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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹65.88 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹65.88 Cr |
| Fresh Issue | ₹62.58 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹120.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | MVKAGRO |
| Registrar | MAS Services Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 32.85% |
| ROCE | 13.44% |
| Debt / Equity | 6.84% |
| RoNW | 32.85% |
| PAT Margin | 4.02% |
| Price to Book Value | 4.49 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.77 | 5.55 |
| P/E (x) | 31.79 | 21.61 |
| Promoter Holding | 100.00% | 64.56% |
| Market Cap | ₹185.88 Cr. | |
