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mvk agro food ipo

M.V.K. Agro Food Product IPO

  • Status: Closed
  • RHP:
  • ₹ 144,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Feb 2024

  • Close Date

    04 Mar 2024

  • IPO Price Range

    ₹ 120

  • IPO Size

    ₹ 65.88 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    07 Mar 2024

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IPO Timeline

M.V.K. Agro Food Product IPO Subscription Status

Last Updated: 15 March 2024 10:28 AM by 5Paisa

M.V.K. Agro Food Product Limited IPO is all set to open from 29th February to 4th March 2024. The company produces integrated sugar and other allied products. The IPO includes a fresh issue of 5,490,000 shares worth ₹65.88 cr. The share allotment date is 5th March 2024, and the IPO will be listed on 7th March 2024 on the stock exchanges. The price band is ₹120 and the lot size is 1200 shares.        

Horizon Management Private Limited is the book-running lead manager for this IPO, while Mas Services Limited is the registrar. 

Objectives of M.V.K. Agro Food IPO:

 M.V.K. Agro Food Product Limited plans to utilize the raised capital from the IPO to:
●    To set up a greenfield unit in Nanded, Maharashtra for manufacturing Ethanol and generation and bottling of Bio-CNG and Fertilizer.
●    General corporate purposes.
 

Established in 2018, M.V.K. Agro Food Product Limited produces integrated sugar and other allied products. Its sugar manufacturing unit is based in Nanded, Maharashtra and has a licensed crushing capacity of 2,500 TCD. M.V.K also sells the by-products of sugar such as Molasses, Bagasse and Pressmud. 

The company sells its products in two ways; via domestic brokers and Export-oriented commodity traders. It has backward integration and a zero-waste manufacturing facility. It is looking to diversify its portfolio by setting up a greenfield unit for manufacturing Ethanol and generation of Bio-CNG and Fertilizer.

Peer Comparison

●    Ugar Sugar Works Limited
●    Dwarikesh Sugar Industries Limited
●    Balrampur Chini Mills Limited
●    Dhampur Sugar Mills Limited

For More Information:
Webstory on M.V.K. Agro Food Product IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 93.27 130.67 22.83
EBITDA 16.61 12.01 5.34
PAT 3.77 3.21 1.39
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets  154.71 116.02 114.45
Share Capital 5.00 5.00 5.00
Total Borrowings 141.34 106.41 108.05
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities  -14.42 28.38 -19.42
Net cash from / (used in) investing activities -7.21 -8.46 -54.77
Net cash flow from / (used in) financing activities 22.12 -21.00 75.42
Net increase (decrease) in cash and cash equivalents 0.48 -1.08 1.22

Strengths

1.    The company has integrated operations and scalability.
2.    It has a fully equipped and strategically located manufacturing facility.
3.    The company has very cordial relations with sugarcane farmers. 
4.    Its existing client relationships and Quality Assurance and Quality Control are big plus. 
5.    The company’s management team is well-experienced.
 

Risks

1.    The company has limited experience in manufacturing Ethanol and generation of bio-CNG and fertilizers.
2.    The business is subject to seasonal variations. 
3.    A majority of our revenue is dependent on the sugar segment. 
4.    It is highly dependent upon a limited number of suppliers and customers. 
5.    It constantly faces a credit risk which can impact business operations. 
6.    The company faces significant competition. 
7.    High working capital requirements.

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FAQs

M.V.K. Agro Food Product IPO opens from 29th February to 4th March 2024.
 

The size of M.V.K. Agro Food Product IPO is ₹65.88 cr. 

To apply for M.V.K. Agro Food Product IPO, follow the steps given below

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  M.V.K. Agro Food Product Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of M.V.K. Agro Food Product IPO is fixed at ₹120 per share. 

The minimum lot size of M.V.K. Agro Food Product IPO is 1200 shares and the investment required is ₹1,44,000.

The share allotment date of M.V.K. Agro Food Product IPO is 5th March 2024.

The M.V.K. Agro Food Product IPO will be listed on 7th March 2024.

Horizon Management Private Limited is the book-running lead manager for M.V.K. Agro Food Product IPO.

M.V.K. Agro Food Product Limited plans to utilize the raised capital from the IPO to:

1.    To set up a greenfield unit in Nanded, Maharashtra for manufacturing Ethanol and generation and bottling of Bio-CNG and Fertilizer.
2.    General corporate purposes.