M.V.K. Agro Food IPO

M.V.K. Agro Food Product Ltd

₹1,44,000 /1200 sharesMinimum Investment

M.V.K. Agro Food IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹120.00₹79.00-₹41.00 (34.17%)

M.V.K. Agro Food IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Feb ‘24 - 4 Mar ‘24₹1,44,0001,200₹120 - ₹120
Issue SizeIPO Doc
65.88Cr
RHP PDF

About the company

M.V.K. Agro Food Product Ltd is an integrated sugar and allied products manufacturing company located in Nanded District, Maharashtra. It operates a singular location sugar unit with a licensed crushing capacity of 2,500 TCD. The company’s business is divided into two segments: Sugar and its by-products/waste products. Apart from sugar production, the company commercializes and sells Molasses, Bagasse, and Pressmud as by-products and waste products. Additionally, it is involved in power generation for captive consumption.;
Founded in
2018
Managing director
Mr. Marotrao Vyankatrao Kawale
Parent organisation
M.V.K. Agro Food Product Ltd

Strength and risks

Strengths
Risks
The company markets and sells its sugar through relationships with brokers. These brokers, in turn, distribute the products to various industrial sectors, including FMCG manufacturers such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, Britannia Industries Limited, etc.
The company has integrated operations, under which, residual materials and by-products from one production process are utilized for power generation and commercially supplied to third parties for sustainable product manufacturing.
The company has a single-location sugar unit having a licensed crushing capacity of 2,500 TCD. Its manufacturing facility is also equipped to segregate its by-products and waste products, namely, Molasses, Bagasse and Pressmud and the generation of power for captive consumption.
As per the company, it has approximately 177 villages allotted to it under the cane area allotment order by the Sugarcane Commissioner. These are located in the vicinity of its factory unit.
The company has installed a power plant with electricity generation capacity of 3 MW from Bagasse. As per the information contained in RHP, the company’s entire electricity requirement during the crushing season is met out of the electricity generated by it in-house by use of Bagasse.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular120 - 120₹2 Lakh
High Networth Individual120 - 120₹2 - 5 Lakh
For M.V.K. Agro Food IPO, eligible investors can apply as Regular.
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