M.V.K. Agro Food Product Ltd

Company Profile
Company Name M.V.K. Agro Food Product Ltd
Open Date 29-02-2024
Close Date 04-03-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹120 per share
Issue Size 54,90,000 shares
Application Amount ₹1,44,000
Recommendation Apply
Incorporated in February 2018, MVK Agro Food Product Limited has its registered office in Umra, Maharashtra, India. The company 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. In addition to selling its products to brokers, the company also supplies commodities to exportoriented traders. The company operates a zero-waste manufacturing facility. Waste generated is either sold or used to generate power. As of September 30th 2023, the Company had 160 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 1144.57 1160.2 1547.19 1,480.40
Net Assets 64.04 96.02 133.76 176.77
Total Borrowings 749.63 600.13 915.61 628.12
Total Revenue 258.31 1326.35 939.36 604.43
Profit After Tax 14.04 31.98 37.74 43.00

Tentative Timeline

Opening Date 29-02-2024
Closing Date 04-03-2024
Basis of Allotment 05-03-2024
Initiation of Refunds 06-03-2024
Credit of Shares to Demat 06-03-2024
Listing Date 07-03-2024

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.
General corporate purposes.

Contact Information

Registered Office M.V.K. Agro Food Product Ltd GUT No. 44 and 46 Kusumnagar, At Post Waghalwada, Umari, Nanded – 431 807
Phone +91 862 309 4480
Email info@mvkagrofood.com
Website https://mvkagrofood.com/

Registrar Details

Name Mas Services Limited
Phone (011) 2610 4142
Email ipo@masserv.com
Website https://www.masserv.com/opt.asp

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 64.56%

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