MVK Agro Food IPO Details ( MVK Agro Food Limited IPO Review )
(29 Feb 2024 – 4 Mar 2024)
Established in February 2018, MVK Agro Food Product Limited is a company that manufacturing sugar and related products. They have the permission to crush 2,500 tons of sugarcane per day and sell the by-products like Molasses, Bagasse, and Pressmud.
MVK Agro sells its products through brokers, who then sell to big companies like PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, and Britannia Industries Limited. Apart from brokers, the company also supplies goods to export-focused traders like Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
The company takes pride in operating a waste-free manufacturing facility. Any waste produced is either sold or used to generate power.
For the six months ending on September 30, 2023, and the fiscal years 2023, 2022, and 2021, the revenues from operations were ₹6,012.52 lakhs, ₹9,327.65 lakhs, ₹13,067.11 lakhs, and ₹2,283.40 lakhs, respectively.
Their manufacturing facility is situated in Nanded District, Maharashtra.
As of September 2023, MVK Agro has 160 employees working in different departments.
MVK Agro Food Limited IPO Competitive Strength
- Setting up of a greenfield unit for manufacturing Ethanol and Bio-CNG and Fertilizer
- Increasing operational efficiency
- Investing in exportable capacity
- Strengthen our brand value and create awareness for our new products
- Strengthen our marketing network
- Value proposition for consumers
MVK Agro Food IPO Financials Performance ( Results )
MVK Agro Food Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 11,445.70 | 2,583.10 | 140.41 | 1.67 | 640.41 | 140.41 | 7,496.33 |
| 31-Mar-22 | 11,602.06 | 13,263.56 | 319.81 | 3.20 | 960.22 | 460.22 | 6,001.32 |
| 31-Mar-23 | 15,471.93 | 9,393.63 | 377.45 | 3.77 | 1,337.67 | 837.67 | 9,156.10 |
| 30-Sep-23 | 14,804.05 | 6,044.36 | 430.07 | 4.30 | 1,767.74 | 1,267.74 | 6,281.23 |
Objective of MVK Agro Food IPO 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.
MVK Agro Food IPO Basic Details
| IPO Date | Feb 29, 2024 to Mar 4, 2024 |
| Listing Date | Thursday, March 7, 2024 |
| Face Value | ₹10 per share |
| Price | ₹120 per share |
| Lot Size | 1200 Shares |
| Issue Size | 5,490,000 shares of ₹10 (aggregating up to ₹65.88 Cr) |
| Fresh Issue | 5,490,000 shares of ₹10 (aggregating up to ₹65.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 15,490,000 |
| Company Promoters | Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale |
MVK Agro Food IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
MVK IPO Timetable
MVK IPO will open on February 29, 2024 and close on March 4, 2024. You can join MVK IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 29 February 2024 (Thursday) |
| Closing Date | 4 March 2024 (Monday) |
| Basis of Allotment | 5 March 2024 (Tuesday) |
| Initiation of Refunds | 6 March 2024 (Wednesday) |
| Credit of Shares to Demat | 6 March 2024 (Wednesday) |
| Listing Date | 7 March 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 4 March 2024 |
MVK Agro Food IPO Lot Size
For retail investors in MVK Agro Food IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹144,000 |
| Retail (Max) | 1 | 1200 | ₹144,000 |
| S-HNI (Min) | 2 | 2400 | ₹288,000 |
MVK Agro Food IPO Promoter Holding
The company’s promoters include Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 64.56% |
MVK Agro Food Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 185.88 |
| Earning Per Share (EPS) | ₹3.77 per Equity Share |
| Net Asset Value (NAV) | ₹13.38 per Equity Share |
| P/E Ratio (P/E) (x) | 21.61 |
| Post P/E Ratio (P/E) (x) | 31.79 |
| Return on Net Worth (RoNW) (%) | 32.85 |
| Return on equity (ROE) (%) | 32.85 |
| Return on Capital Employed (ROCE) (%) | 13.44 |
| Debt/Equity Ratio | 6.84 |
| Price/Book Value Ratio | 4.49 |
MVK Agro Food IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 4 March 2024 | ₹5 | – | – |
| 3 March 2024 | ₹5 | – | – |
| 2 March 2024 | ₹5 | – | – |
| 1 March 2024 | ₹30 | – | – |
MVK Agro Food IPO Detail Video:
MVK Agro Food IPO Subscription Status (Bidding Detail)
The MVK Agro Food IPO on March 4, 2024 at 7:30:00 PM was subscribed 8.46 times, with the retail category being subscribed 13.01 times, the other category being subscribed 3.90 times.
