M.V.K.Agro Food Product IPO vs Purv Flexipack IPO

Comparison between M.V.K.Agro Food Product IPO and Purv Flexipack IPO.

IPO Details

M.V.K.Agro Food Product IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Purv Flexipack IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of M.V.K.Agro Food Product IPO is up to ₹62.58 Cr whereas the issue size of the Purv Flexipack IPO is up to ₹37.74 Cr. The final issue price of M.V.K.Agro Food Product IPO is ₹120.00 per share and of Purv Flexipack IPO is ₹71.00 per share.

 M.V.K.Agro Food Product IPOPurv Flexipack IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹70.00 per share
Issue Price (Upper)₹71.00 per share
Issue Price (Final)₹120.00 per share₹71.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size52,15,200 shares53,15,200 shares
Fresh Issue Size (Amount)up to ₹62.58 Crup to ₹37.74 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,15,200 shares53,15,200 shares
Issue Size Total (Amount)up to ₹62.58 Crup to ₹37.74 Cr

IPO Timetable

M.V.K.Agro Food Product IPO opens on Feb 29, 2024, while Purv Flexipack IPO opens on Feb 27, 2024. The closing date of M.V.K.Agro Food Product IPO and Purv Flexipack IPO is Mar 04, 2024, and Feb 29, 2024, respectively.

 M.V.K.Agro Food Product IPOPurv Flexipack IPO
Anchor Bid DateFeb 26, 2024
Issue OpenFeb 29, 2024Feb 27, 2024
Issue CloseMar 04, 2024Feb 29, 2024
Basis Of Allotment (Tentative)Mar 05, 2024Mar 01, 2024
Initiation of Refunds (Tentative)Mar 06, 2024Mar 04, 2024
Credit of Share (Tentative)Mar 06, 2024Mar 04, 2024
Listing date (Tentative)Mar 07, 2024Mar 05, 2024
Anchor Lockin End date 1Mar 31, 2024
Anchor Lockin End date 2May 30, 2024

Financials & KPIs

M.V.K.Agro Food Product IPO P/E ratio is 31.79, as compared to Purv Flexipack IPO P/E ratio of 13.17.

 M.V.K.Agro Food Product IPOPurv Flexipack IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets148.04154.72116.02114.46
Total Income60.4493.94132.6425.83
Profit After Tax4.303.773.201.40
NET Worth17.6813.389.606.40
Reserves and Surplus12.688.384.601.40
Total Borrowing62.8191.5660.0174.96
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets283.16258.53181.47154.18
Total Income139.36341.08229.44137.80
Profit After Tax4.308.266.275.68
NET Worth81.5276.1967.9358.98
Reserves and Surplus67.4162.0753.8144.86
Total Borrowing150.14123.5183.4070.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0092.17
Promoter Shareholding (Post-Issue)64.56
P/E Ratio31.7913.17
Market Cap₹185.88 Cr.₹148.98 Cr.
ROE32.85%11.46%
ROCE13.44%18.50%
Debt/Equity6.841.62
EPS₹3.77₹5.39
RoNW32.85%10.84%

Shares Offered

In the M.V.K.Agro Food Product IPO Retail Individual Investors (RII) are offered 26,07,600 shares while in Purv Flexipack IPO retail investors are offered 26,07,600 shares. Qualified Institutional Buyers (QIB) are offered in M.V.K.Agro Food Product IPO and 10,52,800 shares in Purv Flexipack IPO.

 M.V.K.Agro Food Product IPOPurv Flexipack IPO
Anchor Investor Reservation15,16,800 shares
Market Maker Reservation2,74,800 shares3,48,800 shares
QIB10,52,800 shares
NII26,07,600 shares8,44,800 shares
RII26,07,600 shares19,00,800 shares
Employee
Others
Total52,15,200 shares53,15,200 shares

Bids Received (Subscription)

M.V.K.Agro Food Product IPO subscribed 8.46x in total, whereas Purv Flexipack IPO subscribed 421.78x.

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M.V.K.Agro Food Product IPO Vs Purv Flexipack IPO