✓
Open
29 Feb to 4 Mar, 2024
✓
Close
29 Feb to 4 Mar, 2024
3
Allotment
—
✓
Listing
Thu, Mar 7, 2024
Price Band
₹120 per share
Issue Size
54,90,000 shares (agg. up to ₹66 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Mar 7, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
07-03-2024₹0Est. ₹120+0%
06-03-2024₹0Est. ₹120+0%
05-03-2024₹5Est. ₹125+4.17%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.46x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 148.04 | 154.72 | 116.02 | 114.46 |
| Total Income | 60.44 | 93.94 | 132.64 | 25.83 |
| Profit After Tax | 4.30 | 3.77 | 3.20 | 1.40 |
| NET Worth | 17.68 | 13.38 | 9.60 | 6.40 |
| Reserves and Surplus | 12.68 | 8.38 | 4.60 | 1.40 |
| Total Borrowing | 62.81 | 91.56 | 60.01 | 74.96 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a greenfield unit in Nanded, Maharashtra for (i) manufacturing Ethanol and (ii) generation and bottling of Bio-CNG and Fertilizer | 52.38 |
| 2 | General corporate purposes | 5.87 |
About M.V.K.Agro Food Product IPO
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.+ Read More
Contact Details
M.V.K.Agro Food Product Ltd. AddressGUT No.44 and 46Kusumnagar, At PostWaghalwada, UmariNanded, Maharashtra, 431807+91 862 309 4480info@mvkagrofood.comVisit Website