| Category | Subscription |
| Other | 3.90x |
| Retail | 13.01x |
| Total | 8.46x |
MVK Agro Food IPO Prospectus
| MVK Agro Food IPO DRHP | Download |
| MVK Agro Food IPO RHP | Download |
| MVK Agro Food IPO Anchor Investors Details PDF | Download |
MVK Agro Food IPO Rating
| Our Rating | 2.5/5.0 |
MVK Agro Food Company Contact Information
MVK Agro Food Limited
Registered Office: GUT No. 44 and 46, Kusumnagar, At Post Waghalwada, Umari, Nanded – 431 807, Maharashtra, India
Telephone: +91 862 309 4480
E-mail: info@mvkagrofood.com
Website: www.mvkagrofood.com
Contact Person: Swapna Rajaram Bansode, Company Secretary and Compliance Officer
CIN: U15316MH2018PLC304795
Promoter of Our Company: Marotrao Vyankatrao Kawale
MVK Agro Food IPO Registrar
Link Intime India Private Limited
Registered Office: T-34, 2nd Floor, Okhla Industrial Area, Phase-II New Delhi- 110 020
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
E-mail: ipo@masserv.com
Website: www.masserv.com
Investor grievance: investor@masserv.com
SEBI Registration No.: INR000000049
Contact Person: N. C. Pal
MVK Agro Food IPO Lead Manager
Registered Office: 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata- 700 001, West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
E-mail: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Investor grievance: investor.relations@horizon.net.co
SEBI Registration Number: INM000012926
Contact Person: Manav Goenka
MVK Agro Food IPO FAQs
What is the lot size of MVK Agro Food IPO?
The total size of MVK Agro Food IPO is ₹65.88 crores and this is a complete fresh Issue.
When will MVK Agro Food IPO start?
MVK Agro Food IPO will open from 29 February 2024 and IPO will close on 4 March 2024.
What is the open date of MVK Agro Food IPO?
MVK Agro Food IPO will open date from 29 February 2024.
What is the last date ( close date ) of MVK Agro Food IPO?
MVK Agro Food IPO will close from 4 March 2024.
What is the price band of MVK Agro Food IPO?
MVK Agro Food IPO price band is ₹120.
What is the minimum amount required to apply for MVK Agro Food IPO?
The minimum investment for retailers to apply for MVK Agro Food IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of MVK Agro Food IPO?
View gray market premium of MVK Agro Food IPO by Clicking Here
How much is the GMP of MVK Agro Food IPO?
Watch MVK Agro Food IPO GMP Today: Click Here
What is the allotment date of MVK Agro Food IPO?
The allotment date of MVK Agro Food IPO is 5 March 2024.
How to check allotment status in MVK Agro Food IPO?
To check the allotment status of MVK Agro Food IPO, first of all go to the registrar website by clicking here, select your bad MVK Agro Food IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of MVK Agro Food IPO?
The listing date of MVK Agro Food IPO is 7 March 2024.
How much will be the listing gain in MVK Agro Food IPO?
View listing gain of MVK Agro Food IPO by Clicking Here
How much time MVK Agro Food IPO is subscribed?
Total 8.46 times subscribed in MVK Agro Food IPO out of which 13.01 times subscription was done in retail quota, 3.90 times subscription in other quota.
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