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M.V.K. Agro Food Product Limited IPO

M.V.K. Agro Food Product Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 79.00 (-34.17%)

M.V.K. Agro Food Product Limited's has transitioned to a publicly listed entity following its IPO debut on 07-03-2024 at the NSE exchange. The public offering successfully raised 54,90,000 Shares, consisting of 54,90,000 Sharesin new capital.

The IPO featured a competitive price range of ₹120 to ₹120 and minimum application size of 1200 shares. Market reception was evidenced through subscription activity between 29-02-2024 and 04-03-2024, reflecting investor appetite for the offering.

Allotment of shares was completed on 05-03-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

M.V.K. Agro IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
M.V.K. Agro IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

M.V.K. Agro IPO About Company

M.V.K. Agro Food Product Limited, incorporated on February 2, 2018, is a public limited company specializing in integrated sugar and allied products manufacturing. Based in Nanded District, Maharashtra, the company operates a single-location sugar unit with a licensed crushing capacity of 2,500 Tons Cane per Day (TCD) and commercializes by-products such as Molasses (120 TPD), Bagasse (750 TPD), and Pressmud (90 TPD). Since commencing sugar manufacturing operations in 2020, M.V.K. Agro has implemented backward integration to enhance the commercial viability of its by-products and waste products, including co-generation capabilities for power generation. Through strategic expansion and increasing production capacities, the company has positioned itself as a key player in the sugar and allied products industry, demonstrating a strong commitment to growth and diversification.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


M.V.K. Agro IPO Strength Factors

  1. Diverse Product Portfolio: Expands market reach and revenue potential by catering to multiple customer segments.
  2. Integrated Operations & Economies of Scale: Enhances efficiency and cost-effectiveness, boosting profitability.
  3. Strategic Manufacturing Location: Optimizes logistics, reducing costs and improving supply chain efficiency.
  4. Strong Supplier Relationships: Ensures raw material availability and stability in sourcing, minimizing supply chain disruptions.
  5. Captive Power Plant: Reduces energy costs and ensures uninterrupted operations, providing a competitive advantage.

M.V.K. Agro IPO Risk Factors

  1. Raw Material Cost Fluctuations: Since sugarcane prices are often influenced by government regulations, climate conditions, and supply-demand dynamics, sudden cost increases can erode profit margins.
  2. Market-Driven Sugar Prices: The selling price of sugar is subject to domestic and international market forces, including trade policies, production levels, and global demand, making revenue projections uncertain.
  3. Regulatory Influence: Government intervention, such as minimum support prices for sugarcane or export restrictions on sugar, can further affect pricing and profitability.
  4. Impact on Financial Planning: Unpredictable price swings can make it challenging to plan for capital expenditures, working capital requirements, and long-term strategic investments.

M.V.K. Agro IPO Lead Manager(s)

  • Horizon Management Private Limited

M.V.K. Agro IPO Promoter(s)

  1. Marotrao Vyankatrao Kawale
  2. Sagarbai Marotrao Kawale
  3. Ganeshrao Vyankatrao Kawale
  4. Kishanrao Vyankatarao Kawale
  5. Sandip Marotrao Kawale

M.V.K. Agro IPO Company Details

M.V.K. Agro Food Product Limited
Phone:
address:

M.V.K. Agro IPO Registrar

Mas Services Limited
Name:
Phone:

M.V.K. Agro IPO FAQs