M.V.K. Agro Food Product Ltd IPO
₹120
1200
8.46
| Open Date: | 29-Feb-2024 |
| Close Date: | 04-Mar-2024 |
| Allotment Date: | 05-Mar-2024 |
| Listing Date: | 07-Mar-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹120 Per Equity Share |
| Issue Size: | Total Issue Size 5,490,000 shares (aggregating up to ₹65.88 Cr) : Fresh Issue 5,490,000 shares (aggregating up to ₹65.88 Cr) |
| Market Lot (Min Amount): | Retail - ₹144,000 : HNI - ₹288,000 |
As on | Others | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 2,607,600 | 2,607,600 | 5,215,200 |
| Day 1 - 29-02-24 05:00 PM | 0.56 | 1.56 | 1.06 |
| Day 2 - 01-03-24 05:00 PM | 0.78 | 5.07 | 2.93 |
| Day 3 - 04-03-24 05:00 PM | 3.90 | 13.01 | 8.46 |
| Total No. of Application: | 28,268 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 13.01x | ||
| Earning Per Share(EPS) | ₹3.77/- |
| P/E Ratio | 31.79 |
| RoNW | 32.85% |
| Net Asset Value (NAV) - Post Issue: | ₹26.75/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 14,804.05 | 6,044.36 | 430.07 |
| 31 Mar,2023 | 15,471.93 | 9,393.63 | 377.45 |
| 31 Mar,2022 | 11,602.06 | 13,263.56 | 319.81 |
| 31 Mar,2021 | 11,445.70 | 2,583.10 | 140.41 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 64.56% |
| 1. Marotrao Vyankatrao Kawale |
| 2. Sagarbai Marotrao Kawale |
| 3. Ganeshrao Vyankatrao Kawale |
| 4. Kishanrao Vyankatarao Kawale |
| 5. Sandip Marotrao Kawale |
The Net Proceeds are proposed to be used in the following manner:
- Setting up a greenfield unit in Nanded, Maharashtra for (i) manufacturing Ethanol and (ii) generation and bottling of Bio-CNG and Fertilizer 5,238.17
- General corporate purposes
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 supply 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-month period 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 of the company.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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