M.V.K. Agro Food Product Ltd IPO (M.V.K. Agro Food IPO)

M.V.K. Agro Food Limited IPO
Upcoming M.V.K. Agro Food IPO | New M.V.K. Agro Food IPO

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

M.V.K. Agro Food IPO – Details

IPO Opening Date29 February 2024
IPO Closing Date04 March 2024
Issue TypeFixed Price Issue IPO
Issue Size54,90,000 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterMas Services Limited
NII (HNI) Shares Offered50%
Retail Shares Offered50%

M.V.K. Agro Food IPO – Date Schedule

IPO Open Date29 February 2024
IPO Close Date04 March 2024
Basis of Allotment05 March 2024
Initiation of Refund06 March 2024
Credit of Shares to Demat Account06 March 2024
IPO Listing Date07 March 2024
Cut-off time for UPI mandate confirmation5 PM on 04 March 2024

M.V.K. Agro Food IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11200₹1,44,000
Retail (Maximum)11200₹1,44,000
HNI (Minimum)22400₹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.
M.V.K. Agro Food IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202125.8323.971.4074.96
31 March 2022123.63128.453.1960.01
31 March 202393.9389.023.7791.56
30 September 202360.4454.764.3062.81
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)3.775.55
P/E (x)31.7921.61

M.V.K. Agro Food IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding64.56%

M.V.K. Agro Food IPO Prospectus

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

M.V.K. Agro Food IPO Registrar

Mas Services Limited

Phone: (011) 2610 4142
Email: ipo@masserv.com

M.V.K. Agro Food IPO Lead Manager(s)

1. Horizon Management Private Limited

M.V.K. Agro Food IPO FAQs

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.
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