About M.V.K. Agro Food Product Limited
MVK Agro Food Product Limited is launching its IPO. The IPO opens for subscription on 29th February 2024 and will close on 4th March 2024.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.
What does MVK Agro Food Product do?
Incorporated in February 2018, MVK Agro Food Product Limited is an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra. In addition to sugar, they also commercialize and sell other by-products and waste products, namely, Molasses, Bagasse, and Pressmud. The company is also engaged in the generation of Power for captive consumption. It proposes to further diversify its product portfolio by setting up a greenfield unit for manufacturing Ethanol and Bio-CNG and fertilizers.
The company markets and sells its sugar through brokers, and the brokers further market and sell Sugar to institutional confectionary manufacturers, such as PepsiCo Holdings India Private Limited, Parle Biscuits Private Limited, Britannia Industries Limited, etc.
Schedule/Timeline of M.V.K. Agro Food Product Limited IPO
| Issue Period | 29th February to 4th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 05, 2024 |
| Initiation of Refunds | March 06, 2024 |
| Credit of Shares | March 06, 2024 |
| Date of Listing | March 07, 2024 |
| Mandate end date | March 15, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 05, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 05, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the M.V.K. Agro Food Product Limited IPO?
You can apply for the M.V.K. Agro Food Product Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the M.V.K. Agro Food Product Limited IPO?
You can check the allotment status for the M.V.K. Agro Food Product Limited IPO on the website of the Registrar and Transfer agent.