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MK Proteins IPO
MK Proteins is a manufacturing and trading organization having its production/refining plant of Edible Oils. Its manufacturing process involves refining of Crude Oils to obtain Refined Rice Bran Oil, Canola Oil, Soya Bean Oil, Sunflower Oil and Rice Bran Bleached Oil. During the refining process certain by-products are also manufactured such as Rice Bran Fatty Acid Oil, Rice Bran Wax, Gums and Spent Earth which are also saleable. The company also trades in both edible and non-edible oils.
In the year 2012, the company took on lease the land and building from where it is operating currently from Shib Charan Dass Industries Private Limited, a group company. Simultaneously, it also acquired its old plant, machinery and other equipments for manufacturing of Vegetable Refined Oil which had an installed capacity of 120 TPD for manufacturing/refining of Vegetable Refined Oil.
In the year 2014-15, the company had further expanded its manufacturing capacity from 120 TPD to 250 TPD by investing a sum of Rs. 383.31 Lakhs towards Plant & Machinery, Boiler and Generator Set which came into commercial production w.e.f September 26, 2014.
In order to expand its reach in certain parts of North India, the company had entered into a Consignment Agreement dated January 20, 2014 with Shivalik Steels and Alloys Private Limited, a group company granting an exclusive right to sell the goods in Himachal Pradesh and Punjab on commission basis.
Promoters of MK Proteins – Vinod Kumar, Raj Kumar, Parvind Kumar and Parmod Kumar (HUF)
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MK Proteins IPO details |
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| Subscription Dates | 31 Mar – 7 Apr 2017 |
| IPO Price band | INR70 per share |
| Fresh issue | 1,462,000 shares (INR10.2 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,462,000 shares (INR10.2 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
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MK Proteins’ financial performance (in INR crore) |
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| FY2013 | FY2014 | FY2015 | FY2016 | 9M FY2017 | ||
| Total revenue | 85.4 | 121.7 | 123.2 | 144.8 | 111.0 | |
| Total expenses | 84.6 | 121.0 | 122.0 | 143.7 | 110.4 | |
| Profit after tax | 0.5 | 0.5 | 0.8 | 0.7 | 0.4 | |
MK Proteins Limited
Naraingarh Road, Vill. Garnala
Ambala – 134 003
Phone:Â +91 171 2679 157
Email: [email protected]
Website:Â www.mkproteins.in
| Day |
Subscription (no. of times) |
| Day 1 | Â 0.00 |
| Day 2 | Â 0.02 |
| Day 3 | Â 0.08 |
| Day 4 | Â 0.68 |
| Day 5 | Â 1.27 |
MK Proteins IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22Â 4043 0200Â
Fax: +91 22Â 2847Â 5201
Email: [email protected]
Website: www.bigshareonline.com
IPO Opening Date: 31 March 2017
IPO Closing Date: 7Â April 2017
Listing Date:Â 18 April 2017
Listing Price on NSE SME: INR72 (up 2.8% over IPO price)
Closing Price on NSE SME: INR72 (up 2.8% over IPO price)
Earnings Per Share (EPS): INR2.67
Price/Earnings (P/E) ratio:Â 26.22
Return on Net Worth (RONW): 22.17%
Net Asset Value (NAV): INR12.05 per share
