M.V.K. Agro Food Product Ltd - IPO

M.V.K. Agro Food Product Ltd IPO Details

Public issue of up to 54,90,000 equity shares of face value Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 120/- per equity share (including a securities premium of Rs. 110/- per equity share) (the Issue Price), aggregating upto Rs. 65.88 crores (Issue). Out of the issue, 2,74,800 equity shares aggregating to Rs. 3.30 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 52,15,200 equity shares of face value of Rs. 10 each at an issue price of Rs. 120/- per equity share aggregating to Rs. 62.58 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 35.44% and 33.67%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price is 12 times of the face value.

Objective of issue

Setting up a greenfield unit in Nanded Maharashtra for Mfg Ethanol & Generation and Bottling of Bio CNG and Fertilizer. General Corporate Purposes.

M.V.K. Agro Food Product Ltd Contact Details

M.V.K. Agro Food Product Ltd, T-34 2nd Floor, Okhla Industrial Are, Phase II, New Delhi - 110020

Phone - 91-011-26387281/83

Fax -

Email - info@mvkagrofood.com

Website - www.mvkagrofood.com