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
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 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

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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	28,315.64	25,852.83	18,146.73	15,417.62
Revenue	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
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

Compare with others

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

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