The MVK Agro Food IPO started on February 29, 2024, and ended on March 4, 2024. Shares were allocated on March 5, 2024, and refund processes began on March 6, 2024. On March 6, 2024, the shares were credited to investors demat accounts. MVK Agro Food was officially listed on the stock exchange on March 7, 2024.
During the IPO, MVK Agro Food offered shares at a price range of ₹120 per share, and the lot size was 1200 shares. The total issue size was ₹65.88 crores, with ₹65.88 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
MVK Agro Food IPO Subscription Update Video
MVK Agro Food IPO Subscription Status
The MVK Agro Food IPO on March 4, 2024 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 Basic Details
| Company Name | MVK Agro Food Limited |
| 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 |
About MVK Agro Food Limited
Established in February 2018, MVK Agro Food Product Limited is a company that makes sugar and related products. We have a license to crush 2,500 tons of sugarcane daily and sell by-products like Molasses, Bagasse, and Pressmud.
Our products reach customers through brokers, who then supply to export houses like PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, and Britannia Industries Limited. Besides brokers, we also provide commodities to export-oriented traders such as Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
Our manufacturing facility is eco-friendly, ensuring zero waste. Any waste generated is either sold or used to generate power.
For the six months ending September 30, 2023, and the fiscal years 2023, 2022, and 2021, our operational revenues were ₹6,012.52 lakhs, ₹9,327.65 lakhs, ₹13,067.11 lakhs, and ₹2,283.40 lakhs, respectively.
Situated in Nanded District, Maharashtra, our facility is committed to zero waste and environmental sustainability.
As of September 2023, MVK Agro Food Product Limited proudly employs 160 individuals across various departments.
MVK Agro Food IPO Should you subscribe?
MVK Agro Food IPO More Details Click Here
MVK Agro Food IPO FAQs
What is the start and end date of MVK Agro Food IPO Subscription?
The MVK Agro Food IPO started on February 29, 2024, and ended on March 4, 2024.
When does MVK Agro Food IPO Subscription open?
The MVK Agro Food IPO open on February 29, 2024.
When does MVK Agro Food IPO Subscription close?
The MVK Agro Food IPO Close on March 4, 2024.
What is the allotment date of MVK Agro Food IPO?
The allotment date for MVK Agro Food IPO is March 5, 2024.
When is the initial refund date of MVK Agro Food IPO?
The initial Refund date for MVK Agro Food IPO is March 6, 2024.
When were the shares credited to investors demat accounts for the MVK Agro Food IPO?
The shares for the MVK Agro Food IPO were credited to investors demat accounts on March 6, 2024.
When will MVK Agro Food IPO be listed on the stock market?
MVK Agro Food IPO stock market will be listed on March 7, 2024 at 10 am.
What was the price range of the MVK Agro Food IPO shares?
The MVK Agro Food IPO shares were offered at a price range of ₹120 per share.
What was the lot size for the MVK Agro Food IPO shares?
The lot size for the MVK Agro Food IPO shares was 1200 shares.
What was the total issue size of the MVK Agro Food IPO?
The total issue size of the MVK Agro Food IPO was ₹65.88 crores.
How were the shares allocated among different types of investors for the MVK Agro Food IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the MVK Agro Food IPO listed?
The MVK Agro Food IPO was listed on the NSE SME.
What is the MVK Agro Food IPO Subscription Status?
MVK Agro Food IPO is subscribed 8.46 Times.
