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

Comparision between M.V.K. Agro Food IPO and Purv Flexipack IPO.

IPO Details

M.V.K. Agro Food IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Purv Flexipack IPO is a SME Book Built Issue proposed to list at NSE SME.

  M.V.K. Agro Food IPO Purv Flexipack IPO
Logo M.V.K. Agro Food IPO Logo Purv Flexipack IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Horizon Management Private Limited Holani Consultants Private Limited
Registrar Mas Services Limited Link Intime India Private Ltd
Market Maker Nikunj Stock Brokers Limited Holani Consultants Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of M.V.K. Agro Food IPO is up to ₹65.88 Cr whereas the issue size of the Purv Flexipack IPO is up to ₹40.21 Cr. The final issue price of M.V.K. Agro Food IPO is ₹120.00 per share and of Purv Flexipack IPO is ₹71.00 per share.

  M.V.K. Agro Food IPO Purv 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)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 54,90,000 shares 56,64,000 shares
Fresh Issue Size (Amount) up to ₹65.88 Cr up to ₹40.21 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,90,000 shares 56,64,000 shares
Issue Size Total (Amount) up to ₹65.88 Cr up to ₹40.21 Cr

IPO Timetable

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

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

Financials

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

  M.V.K. Agro Food IPO Purv Flexipack IPO
Financial

M.V.K. Agro Food Product Ltd Financial Information (Restated)

M.V.K. Agro Food Product Ltd's revenue decreased by -29.18% and profit after tax (PAT) rose by 18.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,804.0515,471.9311,602.0611,445.70
Revenue6,044.369,393.6313,263.562,583.10
Profit After Tax430.07377.45319.81140.41
Net Worth1,767.741,337.67960.22640.41
Reserves and Surplus1,267.74837.67460.22140.41
Total Borrowing6,281.239,156.106,001.327,496.33
Amount in ₹ Lakhs

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28,315.6425,852.8318,146.7315,417.62
Revenue13,935.7934,107.8322,943.8113,780.26
Profit After Tax430.13826.13626.73567.50
Net Worth8,152.427,619.226,793.095,898.36
Reserves and Surplus6,740.546,207.345,381.214,486.48
Total Borrowing15,013.9612,350.988,340.107,077.77
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 92.17%
Promoter Shareholding (Post-Issue) 64.56%
P/E Ratio 31.79 13.17
Market Cap ₹185.88 Cr. ₹148.98 Cr.
ROE 32.85%% 11.46%%
ROCE 13.44%% 18.50%%
Debt/Equity 6.84 1.62
EPS ₹3.77 ₹5.39
RoNW 32.85%% 10.84%%

Shares Offered

In the M.V.K. Agro Food IPO retail 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 0 shares in M.V.K. Agro Food IPO and 10,52,800 shares in Purv Flexipack IPO.

  M.V.K. Agro Food IPO Purv Flexipack IPO
Anchor Investor Reserveration 15,16,800 shares
Market Maker Reserveration 2,74,800 shares 3,48,800 shares
QIB 0 shares 10,52,800 shares
NII 26,07,600 shares 8,44,800 shares
RII 26,07,600 shares 19,00,800 shares
Employee 0 shares 0 shares
Others
Total 52,15,200 shares 37,98,400 shares

Bids Received (Subscription)

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

  M.V.K. Agro Food IPO Purv Flexipack IPO
QIB (times) 157.32x
NII (times) 3.90x 690.72x
Big NII (times)
Small NII (times)
RII (times) 13.01x 448.73x
Employee (times)
Other (times)
Total (times) 8.46x 421.78x

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