M.V.K. Agro Food IPO vs Sadhav Shipping IPO

Comparision between M.V.K. Agro Food IPO and Sadhav Shipping IPO.

IPO Details

M.V.K. Agro Food IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	M.V.K. Agro Food IPO	Sadhav Shipping IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Isk Advisors Pvt Ltd
Registrar	Mas Services Limited	Maashitla Securities Private Limited
Market Maker	Nikunj Stock Brokers Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Sadhav Shipping IPO is up to ₹38.18 Cr. The final issue price of M.V.K. Agro Food IPO is ₹120.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

	M.V.K. Agro Food IPO	Sadhav Shipping IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹120.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	54,90,000 shares	40,18,800 shares
Fresh Issue Size (Amount)	up to ₹65.88 Cr	up to ₹38.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,90,000 shares	40,18,800 shares
Issue Size Total (Amount)	up to ₹65.88 Cr	up to ₹38.18 Cr

IPO Timetable

M.V.K. Agro Food IPO opens on Feb 29, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of M.V.K. Agro Food IPO and Sadhav Shipping IPO is Mar 04, 2024, and Feb 27, 2024, respectively.

	M.V.K. Agro Food IPO	Sadhav Shipping IPO
Anchor Bid Date
Issue Open	Feb 29, 2024	Feb 23, 2024
Issue Close	Mar 04, 2024	Feb 27, 2024
Basis Of Allotment (Tentative)	Mar 05, 2024	Feb 28, 2024
Initiation of Refunds (Tentative)	Mar 06, 2024	Feb 29, 2024
Credit of Share (Tentative)	Mar 06, 2024	Feb 29, 2024
Listing date (Tentative)	Mar 07, 2024	Mar 01, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

M.V.K. Agro Food IPO P/E ratio is 31.79, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

M.V.K. Agro Food IPO

Sadhav Shipping 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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,804.05	15,471.93	11,602.06	11,445.70
Revenue	6,044.36	9,393.63	13,263.56	2,583.10
Profit After Tax	430.07	377.45	319.81	140.41
Net Worth	1,767.74	1,337.67	960.22	640.41
Reserves and Surplus	1,267.74	837.67	460.22	140.41
Total Borrowing	6,281.23	9,156.10	6,001.32	7,496.33
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,113.49	11,628.71	6,909.44	6,117.64
Revenue	3,385.69	7,890.59	6,977.94	6,123.67
Profit After Tax	406.97	775.44	300.93	330.77
Net Worth	4,501.44	4,094.46	3,503.51	3,205.61
Reserves and Surplus	4,206.18	3,799.21	3,208.26	2,910.36
Total Borrowing	6,681.84	5,527.45	2,083.08	1,776.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

96.44%

Promoter Shareholding (Post-Issue)

64.56%

69.44%

P/E Ratio

31.79

12.66

Market Cap

₹185.88 Cr.

₹136.35 Cr.

ROE

32.85%%

20.41%%

ROCE

13.44%%

14.36%%

Debt/Equity

6.84

EPS

₹3.77

₹7.50

RoNW

32.85%%

18.94%%

Shares Offered

In the M.V.K. Agro Food IPO retail investors (RII) are offered 26,07,600 shares while in Sadhav Shipping 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 0 shares in Sadhav Shipping IPO.

	M.V.K. Agro Food IPO	Sadhav Shipping IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,74,800 shares	2,02,800 shares
QIB	0 shares	0 shares
NII	26,07,600 shares	19,08,000 shares
RII	26,07,600 shares	19,08,000 shares
Employee	0 shares	0 shares
Others
Total	52,15,200 shares	38,16,000 shares

Bids Received (Subscription)

M.V.K. Agro Food IPO subscribed 8.46x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

	M.V.K. Agro Food IPO	Sadhav Shipping IPO
QIB (times)
NII (times)	3.90x	184.58x
Big NII (times)
Small NII (times)
RII (times)	13.01x	65.52x
Employee (times)
Other (times)
Total (times)	8.46x	135.69x

Compare with others

M.V.K. Agro Food IPO	Sadhav Shipping IPO
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Shree Karni Fabcom IPO	Pune E-Stock Broking IPO
V R Infraspace IPO	M.V.K. Agro Food IPO
Sona Machinery IPO	Owais Metal and Mineral Processing IPO
Pune E-Stock Broking IPO	Purv Flexipack IPO
Owais Metal and Mineral Processing IPO	Deem Roll Tech IPO
Purv Flexipack IPO	Zenith Drugs IPO
Sadhav Shipping IPO	Esconet Technologies IPO
Deem Roll Tech IPO	Trust Fintech IPO
Zenith Drugs IPO	Interiors and More IPO

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