04 Mar, 2024
Close Date05 Mar, 2024
Allotment Date07 Mar, 2024
Listing DateM.V.K. Agro Food Product Ltd IPO Issue Details
- Issue Price ₹120 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 54,90,000 shares(aggregating up to ₹65.88 crore)
- Fresh Share 54,90,000 shares(aggregating up to ₹65.88 crore)
- Listing at NSE SME
- List Price 79.0
- Listing Date 2024-03-07
- Lead Manager Horizon Management Private Limited
- Registrar Mas Services 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 offers total 5,490,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,607,600 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| 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 Details
M.V.K. Agro Food Product Ltd IPO is an SME IPO, priced at ₹120 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 54,90,000 equity shares, aggregating up to ₹65.88 crores..
The IPO bidding window is open from Feb 29, 2024 to Mar 4, 2024. The allotment is expected to be finalized on Mar 5, 2024, and the tentative listing date is Mar 7, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Mas Services Limited, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
M.V.K. Agro Food Product Ltd IPO Subscription Analysis And 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
M.V.K. Agro Food Product Ltd Company Financials
| 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 M.V.K. Agro Food Product Ltd 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)
Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale
Pre Issue Share Holding : 100%
Post Issue Share Holding : 64.56%
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 Details
M.V.K. Agro Food Product Ltd
GUT No. 44 and 46, Kusumnagar, At Post, Waghalwada, Umari, Nanded – 431 807
+91 862 309 4480
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
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 M.V.K. Agro Food Product Ltd IPO price band is set between ₹120 per equity share.
Ans. To apply for M.V.K. Agro Food Product Ltd 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 M.V.K. Agro Food Product Ltd IPO allotment status online.
