MVK Agro Food IPO GMP, Review, Price, Allotment

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MVK Agro Food IPO GMP

MVK Agro Food IPO description – MVK Agro Food is a prominent player in the integrated sugar and allied products manufacturing industry, situated in Nanded District, Maharashtra. Operating a single-location sugar unit with a licensed crushing capacity of 2,500 TCD (Tones Cane per day), the company boasts significant production capabilities. Alongside sugar, MVK Agro Food commercializes valuable by-products and waste products like Molasses (120 Tones per day), Bagasse (750 Tones per day), and Pressmud (90 Tones per day). The company has 161 employees and does not use any contract labour. The company also purchases all its required sugarcane directly from farmers.

In Fiscal 2023, the company achieved noteworthy revenues, with sugar sales through domestic brokers amounting to INR 27.5 crore and through export-oriented commodity traders at INR 26.6 crore. By-products such as Bagasse, Cane Seed & others, Molasses, and Pressmud contributed substantially to the revenue stream. MVK Agro Food plans to invest INR 34.9 crorer in setting up a unit for ethanol and bio-CNG production, and INR 17.5 crore in fertilizer production.

MVK Agro Food

Promoters of MVK Agro Foods – Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatrao Kawale and Sandip Marotrao Kawale


MVK Agro Food IPO Details

MVK Agro Food IPO Dates29 February – 4 March 2024
MVK Agro Food Issue PriceINR 120 per share
Fresh issue54,90,000 shares (INR 65.88 crore)
Offer For SaleNil
Total IPO size54,90,000 shares (INR 65.88 crore)
Minimum bid (lot size)1,200 shares (INR 144,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE Emerge

MVK Agro Food Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue22.83130.6793.2860.13
Expenses23.98128.4689.0254.77
Net income1.403.203.774.30
Figures in INR Crores unless specified otherwise

MVK Agro Food Offer News


MVK Agro Food Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.673.203.77
PE ratio15.90
RONW (%)35.4839.9632.85
NAV35.35
ROCE (%)5.9814.4913.44
EBITDA (%)20.669.0617.68
Debt/Equity 11.716.256.84
*Compiled by IPO Central from Prospectus

MVK Agro Food IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
6 March 20245
5 March 20245
4 March 2024107,000
2 March 20242017,000
1 March 20242722,500
29 February 20242722,500
28 February 20242015,000
27 February 20241512,000

MVK Agro Food IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered2,607,6002,607,6005,215,200
4 Mar 20244.0113.018.51
1 Mar 20240.884.952.92
29 Feb 20240.561.420.99

The market maker reservation portion of 274,800 shares is not included in the above calculations.


MVK Agro Food IPO Allotment Status

MVK Agro Food IPO allotment status is now available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.


MVK Agro Food IPO Dates & Listing Performance

IPO Opening Date29 February 2024
IPO Closing Date4 March 2024
Finalization of Basis of Allotment5 March 2024
Initiation of refunds5 March 2024
Transfer of shares to demat accounts6 March 2024
IPO Listing Date7 March 2024
Opening Price on NSE SMEINR 79 per share (down 34.17%)
Closing Price on NSE SMEINR 82.95 per share (down 30.88%)

MVK Agro Food Offer Lead Manager

HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: [email protected]
Website: www.horizonmanagement.in


MVK Agro Food Offer Registrar

MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: [email protected]
Website: www.masserv.com


MVK Agro Food IPO Contact Details

MVK AGRO FOOD PRODUCT LIMITED
GUT No. 44 and 46, Kusumnagar,
At Post Waghalwada, Umari,
Nanded – 431 807, Maharashtra
Phone: +91 862 309 4480
E-mail: [email protected]
Website: www.mvkagrofood.com


IPO FAQs

What is the MVK Agro Food offer size?

MVK Agro Food offer size is INR 65.88 crores.

What is the MVK Agro Food offer price band?

MVK Agro Food public offer price is INR 120 per share.

What is the lot size of the MVK Agro Food IPO?

MVK Agro Food offer lot size is 1,200 shares.

What is MVK Agro Food IPO GMP today?

MVK Agro Food IPO GMP today is INR 5 per share.

What is the MVK Agro Food kostak rate today?

MVK Agro Food kostak rate today is INR NA per application.

What is MVK Agro Food Subject to Sauda rate today?

MVK Agro Food are Subject to the Sauda rate today is INR NA per application.

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