OUR BUSINESS
We are an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra. We operate a single-location sugar unit having a licensed crushing Capacity of 2,500 TCD. In addition to sugar, we also commercialize and sell our by-products and waste products, namely, Molasses, Bagasse and
Pressed. We are also engaged in the generation of Power for captive consumption. Our business can hence be broken up into two segments, namely Sugar and its by-products/waste products. In the year 2020, we commenced operations of manufacturing of Sugar. In the year 2020, our Company implemented backward integration and began commercial
operations of the by-products and waste products of Sugar along with Co-Generation Capabilities.
Our Company proposes to further diversify its product portfolio by setting up a greenfield unit for Manufacturing Ethanol and Bio-CNG and fertilizers. Ethanol is Produced after fermentation and distillation of Molasses and can be further purified into Fuel Ethanol, by Removing the water content. We intend to create an additional revenue stream using backward integration of our waste material, i.e. Molasses for manufacturing Ethanol and marketing and selling the same for industrial usage. Further, in the said greenfield unit, we propose to set up separate bio-CNG bottling and fertilizer plants for biogas generation and bottling. The by-product generated from the manufacturing of biogas
is mainly used as a fertilizer, therefore our Company Proposes to market and sell such by-products as a fertilizer to third parties. We propose to generate bio-gas by processing Bagasse and Pressmud further marketing and selling the same for industrial usage.
M.V.K. AGRO FOOD IPO SUBSCRIPTION STATUS TODAY
| DATE | QIB | NII | RII | TOTAL |
|---|---|---|---|---|
| Day-1 | -- | -- | -- | -- |
| Day-2 | -- | -- | -- | -- |
| Day-3 | -- | -- | -- | -- |
M.V.K. AGRO FOOD IPO DATE & PRICE BAND DETAILS
| IPO Open Date | February 29, 2024 |
|---|---|
| IPO Close Date | March 1, 2024 |
| IPO Size | Approx ₹65.88 Crores |
| IPO Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹120 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 50% |
| IPO NII Quota | 50% |
QUALITATIVE FACTORS
- Wide range of products
- Integrated operations and economies of scale
- The strategic location of our manufacturing unit
- Cordial and strong relationships with sugarcane farmers
- Captive Power plant
- Existing client relationships
- Quality Assurance and Quality Control of our products
- Well-experienced management team with proven project management and implementation skills
M.V.K. AGRO FOOD IPO MARKET LOT DETAILS
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹144,000 |
| Retail Maximum | 1 | 1200 | ₹144,000 |
| S-HNI Minimum | 2 | 2400 | ₹288,000 |
M.V.K. AGRO FOOD IPO GMP TODAY LIVE RATES & KOSTAK RATES
| IPO GMP DATE | GMP PRICE | IPO PRICE | SUBJECT TO SAUDA RATE |
|---|---|---|---|
| Feb 29, 2024 | -- | -- | -- |
| March 1, 2024 | -- | -- | -- |
| March 2, 2024 | -- | -- | -- |
| March 3, 2024 | -- | -- | -- |
| March 4, 2024 | -- | -- | -- |
OBJECTS OF THE ISSUE
- Setting up a greenfield unit in Nanded, Maharashtra for (i) manufacturing Ethanol and (ii) generation and bottling
of Bio-CNG and Fertilizer (hereinafter referred to as the “Project”). - General Corporate Purposes.
M.V.K. AGRO FOOD IPO ALLOTMENT & LISTING DATE (DETAILS)
| IPO Open Date | Feb 29, 2024 |
|---|---|
| IPO Close Date | March 4, 2024 |
| Basis of Allotment | March 5, 2024 |
| Refunds | March 6, 2024 |
| Credit to Demat Account | March 6, 2024 |
| IPO Listing Date | March 7, 2024 |
OUR PROMOTER
- Marotrao Vyankatrao Kawale
M.V.K. AGRO FOOD FINANCIAL REPORTS
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2023 | ₹93.94 | ₹89.02 | ₹3.77 |
| 2022 | ₹132.64 | ₹128.46 | ₹3.21 |
| 2021 | ₹25.83 | ₹23.98 | ₹1.39 |
M.V.K AGRO FOOD COMPANY CONTACT DETAILS
GUT No. 44 and 46,
Kusumnagar, At Post Waghalwada,
Umari, Nanded – 431 807,
Maharashtra, India.
Telephone: +91 862 309 4480
Facsimile: NA
E-mail: info@mvkagrofood.com
Investor grievance id: investors@mvkagrofood.com
Website: www.mvkagrofood.com
M.V.K AGRO FOOD IPO REGISTAR
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
E-mail: ipo@masserv.com
Website: www.masserv.com
Investor grievance: investor@masserv.com
Contact Person: N. C. Pal
