M V K Agro Food Product IPO
The initial public offering (IPO) of M.V.K. Agro Food Product will open for subscription on February 29 and close on March 04, comprising fresh issues of Rs. 65.88 Cr. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on March 07, 2024.
#1. Quick Intro to M.V.K. Agro Food Product
M.V.K. Agro Food Product Limited (2018) 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.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of M.V.K. Agro Food Product
The company intends to use the IPO Funds for the following purposes:
- 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.
#3. M.V.K. Agro Food Product Core Strengths
- Wide range of products.
- Integrated operations and economies of scale.
- The strategic location of our manufacturing unit.
- Cordial and strong relationships with sugarcane farmers.
- Captive power plant.
- Quality Assurance and Quality control of our products.
- Well-experienced management team with proven management and implementation skills.
#4. M.V.K. Agro Food Product IPO Review & Rating
| Issue Size | Rs.65.88 Crore |
| Issue Price | Rs.120 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (March 2023) | Rs.377.45 Lakh |
| ROE | 32.85 |
| ROCE | 13.44 |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. M.V.K. Agro Food Product IPO Dates, Price Band & Details
M.V.K. Agro Food Product IPO will open on February 29, 2024, and close on March 04, 2024. The IPO is to be listed on March 07, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.65.88 Crore |
| Price Brand | Rs.120 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 29, 2024 |
| IPO Close Date | March 04, 2024 |
| IPO Allotment Date | March 05, 2024 |
| Refund Date | March 06, 2024 |
| Share Credit Date | March 06, 2024 |
| Listing Date | March 07, 2024 |
#6. M.V.K. Agro Food Product IPO Offer Details
M.V.K. Agro Food Product IPO’s total issue size is 5,490,000. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 5,490,000 | 65.88 |
| Offer for Sale (OFS) | – | – |
#7. M.V.K. Agro Food Product Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 9,393.63 | 13,263.56 | 2,583.10 |
| Net Worth | 1,337.67 | 960.22 | 640.41 |
| Profit | 377.45 | 319.81 | 140.41 |
| Total Borrowings | 9,156.10 | 6,001.32 | 7,496.33 |
#8. M.V.K. Agro Food Product Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 3.77 | 3.20 | 1.67 |
| RoNW (%) | 32.85 | 39.96 | 35.48 |
| NAV (Rs.) | 13.38 | – | – |
#9. M.V.K. Agro Food Product Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Ugar Sugar Works Limited | 1,94,014.95 | 46.14 | 19.63 |
| Dwarikesh Sugar Industries Limited | 2,10,296.00 | 14.08 | 39.29 |
#10. M.V.K. Agro Food Product Company Promoters
The company has one promoter as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Marotrao Vyankatrao Kawale |
#11. M.V.K. Agro Food Product Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 64.56 |
#12. M.V.K. Agro Food Product IPO Reservation Details
M.V.K. Agro Food Product IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 50% of the Issue size |
| Other Shares Offered | 50% of the Issue size |
#13. M.V.K. Agro Food Product IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 144,000 |
| Retail (Max.) | 1 | 1200 | 144,000 |
| HNI (Min.) | 2 | 2,400 | 288,000 |
#14. M.V.K. Agro Food Product IPO – Prospectus Copy
An investor can download/view the M.V.K. Agro Food Product prospectus copy, which the company filed to exchange, details are as follows.
| M.V.K. Agro Food Product IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. M.V.K. Agro Food Product IPO Registrar
MAS Services Limited
Phone No.: +91-112-6387281/83
E-Mail: ipo@masserv.com
Website: www.masserv.com
#16. M.V.K. Agro Food Product IPO Lead Manager
Horizon Management Private Limited
Phone No.: +91-33-46000607
E-Mail: smeipo@horizon.net.co
Website: www.horizon.net.co
#17. M.V.K. Agro Food Product IPO Application (How to Apply for an IPO)
There are three primary options for applying for an M.V.K. Agro Food Product IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “M.V.K. Agro Food Product Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “M.V.K. Agro Food Product Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. M.V.K. Agro Food Product Company Details
M.V.K. Agro Food Product Limited
Registered Office: GUT No. 44 and 46, Kusumnagar, At Post Waghalwada, Umari, Nanded-431807, Maharashtra, India.
Phone No: +91-8623094480
Email: info@mvkagrofood.com
Website: www.mvkagrofood.com
Investor Grievances/Compliance Officer: Swapna Rajaram Bansode
#19. M.V.K. Agro Food Product Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Sai Krupa Dairy & Food Products Private Limited |
| 02. | – |
#20. M.V.K. Agro Food Product Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Marotrao Vyankatrao Kawale |
| 02. | Sagarbai Marotrao Kawale |
M.V.K. Agro Food Product IPO – Frequently Asked Questions (FAQs)
| #1. What is an M.V.K. Agro Food Product IPO?
M.V.K. Agro Food Product brings its IPO of Rs.65.88 Crore, on February 29, 2024, with a price band of Rs.120 per share. |
| #2. What is the M.V.K. Agro Food Product IPO Open date?
M.V.K. Agro Food Product IPO’s opening date is February 29, 2024. |
| #3. What is the M.V.K. Agro Food Product IPO Close Date?
M.V.K. Agro Food Product IPO’s closing date is March 04, 2024. |
| #4. What is the M.V.K. Agro Food Product IPO Listing date?
M.V.K. Agro Food Product’s IPO listing date is March 07, 2024. |
| #5. What is the M.V.K. Agro Food Product IPO Minimum investment amount?
M.V.K. Agro Food Product IPO’s minimum investment amount is Rs. 144,000. |
| #6. What is the M.V.K. Agro Food Product IPO offer issue Size?
M.V.K. Agro Food Product offers an issue size of Rs.65.88 Crore. |
| #7. What is the M.V.K. Agro Food Product IPO Price Band?
M.V.K. Agro Food Product’s IPO price band is Rs.120 per share. |
| #8. Is M.V.K. Agro Food Product IPO mainboard IPO or SME IPO?
M.V.K. Agro Food Product IPO is an SME IPO. |
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