M.V.K. Agro Food Product Ltd
Price Range
₹120
-
Min. Quantity
1,200
Closes on
4 March 2024
-
Min. investment
₹1,44,000/1,200 Shares
M.V.K. Agro Food Product Ltd IPO Timeline
The Company was incorporated on February 2, 2018 as M.V.K. Agro Food Product Limited', a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Registrar of Companies, Central Registration Centre.
| Event | Date |
|---|---|
| M.V.K. Agro Food Product Ltd IPO Opening Date | 29 February 2024 |
| M.V.K. Agro Food Product Ltd IPO Closing Date | 4 March 2024 |
| Basis of Allotment | 5 March 2024 |
| Initiation of Refunds | 6 March 2024 |
| Credit of Shares to Demat | 6 March 2024 |
| M.V.K. Agro Food Product Ltd IPO Listing Date | 7 March 2024 |
M.V.K. Agro Food Product Ltd IPO Details
| M.V.K. Agro Food Product Ltd IPO Date | 29 February 2024 to 4 March 2024 |
| M.V.K. Agro Food Product Ltd IPO Face Value | ₹10 per share |
| M.V.K. Agro Food Product Ltd IPO Price | ₹120 to ₹0 per share |
| M.V.K. Agro Food Product Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹65.88 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹65.88 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Marotrao Vyankatrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatrao Kawale |
M.V.K. Agro Food Product Ltd IPO Lot Size
The M.V.K. Agro Food Product Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,44,000 |
| Maximum | 1 | 1,200 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- Wide range of products.
- Integrated operations and economies of scale.
- Strategic location of its manufacturing unit.
- Cordial and strong relationships with sugarcane farmers.
- Captive Power plant.
- Existing client relationships.
- Quality Assurance and Quality Control of our products.
- Well experienced management team with proven project management and implementation skills.
Company Financials
M.V.K. Agro Food Product Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 270.92 | 125.13 | 7.16 |
| 03-2023 | 154.72 | 93.94 | 3.77 |
| 03-2022 | 116.02 | 132.64 | 3.20 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up a greenfield unit in Nanded Maharashtra for Mfg Ethanol & Generation and Bottling of Bio CNG and Fertilizer
- General Corporate Purposes
M.V.K. Agro Food Product Ltd IPO Promoter Holding
| Pre Issue Share Holding | 83.88% |
| Post Issue Share Holding | 54.15% |
M.V.K. Agro Food Product Ltd IPO Subscription Status (Bidding Detail)
The M.V.K. Agro Food Product Ltd IPO is subscribed 8.1386 times on 4 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 8.1386 |
M.V.K. Agro Food Product Ltd IPO Prospectus
M.V.K. Agro Food Product Ltd IPO Listing Date
| BSE Script | 92696 |
| NSE Symbol | MVKAGRO |
| Listing In | NSE - SME |
| ISIN | INE0SGC01015 |
| IPO Price | ₹120 |
| Face Value | ₹10 |
Company Contact Information
GUT No 44 & 46 KusumnagarAt Post Waghalwada Umari,Nanded-431807
Phone: +91 862 309 4480
Email: info@mvkagrofood.com
Website: www.mvkagrofood.com
M.V.K. Agro Food Product Ltd IPO Registrar
M.V.K. Agro Food Product Ltd IPO Lead Manager(s)
- Horizon Management Pvt Ltd
FAQ
What is the issue size of M.V.K. Agro Food Product Ltd IPO?
I have pre-applied for M.V.K. Agro Food Product Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.