
Emerging SME Services · NSE
M.V.K. Agro Food Product Limited, incorporated on February 2, 2018, is a public limited company specializing in integrated sugar and allied products manufacturing. Based in Nanded District, Maharashtra, the company operates a single-location sugar unit with a licensed crushing capacity of 2,500 Tons Cane per Day (TCD) and commercializes by-products such as Molasses (120 TPD), Bagasse (750 TPD), and Pressmud (90 TPD). Since commencing sugar manufacturing operations in 2020, M.V.K. Agro has implemented backward integration to enhance the commercial viability of its by-products and waste products, including co-generation capabilities for power generation. Through strategic expansion and increasing production capacities, the company has positioned itself as a key player in the sugar and allied products industry, demonstrating a strong commitment to growth and diversification.
Price Band
₹120
Issue Size
₹65.88 Cr
Lot Size
1200 shares
GMP
Est. Listing
₹120
at current GMP
Subscribed
8.51x
overall
Open
29 Feb 2024
Close
4 Mar 2024
Allotment
5 Mar 2024
Refund
6 Mar 2024
Demat Credit
7 Mar 2024
Listing
7 Mar 2024
Designated Registrar: Mas Services Limited
Allotment Date
5 Mar 2024
Basis finalization
Refunds Initiate
6 Mar 2024
Mandate release
Demat Credit
7 Mar 2024
Shares in demat
Listing Debut
7 Mar 2024
Trading begins
M.V.K. Agro Food Product Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹65.88 Crores. The shares are offered at a price band of ₹120 to ₹120 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-03-04, the basis of allotment is scheduled to be finalized on 2024-03-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Mas Services Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.