IPO Details
Bidding Dates
29 Feb 24 - 04 Mar 24
Price Range ₹
120 - 0
Total Equity
₹ 65.88Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
29 Feb 2024
Offer end
04 Mar 2024
Allotment
05 Mar 2024
Refund initiation
06 Mar 2024
Demat transfer
06 Mar 2024
Listing
07 Mar 2024
Offer start
29 Feb 2024
Offer end
04 Mar 2024
Allotment
05 Mar 2024
Refund initiation
06 Mar 2024
Demat transfer
06 Mar 2024
Listing
07 Mar 2024
About Company
Incorporated in February 2018, MVK Agro Food Product Limited operates as a manufacturer of integrated sugar and related products, boasting a licensed crushing capacity of 2,500 TCD. The company's product portfolio includes Molasses, Bagasse, and Pressmud, which are sold as by-products. MVK Agro Food Product Limited distributes its products through brokers, who in turn sell to renowned export houses such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, and Britannia Industries Limited. Moreover, aside from selling through brokers, the company directly supplies commodities to export-oriented traders such as Sakuma Exports Limited, Indian Sugar Exim Corporation, Garden Court, and HRMM Agro Overseas Private Limited.
Year Founded
02-02-2018
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 64.56 |
| Share Capital | 10000000 | 10000000 |
Offer to Public
54,90,000.00 Cr
Highlights
- MVK Agro Food Product Limited offers a range of integrated sugar and related products, allowing for revenue diversification and resilience against market fluctuations in specific product segments.
- Selling products through brokers and supplying to export-oriented traders enables the company to reach a wide customer base, including reputed export houses, enhancing market penetration and sales potential.
- Operating a zero-waste facility demonstrates the company's commitment to sustainability and environmental responsibility, potentially reducing waste disposal costs and improving eco-friendly credentials.
- Despite fluctuating revenues in recent periods, the company's past performance indicates the potential for revenue growth, providing optimism for future profitability and shareholder returns.
- Situated in Nanded District, Maharashtra, the company's manufacturing facility likely benefits from favorable logistical advantages, such as proximity to raw material sources and transportation networks, contributing to cost efficiency and operational effectiveness.
Challenges
- Fluctuating revenues over the past few years may indicate vulnerability to market dynamics, such as price fluctuations in sugar and related products, exposing the company to revenue volatility and potential financial instability.
- Reliance on brokers for product distribution introduces risks associated with intermediary control over sales channels, including pricing negotiations, market access limitations, and potential conflicts of interest.
- Operating in the sugar industry, characterized by intense competition, may pose challenges in maintaining market share, pricing competitiveness, and profitability amidst rivalry from domestic and international players.
- Compliance with regulatory requirements in the sugar industry, including quality standards, labor laws, and environmental regulations, may impose administrative burdens, compliance costs, and legal risks on the company.
- With only 160 employees across various departments, the company may face challenges in resource allocation, talent retention, and organizational capacity-building, potentially hindering operational scalability and efficien
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 28,218.14 | 1,549.00 | 377.46 | 377.46 | 3.7746 |
| 2023 | 15,471.93 | 500.00 | 872.17 | 872.17 | 5.6305 |
