What you must know about M.V.K. Agro Food IPO?
by 5paisa Research Team
24 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 07-Mar-24
- IPO Price Range ₹ 120
- Listing Price ₹ 79
- Listing Change -34.2%
- Last Traded Price ₹ 39
- Current Change -67.5%
M.V.K. Agro IPO Details
- Open Date 29-Feb-24
- Close Date 04-Mar-24
- Lot Size 1200
- IPO Size ₹ 65.88 Cr
- IPO Price Range ₹ 120
- Min Investment ₹ 144000
- Listing Exchange NSE SME
- Basis of Allotment 05-Mar-24
- Refunds 06-Mar-24
- Credit to Demat Account 06-Mar-24
- Listing Date 07-Mar-24
M.V.K. Agro Food Product IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Feb-24 | - | 0.56 | 1.53 | 1.04 |
| 01-Mar-24 | - | 0.78 | 5.05 | 2.91 |
| 04-Mar-24 | - | 3.90 | 13.01 | 8.46 |
M.V.K. Agro IPO Synopsis
M.V.K. Agro Food Product Limited IPO is all set to open from 29th February to 4th March 2024. The company produces integrated sugar and other allied products. The IPO includes a fresh issue of 5,490,000 shares worth ₹65.88 cr. The share allotment date is 5th March 2024, and the IPO will be listed on 7th March 2024 on the stock exchanges. The price band is ₹120 and the lot size is 1200 shares.
Horizon Management Private Limited is the book-running lead manager for this IPO, while Mas Services Limited is the registrar.
Objectives of M.V.K. Agro Food IPO:
M.V.K. Agro Food Product Limited plans to utilize the raised capital from the IPO to:
● To set up a greenfield unit in Nanded, Maharashtra for manufacturing Ethanol and generation and bottling of Bio-CNG and Fertilizer.
● General corporate purposes.
About M.V.K. Agro Food Product
Established in 2018, M.V.K. Agro Food Product Limited produces integrated sugar and other allied products. Its sugar manufacturing unit is based in Nanded, Maharashtra and has a licensed crushing capacity of 2,500 TCD. M.V.K also sells the by-products of sugar such as Molasses, Bagasse and Pressmud.
The company sells its products in two ways; via domestic brokers and Export-oriented commodity traders. It has backward integration and a zero-waste manufacturing facility. It is looking to diversify its portfolio by setting up a greenfield unit for manufacturing Ethanol and generation of Bio-CNG and Fertilizer.
Peer Comparison
● Ugar Sugar Works Limited
● Dwarikesh Sugar Industries Limited
● Balrampur Chini Mills Limited
● Dhampur Sugar Mills Limited
For More Information:
Webstory on M.V.K. Agro Food Product IPO
M.V.K. Agro Food Product Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 93.27 | 130.67 | 22.83 |
| EBITDA | 16.61 | 12.01 | 5.34 |
| PAT | 3.77 | 3.21 | 1.39 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 154.71 | 116.02 | 114.45 |
| Share Capital | 5.00 | 5.00 | 5.00 |
| Total Borrowings | 141.34 | 106.41 | 108.05 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -14.42 | 28.38 | -19.42 |
| Net cash from / (used in) investing activities | -7.21 | -8.46 | -54.77 |
| Net cash flow from / (used in) financing activities | 22.12 | -21.00 | 75.42 |
| Net increase (decrease) in cash and cash equivalents | 0.48 | -1.08 | 1.22 |
M.V.K. Agro IPO Key Points
-
Strengths
1. The company has integrated operations and scalability.
2. It has a fully equipped and strategically located manufacturing facility.
3. The company has very cordial relations with sugarcane farmers.
4. Its existing client relationships and Quality Assurance and Quality Control are big plus.
5. The company’s management team is well-experienced.
-
Risks
1. The company has limited experience in manufacturing Ethanol and generation of bio-CNG and fertilizers.
2. The business is subject to seasonal variations.
3. A majority of our revenue is dependent on the sugar segment.
4. It is highly dependent upon a limited number of suppliers and customers.
5. It constantly faces a credit risk which can impact business operations.
6. The company faces significant competition.
7. High working capital requirements.
M.V.K. Agro
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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M.V.K. Agro IPO FAQs
When does the M.V.K. Agro Food Product IPO opens and closes?
M.V.K. Agro Food Product IPO opens from 29th February to 4th March 2024.
What is the size of the M.V.K. Agro Food Product IPO?
The size of M.V.K. Agro Food Product IPO is ₹65.88 cr.
How to apply for the M.V.K. Agro Food Product IPO?
To apply for M.V.K. Agro Food Product IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the M.V.K. Agro Food Product Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of M.V.K. Agro Food Product IPO?
The price band of M.V.K. Agro Food Product IPO is fixed at ₹120 per share.
What is the minimum lot size and investment required for the M.V.K. Agro Food Product IPO?
The minimum lot size of M.V.K. Agro Food Product IPO is 1200 shares and the investment required is ₹1,44,000.
What is the allotment date of the M.V.K. Agro Food Product IPO?
The share allotment date of M.V.K. Agro Food Product IPO is 5th March 2024.
What is the M.V.K. Agro Food Product IPO listing date?
The M.V.K. Agro Food Product IPO will be listed on 7th March 2024.
Who are the book runners for the M.V.K. Agro Food Product IPO?
Horizon Management Private Limited is the book-running lead manager for M.V.K. Agro Food Product IPO.
What is the objective of M.V.K. Agro Food Product IPO?
M.V.K. Agro Food Product Limited plans to utilize the raised capital from the IPO to:
1. To set up a greenfield unit in Nanded, Maharashtra for manufacturing Ethanol and generation and bottling of Bio-CNG and Fertilizer.
2. General corporate purposes.
Contact Details of M.V.K. Agro Food Product IPO
Contact Information
M.V.K. Agro Food Product Ltd
GUT No. 44 and 46
Kusumnagar, At Post
Waghalwada, Umari, Nanded – 431 807
Phone: +91 862 309 4480
Email: info@mvkagrofood.com
Website: https://mvkagrofood.com/
M.V.K. Agro Food Product IPO Register
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
M.V.K. Agro Food Product IPO Lead Manager
Horizon Management Private Limited
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