MVK Agro Food Product IPO allotment: Check status, listing date, GMP and other details

The allotment of the SME IPO of MVK Agro Food Product will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Investors can check the status of MVK Agro Food Product IPO allotment by logging in to the official website of the registrar, which is Mas Services in this case.

Follow the step by step process mentioned below to check the status of allotment.


Step 1: Visit the IPO Allotment Status page on Mas Services website

Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

MVK Agro Food Product GMP

In the unlisted market, the company's shares have currently no GMP. The company offered its shares at Rs 120 apiece and the tentative listing date is fixed as March 7.

Also Read: JG Chemicals IPO opens on Tuesday. 10 things to know before subscribing to the issue

The IPO received decent response from investors with an overall subscription of 8 times at close.

Funds raised from the public offer will be used for setting up a greenfield unit in Nanded and other general corporate purposes.

MVK Agro is an integrated sugar and other allied products manufacturing company operating from Nanded in Maharashtra. It operates a single location sugar unit having licensed crushing capacity of 2,500 TCD. In addition to sugar, the company also commercialises and sells its by-products and waste products, namely, Molasses, Bagasse and Pressmud.

Sugar production is estimated to be 340 lakh tonnes in 2022-23, as compared to the peak of 358 lakh tonnes produced in the previous in 2021-22, with the highest ever diversion towards ethanol estimated at 45 lakh tonnes, according to the Indian Sugar Mills Association (ISMA).

For the period ended September 2023, the company clocked revenues of Rs 60.12 crore and net profit of Rs 4.3 crore.

Horizon Management is acting as the lead manager to the issue and Mas Services is the registrar.

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