The MVK Agro Food IPO commenced on February 29, 2024, and concluded on March 4, 2024. The allotment of shares took place on March 5, 2024, and the initiation of refunds began on March 6, 2024. The shares were credited to the demat accounts of investors on March 6, 2024. Finally, the listing of MVK Agro Food on the stock exchange occurred on March 7, 2024.
The MVK Agro Food IPO was priced at ₹120 per share, with a lot size of 1200 shares. The total issue size was ₹65.88 crores, comprising a fresh issue of ₹65.88 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
MVK Agro Food IPO Basic Details
| Company Name | MVK Agro Food Limited |
| MVK Agro Food IPO GMP Today | ₹5 |
| MVK Agro Food IPO Listing Gain | 4.17% |
| MVK Agro Food IPO Open Date | February 29, 2024 |
| MVK Agro Food IPO Close Date | March 4, 2024 |
| MVK Agro Food IPO Allotment Date | March 5, 2024 |
| MVK Agro Food IPO Listing Date | 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 |
| Company Promoters | Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale |
MVK Agro Food IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹5 | 4.17% | – | – |
| 2 March 2024 | ₹5 | 4.17% | – | – |
| 1 March 2024 | ₹5 | 4.17% | – | – |
MVK Agro Food IPO Details:
Established in February 2018, MVK Agro Food Product Limited specializes in making sugar and related products. Our manufacturing plant, located in Nanded District, Maharashtra, has a licensed capacity to crush 2,500 TCD (tonnes of cane per day). We not only produce sugar but also sell by-products like Molasses, Bagasse, and Pressmud.
Our products are distributed through brokers, who collaborate with major export houses such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, and Britannia Industries Limited. Additionally, we supply commodities to export-oriented traders like Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
Committed to sustainability, our manufacturing facility operates with zero waste. Any generated waste is either sold or utilized to generate power, reflecting our dedication to environmental responsibility.
For the six months ending September 30, 2023, and the fiscal years 2023, 2022, and 2021, our revenues from operations were ₹6,012.52 lakhs, ₹9,327.65 lakhs, ₹13,067.11 lakhs, and ₹2,283.40 lakhs, respectively.
As of September 2023, we have a team of 160 employees working across various departments to contribute to our success and growth.
MVK Agro Food IPO More Details Click Here
MVK Agro Food IPO FAQs
When is MVK Agro Food IPO open?
MVK Agro Food IPO will open on 29 February 2024.
When is MVK Agro Food IPO Close?
MVK Agro Food IPO will be closed on 1 March 2024.
What is MVK Agro Food IPO GMP Today?
The MVK Agro Food IPO GMP aka Grey Market Premium is ₹5.
What is MVK Agro Food IPO Kostak Rates Today?
The MVK Agro Food IPO Kostak Rate is ₹000.
What is MVK Agro Food IPO Subject to Sauda Price Today?
The MVK Agro Food IPO subject to sauda rates is ₹000.
MVK Agro Food IPO Expected Returns?
The MVK Agro Food expected return is 4.17%.
How much will be the listing gain in MVK Agro Food IPO?
MVK Agro Food IPO will get listing gain of 4.17%. (Approx.)
