MVK Agro Food Product Limited 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.
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. In addition to 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.
The company operates a zero-waste manufacturing facility. Waste generated is either sold or used to generate power.
The company’s manufacturing facility is located in Nanded District, Maharashtra.
As of September 2023, the company has 160 employees across various departments.
M.V.K. Agro Food IPO – Details
| IPO Opening Date | 29 February 2024 |
| IPO Closing Date | 04 March 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 54,90,000 Shares Worth ₹65.88 Crore Fresh Issue: 54,90,000 Shares Worth ₹65.88 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
M.V.K. Agro Food IPO – Date Schedule
| IPO Open Date | 29 February 2024 |
| IPO Close Date | 04 March 2024 |
| Basis of Allotment | 05 March 2024 |
| Initiation of Refund | 06 March 2024 |
| Credit of Shares to Demat Account | 06 March 2024 |
| IPO Listing Date | 07 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 04 March 2024 |
M.V.K. Agro Food IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,44,000 |
| Retail (Maximum) | 1 | 1200 | ₹1,44,000 |
| HNI (Minimum) | 2 | 2400 | ₹2,88,000 |
Competitive Strengths
- Wide range of products.
- Integrated operations and economies of scale.
- Strategic location of its manufacturing unit.
- Cordial and strong relationships with sugarcane farmers.
- Captive Power plant.
- Existing client relationships.
- Quality Assurance and Quality Control of its products.
- Well experienced management team with proven project management and implementation skills.
Company Promoters
- Marotrao Vyankatrao Kawale
- Sagarbai Marotrao Kawale
- Ganeshrao Vyankatrao Kawale
- Kishanrao Vyankatarao Kawale
- Sandip Marotrao Kawale
Object Of The Issue
- 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 25.83 | 23.97 | 1.40 | 74.96 |
| 31 March 2022 | 123.63 | 128.45 | 3.19 | 60.01 |
| 31 March 2023 | 93.93 | 89.02 | 3.77 | 91.56 |
| 30 September 2023 | 60.44 | 54.76 | 4.30 | 62.81 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.85% |
| ROCE | 13.44% |
| Debt/Equity | 6.84 |
| RoNW | 32.85% |
| P/BV | 4.49 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.77 | 5.55 |
| P/E (x) | 31.79 | 21.61 |
M.V.K. Agro Food IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 64.56% |
M.V.K. Agro Food IPO Prospectus
- M.V.K. Agro Food IPO DRHP
- M.V.K. Agro Food IPO RHP
Company Contact Information
| 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/ |
M.V.K. Agro Food IPO Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
M.V.K. Agro Food IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
M.V.K. Agro Food IPO FAQs
| What is M.V.K. Agro Food IPO? M.V.K. Agro Food IPO is a SME IPO. The issue is priced at ₹120 per equity share. The IPO is to be listed on NSE SME. |
| When M.V.K. Agro Food IPO will open? The IPO is to open on 29 February 2024 for NII – 50% and Retail – 50% Investors. |
| How to M.V.K. Agro Food IPO? You can apply M.V.K. Agro Food IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the M.V.K. Agro Food IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “M.V.K. Agro Food”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the M.V.K. Agro Food IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “M.V.K. Agro Food”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is M.V.K. Agro Food IPO Size? M.V.K. Agro Food IPO size is ₹65.88 crores. |
| What is M.V.K. Agro Food IPO Price Band? M.V.K. Agro Food IPO Price Band is ₹120. |
| What is M.V.K. Agro Food IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 1200 Shares with ₹1,44,000 amount while the maximum bid is 1200 shares with ₹1,44,000. |
| What is the M.V.K. Agro Food IPO Allotment Date? M.V.K. Agro Food IPO allotment date is 05 March 2024. |
