M.V.K. Agro Food Product Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹120 - ₹120
- Lot size
- 1,200 shares
- Issue amount
- ₹65.88 cr
- Total subscription
- 8.51×
- Opens
- 29 Feb 2024
- Closes
- 4 Mar 2024
- Allotment
- 5 Mar 2024
- Listing
- 7 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 54,90,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹65.88 cr
- Offer for sale
- ₹0 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,00,00,000
- Shares after issue
- 1,54,90,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,44,000 |
| HNI | 2 | 2,400 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 31.29 | 407.06 |
| NIB | 31.29 | 125.4 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 3.77 | 3.2 | 1.67 |
| ROE | 32.85 | 39.96 | 43.85 |
| ROCE | 13.44 | 14.49 | 5.98 |
| RONW | 32.85 | 39.96 | 35.48 |
| PRE IPO(PE) | 4.49 | 0 | 0 |
| POST IPO(PE) | 31.79 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Diverse Product Portfolio: Expands market reach and revenue potential by catering to multiple customer segments.
- Integrated Operations & Economies of Scale: Enhances efficiency and cost-effectiveness, boosting profitability.
- Strategic Manufacturing Location: Optimizes logistics, reducing costs and improving supply chain efficiency.
- Strong Supplier Relationships: Ensures raw material availability and stability in sourcing, minimizing supply chain disruptions.
- Captive Power Plant: Reduces energy costs and ensures uninterrupted operations, providing a competitive advantage.
Risk factors
- 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.
- 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.
- Regulatory Influence: Government intervention, such as minimum support prices for sugarcane or export restrictions on sugar, can further affect pricing and profitability.
- Impact on Financial Planning: Unpredictable price swings can make it challenging to plan for capital expenditures, working capital requirements, and long-term strategic investments.
Promoters
Marotrao Vyankatrao Kawale
Sagarbai Marotrao Kawale
Ganeshrao Vyankatrao Kawale
Kishanrao Vyankatarao Kawale
Sandip Marotrao Kawale
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
GUT No. 44 and 46, Kusumnagar, At Post, Waghalwada, Umari, Nanded – 431 807
+91 862 309 4480
[email protected]Company website ↗Understanding MVKAGRO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.