MVK Agro Food IPO GMP Today ( Grey Market Premium )

MVK Agro Food IPO GMP Today ( Grey Market Premium )

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 NameMVK Agro Food Limited
MVK Agro Food IPO GMP Today₹5
MVK Agro Food IPO Listing Gain4.17%
MVK Agro Food IPO Open DateFebruary 29, 2024
MVK Agro Food IPO Close DateMarch 4, 2024
MVK Agro Food IPO Allotment DateMarch 5, 2024
MVK Agro Food IPO Listing DateMarch 7, 2024
Face Value₹10 per share
Price₹120 per share
Lot Size1200 Shares
Issue Size5,490,000 shares of ₹10
(aggregating up to ₹65.88 Cr)
Fresh Issue5,490,000 shares of ₹10
(aggregating up to ₹65.88 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Company PromotersMarotrao Vyankatrao Kawale,
Sagarbai Marotrao Kawale,
Ganeshrao Vyankatrao Kawale,
Kishanrao Vyankatarao Kawale
and Sandip Marotrao Kawale

MVK Agro Food IPO GMP Today:

DateGMPListing GainKostakSubject to
Today₹54.17%
2 March 2024₹54.17%
1 March 2024₹54.17%

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.)

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