M.V.K. Agro Food Product
M.V.K. Agro Food Product Info
Details about the M.V.K. Agro Food Product IPO. Opening Date of M.V.K. Agro Food Product is 29 Feb 24 and Closing Date is 04 Mar 24 . Face Value of Each share of M.V.K. Agro Food Product is ₹10 per share. Fixed price of M.V.K. Agro Food Product is ₹120. The Lot size of M.V.K. Agro Food Product is 1,200 shares. Total issue size of M.V.K. Agro Food Product IPO is ₹65.88 cr. Fresh Issue of M.V.K. Agro Food Product IPO is 65.88 cr. This is a Fixed Price Issue IPO. Expected to list on NSE SME. Share Holding Pre Issue of M.V.K. Agro Food Product is 10,000,000. Share Holding Post Issue of M.V.K. Agro Food Product is 15,490,000.
Business Summary
M.V.K. Agro Food Product is an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra.
Company operate a single location sugar unit having licensed crushing capacity of 2,500 TCD. In addition to sugar they also commercialise and sell the by-products and waste products, namely, Molasses, Bagasse and Pressmud.
M.V.K. Agro Food Produc is also engaged in the generation of Power for captive consumption. Company's business can hence be broken up into two segments, namely Sugar and its by-products/waste products.
In the year 2020, Company implemented backward integration and began commercial operations of the by-products and waste products of Sugar along with Co-Generation capabilities
M.V.K. Agro Food Product IPO Details
| Open Date | 29 Feb 24 |
|---|---|
| Close Date | 04 Mar 24 |
| Face Value | ₹10 per shares |
| Price | ₹120 |
| Lot Size | 1,200 Shares |
| Total issue Size | 5,490,000 Shares ₹65.88 cr |
| Fresh Issue | 5,490,000 Shares ₹65.88 cr |
| Issue Type | Fixed Price Issue |
| Listing At | NSE SME |
| Share Holding Pre Issue | 10,000,000 |
| Share Holding Post Issue | 15,490,000 |
| Market Maker | Nikunj Stock Brokers |
| Market Maker Portion | 274,800 Shares |
| RHP , DHRP | View RHP, View DRHP |
M.V.K. Agro Food Product IPO Timeline
The M.V.K. Agro Food Product Initial Public Offering (IPO) is set to open on 29 Feb 24 and will end its subscription phase on 04 Mar 24. You can check your allotment status for M.V.K. Agro Food Product on 05 Mar 24. The refund process for your funds will start promptly on 06 Mar 24. M.V.K. Agro Food Product IPO credit of shares will be on 06 Mar 24. The listing date for M.V.K. Agro Food Product is on 07 Mar 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
M.V.K. Agro Food Product IPO Reservation
The M.V.K. Agro Food Product IPO reserves shares for different investor categories. Approximately 50% of the Net Issue will be available for NII, 50% of the Net Issue will be available for Retail,
274,800 Shares will be reserved for subscription by Nikunj Stock Brokers
| Investor Category | Shares Offered |
|---|---|
| NII | 50% of the Net Issue |
| Retail | 50% of the Net Issue |
M.V.K. Agro Food Product IPO Lot Size
Bids can be made for minimum of 1200 shares and in multiple of 1200 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 144,000 |
| Retail (Max) | 1 | 1,200 | 144,000 |
| HNI (Min) | 2 | 2,400 | 288,000 |
M.V.K. Agro Food Product IPO Promoters Holding
Promoters holding details for M.V.K. Agro Food Product in the current issue is as follows: The share holding of promoters before the issue stands at 100%, and after the issue, it has been adjusted to 64.56%.
Promoters of M.V.K. Agro Food Product are Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale, Sandip Marotrao Kawale,
| Share Holding Pre Issue | 100% |
|---|---|
| Share Holding Post Issue | 64.56% |
M.V.K. Agro Food Product Financial Information
Financial performance details for M.V.K. Agro Food Product over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Sept 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 14,804.05 | 15,471.93 | 11,602.06 | 11,445.7 |
| Revenue | 6,044.36 | 9,393.63 | 13,263.56 | 2,583.1 |
| Profit After Tax | 430.07 | 377.45 | 319.81 | 140.41 |
M.V.K. Agro Food Product IPO Key Performance Indicator
Key Performance Indicators (KPIs) for M.V.K. Agro Food Product are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 31.79 |
| ROCE | 13.44% |
| ROE | 32.85% |
| RoNW | 32.85% |
| EPS (Rs) | 3.77 |
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 (hereinafter referred as the “Project”)
- • General Corporate Purposes
Contact Details for M.V.K. Agro Food Product
Phone
Office
GUT No. 44 and 46 Kusumnagar, At Post Waghalwada, Umari, Nanded – 431 807
Registrar Details for M.V.K. Agro Food Product
Mas Services Limited
Phone
Office
T-34, 2nd Floor, Okhla Industrial Area, Phase-II New Delhi- 110 020
Lead Manager
- • Horizon Management Private Limited