M.V.K. Agro Food Product Ltd

About M.V.K. Agro Food Product Ltd Incorporated in February 2018, M.V.K. Agro Food Product Ltd is on a mission to redefine the landscape of natural resource processing. The company's visionary approach entails the establishment of a state-of-the-art greenfield unit dedicated to the manufacturing of Ethanol, Bio-CNG, and Fertilizer. At the heart of their operations lies a commitment to sustainability. By harnessing the potential of Molasses, a by-product of various agricultural processes, M.V.K. Agro efficiently produces Ethanol, a crucial component in various industrial applications. Through meticulous distillation and purification processes, they ensure the highest quality of Fuel Ethanol, poised to meet the stringent demands of modern industries. Moreover, the company's innovative practices extend to the utilization of Bagasse and Press Mud for the generation of bio-gas, a renewable energy source. This bio-gas is not only bottled for industrial usage but also yields valuable by-products, which are repurposed as fertilizers. By closing the loop on waste management, M.V.K. Agro exemplifies the principles of circular economy, minimizing environmental impact while maximizing resource efficiency.Central to their operational ethos is a direct engagement with local farmers. By sourcing raw materials directly from the source, M.V.K. Agro ensures fair compensation for farmers while eliminating intermediaries. This not only empowers local agricultural communities but also reduces the carbon footprint associated with transportation, further bolstering their sustainability credentials. Furthermore, M.V.K. Agro's commitment to community development is exemplified through its 'Farmer Development Division'. Through this initiative, agricultural experts impart invaluable knowledge and techniques to local farmers, fostering a culture of sustainable farming practices. Additionally, the company sponsors the education of farmers, enabling them to gain technical expertise and elevate their agricultural output. As M.V.K. Agro Food Product Ltd prepares for its forthcoming IPO, it stands as a beacon of excellence in the natural resource processing industry. With a diversified product portfolio, a focus on sustainability, and a strategic vision for the future, the company is poised for continued growth and success, promising investors a compelling opportunity to partake in their journey towards a greener, more sustainable future. Setting up a greenfield unit in Nanded, Maharashtra for (i) manufacturing Ethanol and (ii) generation and bottling of Bio-CNG and Fertilizer (hereinafter referred as the “Project”); and General Corporate Purposes. Here are key details about the M.V.K. Agro Food Product Ltd IPO: Company Name M.V.K. Agro Food Product Limited M.V.K. Agro Food Product Ltd IPO Opening Date February 29, 2024 Company Established On 2018 M.V.K. Agro Food Product Ltd IPO Allotment Status March 5, 2024 M.V.K. Agro Food Product Ltd IPO Closing Date March 4, 2024 M.V.K. Agro Food Product Ltd IPO Listing Date March 7, 2024 Credit of Shares to the Demat Account March 6, 2024 M.V.K. Agro Food Product Ltd IPO Lot Size 1200 Shares M.V.K. Agro Food Product Ltd IPO Face Value ₹10 per share M.V.K. Agro Food Product Ltd IPO to be Listed on NSE M.V.K. Agro Food Product Ltd IPO Issue Size ₹65.88 Cr M.V.K. Agro Food Product Ltd IPO Price band ₹120 per share