M.V.K. Agro Food Product Ltd

Sugar

Offer Period :

29th to 3rd Mar 2024

Established in 2018, MVK Agro Food Product Limited manufactures sugar and related products, with a 2,500 TCD capacity. It partners with major export houses and brokers, Read more... operates a zero-waste facility in Maharashtra, and has shown substantial revenue growth over recent years.Read less

M.V.K. Agro Food Product Ltd IPO Details

IPO Date 29th to 3rd Mar 2024 Minimum Investment ₹144000 / 1 Lots
Listing Date 2024-03-07 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹65.88 Crores
Price ₹120 to ₹120 per share Fresh Issue ₹65.88 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 29th to 3rd Mar 2024
Listing Date 2024-03-07
Face Value ₹10 per share
Price ₹120 to ₹120 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Total Issue Size ₹65.88 Crores
Fresh Issue ₹65.88 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

29th Feb

IPO Starts

4th Mar

IPO Ends

5th Mar

Allotment Date

6th Mar

Initiation of Refund

6th Mar

Credit of Shares to Demat Account

7th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 95.96 61.96
Public Group 4.04 38.04

M.V.K. Agro Food Product Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 2607600(47.5%)
Retail Shares Offered 2607600(47.5%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 5490000
Total Shares With Anchor Investor 5490000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

M.V.K. Agro Food Product Ltd IPO Registrar

Mas Services Limited
Phone Number +91 112 6387281/83, 1141320335
Email Id ipo@masserv.com
Our Website www.masserv.com

M.V.K. Agro Food Product Ltd IPO Lead Manager

1. Horizon Management Pvt Ltd

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M.V.K. Agro Food Product Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of M.V.K. Agro Food Product Ltd

1. Wide range of products.

2. Integrated operations and economies of scale.

3. Strategic location of its manufacturing unit.

4. Cordial and strong relationships with sugarcane farmers.

5. Captive Power plant.

6. Existing client relationships.

7. Quality Assurance and Quality Control of our products.

8. Well experienced management team with proven project management and implementation skills.

Risks Involved

1. The company cannot assure you that the manufacturing unit proposed to be set up by it will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new manufacturing unit in a timely manner or without cost overruns, it may adversely affect its business, results of operations and financial condition.

2. As on date the company has not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed manufacturing unit. In the event the company is unable to obtain such approvals and permits, its business, results of operations, cash flows and financial condition could be adversely affected.

3. The Company has limited experience of manufacturing Ethanol and Bio-CNG and Fertilizer. Hence, the company have limited exposure in manufacturing products outside of its existing product portfolio, which may make it difficult to evaluate its past performance and prospects with respect to the same.

4. The company cannot assure that its shall be able to utilize its proposed manufacturing unit to its full capacity or up to an optimum capacity, and non-utilisation of the same may lead to loss of profits or can result in losses, and may adversely affect its business, results of operations and financial condition.

5. There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.

6. The Company is yet to place orders for 100% of the plant and machinery. Any delay in placing orders or procurement of such plant and machinery, may further delay the schedule of implementation and increase the cost of commissioning the manufacturing unit.

7. The company depends on its domestic brokers and export-oriented commodity traders for a significant portion of its revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect its business and results of operations.

8. Its business is subject to seasonal variations that could result in fluctuations in our results of operations.

9. Sugarcane is the principal raw material used for the production of sugar. Its business depends on the availability of sugarcane and any shortage of sugarcane may adversely affect its business and results of operations.

10. The improper handling, processing or storage of raw materials or products, or spoilage of and damage to such raw materials and products, or any real or perceived contamination in its products, could subject it to regulatory and legal action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

M.V.K. Agro Food Product Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-07 92696 MVKAGRO
INE0SGC01015
₹120 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹120 ₹120
Open ₹0 ₹79
Low ₹0 ₹75.05
High ₹0 ₹82.95
Low ₹0 ₹75.05

Frequently Asked Questions

What is M.V.K. Agro Food Product Ltd IPO?

Answer Field

M.V.K. Agro Food Product Ltd IPO is a SME IPO of 54,90,000 equity shares of a face value of ₹10 aggregating up to ₹65.88 Crores. The issue is priced at ₹120 to ₹120 per share. The minimum order quantity is 1200 Shares. The IPO opens on February 29, 2024, and closes on March 04, 2024. Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When M.V.K. Agro Food Product Ltd IPO will open?

Answer Field

The M.V.K. Agro Food Product Ltd IPO opens on February 29, 2024 and closes on March 04, 2024.

What is the lot size of M.V.K. Agro Food Product Ltd?

Answer Field

M.V.K. Agro Food Product Ltd lot size is 1200 shares, and the minimum amount required is ₹1,44,000.

How to apply for M.V.K. Agro Food Product Ltd IPO?

Answer Field

You can apply in M.V.K. Agro Food Product Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is M.V.K. Agro Food Product Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for M.V.K. Agro Food Product Ltd IPO will be done on March 05, 2024, and the allotted shares will be credited to your demat account by March 06, 2024.

When is M.V.K. Agro Food Product Ltd IPO listing date?

Answer Field

The M.V.K. Agro Food Product Ltd listing date is March 07, 2024.

Who is the registrar of M.V.K. Agro Food Product Ltd IPO?

Answer Field

The registrar of M.V.K. Agro Food Product Ltd IPO is Mas Services Limited

Which company is the book-running lead manager of the IPO?

Answer Field

Horizon Management Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of M.V.K. Agro Food Product Ltd IPO?

Answer Field

The fresh issue size is ₹65.88 Crores equity shares.

What minimum lot size can retail subscribers subscribe to M.V.K. Agro Food Product Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for M.V.K. Agro Food Product Ltd IPO?

Answer Field

To apply for M.V.K. Agro Food Product Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of M.V.K. Agro Food Product Ltd?

Answer Field

The price of each M.V.K. Agro Food Product Ltd share will be ranging in between ₹120 to ₹120 per share.

What is the cut-off time for the UPI mandate for M.V.K. Agro Food Product Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 04, 2024.

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