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M.V.K. Agro Food IPO
Price Band
₹
Issue Size
₹65.88 Cr
Lot Size
1,200 shares
Min Investment
₹144,000
GMP
—
Issue Price
₹120.0
M.V.K. Agro Food IPO AI Summary
- M.V.K. Agro Food IPO is listed on NSE SME in the Sugar sector.
- Subscription window: 29 Feb–04 Mar 2024, listing on 07 Mar 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
M.V.K. Agro Food IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
M.V.K. Agro Food IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2023-09-30
| 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 |
Key Ratios
EPS
₹3.77
NAV
₹35.35
ROE
32.85%
ROCE
13.44%
RoNW
32.85%
P/B Value
4.49
P/E Ratio
31.79
Market Cap
₹185.88 Cr
PAT Margin
4.02%
Debt/Equity
6.84
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Dhampur Sugar Mills Ltd. | 15.71 | 0.15% | 10.48 | 23.72 | 23.72 |
| Balrampur Chini Mills Ltd. | 143.52 | 9.6% | 28.78 | 13.94 | 13.94 |
| Dwarikesh Sugar Industries Ltd. | 39.29 | 14.08% | 15.6 | 5.57 | 5.57 |
| Ugar Sugar Works Ltd. | 19.63 | 46.14% | 8.85 | 9.16 | 9.16 |
| M.V.K. Agro Food Product Ltd This IPO | 26.75 | 28.22% | 15.9 | 7.55 | 7.55 |
Promoters
Marotrao Vyankatrao Kawale, Sagarbai Marotrao Kawale, Ganeshrao Vyankatrao Kawale, Kishanrao Vyankatarao Kawale and Sandip Marotrao Kawale
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹25.83 Cr in the fiscal year 2021, rising to ₹132.64 Cr by the fiscal year 2022. However, it decreased to ₹93.94 Cr in the fiscal year 2023 and was ₹60.44 Cr for the six months ended September 30, 2023, though this is a 6-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.40 Cr in the fiscal year 2021, increasing to ₹3.20 Cr in the fiscal year 2022. It further rose to ₹3.77 Cr in the fiscal year 2023 and reached ₹4.30 Cr for the six months ended September 30, 2023, though this is a 6-month figure, not a full year, so isn't directly comparable.
Valuation
At an issue price of ₹120.0, M.V.K. Agro Food has an implied P/E ratio of approximately 15.9, compared to peers trading at P/E ratios ranging from 8.85 to 28.78.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price of the IPO based on demand and supply in the grey market. A higher GMP suggests strong demand, while a lower or negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and their own investment strategy.
Who May Want to Wait
Investors who prefer stable and established companies with consistent earnings may want to avoid this IPO, as it operates in a cyclical industry with inherent risks.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may open at a higher price than the issue price due to high demand, others may not. Factors influencing listing gains include market conditions, investor sentiment, and the company's financial performance.
This evaluation is generated from M.V.K. Agro Food's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does M.V.K. Agro Food IPO open and close?
M.V.K. Agro Food IPO opens on 29 February 2024 and closes on 04 March 2024.
When does M.V.K. Agro Food IPO list on the stock exchange?
M.V.K. Agro Food IPO listed on 07 March 2024 at ₹120.0.
What is the lot size for M.V.K. Agro Food IPO?
The lot size for M.V.K. Agro Food IPO is 1200 shares, requiring a minimum investment of ₹144,000.
What is the lot size for this IPO?
The lot size for M.V.K. Agro Food's IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹144,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹120.0.
When does the IPO open and close?
The IPO opens on February 29, 2024, and closes on March 4, 2024.
When is the listing date?
The listing date for the IPO is March 7, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Feb 2024
Close
04 Mar 2024
Allotment
05 Mar 2024
Listing
07 Mar 2024
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