M.V.K.Agro Food Product Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,607,600 (48%) | — | ₹3,129 Cr |
| Retail | — | 2,607,600 (48%) | — | ₹3,129 Cr |
| Market Maker | — | 274,800 (5%) | — | ₹33 Cr |
| Σ Total | — | 5,490,000 (100%) | — | ₹65,880 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹144,000 |
| Retail (Max) | 13 | 15,600 | ₹1,872,000 |
| S-HNI (Min) | 14 | 16,800 | ₹2,016,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 6,044 | 9,394 | 13,264 |
| Profit After Tax | 430 | 377 | 320 |
| Net Worth | 1,768 | 1,338 | 960 |
| Total Assets | 14,804 | 15,472 | 11,602 |
| Reserves & Surplus | 1,268 | 838 | 460 |
| Total Borrowing | 6,281 | 9,156 | 6,001 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up a greenfield unit in Nanded, Maharashtra for (i) manufacturing Ethanol and (ii) generation and bottling of Bio-CNG and Fertilizer. –
- General corporate purposes. –
Company Overview
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.