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Verify the Subscription Status and GMP Today for M.V.K. Agro Food IPO

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<p><strong>M.V.K. Agro Food IPO:</strong> The small- and medium-sized company M.V.K. Agro Food Product Ltd.’s initial public offering (IPO), which was made available to the public on February 29th, has already sold out. The Rs 65.88-crore SME initial public offering (IPO) has attracted 1.64 per cent subscription up to 11:04 am on the second day of bidding, with offers for 85,74,000 shares against the 52,15,200 shares that are on sale.</p>
<p><img decoding=”async” class=”alignnone wp-image-464249″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-verify-the-subscription-status-and-gmp-today-for-m-v-k-agro-food-ipo-happy-2023-12.jpg” alt=”theindiaprint.com verify the subscription status and gmp today for m v k agro food ipo happy 2023 12″ width=”1007″ height=”671″ title=”Verify the Subscription Status and GMP Today for M.V.K. Agro Food IPO 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-verify-the-subscription-status-and-gmp-today-for-m-v-k-agro-food-ipo-happy-2023-12.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-verify-the-subscription-status-and-gmp-today-for-m-v-k-agro-food-ipo-happy-2023-12-150×100.jpg 150w” sizes=”(max-width: 1007px) 100vw, 1007px” /></p>
<p>There have been 2.71 subscriptions for the retail quota and 0.58 subscriptions for the non-institutional investor (NII) category.</p>
<p>The M.V.K. Agro Food initial public offering (IPO), which will conclude on March 4, has a set price of Rs 120 per share.</p>
<p>On March 5, the M.V.K. Agro Food IPO will be allotted, and on March 7, 2024, it will be listed on the NSE SME.</p>
<p><strong>Currently, M.V.K. Agro Food IPO GMP</strong></p>
<p>Market watchers claim that unlisted shares of M.V.K. Agro Food Product Ltd. are selling on the grey market for Rs. 30 more than the company’s issue price. The gray market anticipates a 25% listing gain from the public offering, as indicated by the Rs. 30 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.</p>
<p>The willingness of investors to pay above the issue price is shown by the “grey market premium.”</p>
<p><strong>Details of M.V.K. Agro Food’s IPO</strong></p>
<p>The M.V.K. Agro Food IPO is a completely new 54.9 lakh share offering. Each share of the M.V.K. Agro Food IPO is priced at Rs 120.</p>
<p>Investors must submit an application for a minimum of one lot, or 1,200 shares. Retail investors are needed to invest a minimum of Rs 1,44,000. For HNIs, the minimum lot size investment is two lots (2,400 shares), or Rs 2,88,000.</p>
<p>The registrar of the M.V.K. Agro Food IPO is Mas Services Limited, while the book-running lead manager of the offering is Horizon Management Private Limited. Nikunj Stock Brokers is the market maker for the M.V.K. Agro Food IPO.</p>


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