M.V.K. Agro Food Product Ltd IPO
- IPO Date29 Feb, 2024 to 04 Mar, 2024
- Listing Date07 Mar, 2024
- Face Value₹10 per share
- Issue Price₹120 to ₹120 per share
- Lot Size1200 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size54,90,000 Shares
(aggregating up to ₹65.88 Cr) - Fresh Issue54,90,000 Shares
(aggregating up to ₹65.88 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,00,00,000
- Shareholding post issue1,54,90,000
IPO Dates
Closing Date
04 Mar, 2024
Initiation of Refunds
06 Mar, 2024
Listing Date
07 Mar, 2024
29 Feb, 2024
Opening Date
05 Mar, 2024
Basis of Allotment
06 Mar, 2024
Credit of Shares
M.V.K. Agro Food Product Ltd Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 1 | 2400 | ₹2,88,000 |
| Retail (Min) | 1 | 1200 | ₹1,44,000 |
| Retail (Max) | 1 | 1200 | ₹1,44,000 |
M.V.K. Agro Food Product Ltd Promoter Holding
The promoters of the company are Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 64.56% |
M.V.K. Agro Food Product Ltd COMPANY INFORMATION
M.V.K. Agro Food IPO is a fixed price issue of Rs 65.88 crores. The issue is entirely a fresh issue of 54.9 lakh shares. M.V.K. Agro Food IPO bidding started from February 29, 2024 and ended on March 4, 2024. The allotment for M.V.K. Agro Food IPO was finalized on Tuesday, March 5, 2024. The shares got listed on NSE SME on March 7, 2024. M.V.K. Agro Food IPO price is ₹120 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹288,000. Horizon Management Private Limited is the book running lead manager of the M.V.K. Agro Food IPO, while Mas Services Limited is the registrar for the issue. The market maker for M.V.K. Agro Food IPO is Nikunj Stock Brokers. Refer to M.V.K. Agro Food IPO RHP for detailed information.
Incorporated in February 2018, MVK Agro Food Product Limited is a manufacturer of integrated sugar and other related products. The company has a licensed crushing capacity of 2,500 TCD and sells its by-products, Molasses, Bagasse, and Pressmud.
The company sells its products through brokers who, in turn, sell to export houses such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited and Britannia Industries Limited. In addition to selling its products to brokers, the company also supplies commodities to export-oriented traders like Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
The company operates a zero-waste manufacturing facility. Waste generated is either sold or used to generate power.
The revenues from operations for the six months ended September 30, 2023, and the fiscal years 2023, 2022, and 2021 were ₹6,012.52 lakhs, ₹9,327.65 lakhs, ₹13,067.11 lakhs, and ₹2,283.40 lakhs, respectively.
The company's manufacturing facility is located in Nanded District, Maharashtra.
As of September 2023, the company has 160 employees across various departments.
FAQs About M.V.K. Agro Food Product Ltd Ipo
M.V.K. Agro Food Product Ltd IPO will open on 29 Feb, 2024 and close on 04 Mar, 2024. Investors must apply within this period to participate.
The M.V.K. Agro Food Product Ltd IPO price band is set between ₹120.00 and ₹120.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹144000.00.
The M.V.K. Agro Food Product Ltd IPO shares are expected to be listed on 07 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your M.V.K. Agro Food Product Ltd IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The M.V.K. Agro Food Product Ltd IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.