M K Proteins Limited IPO Review – New Issue In NSE SME

M K Proteins Limited is in the business of manufacturing and trading of edible oils. They are coming up with their initial public offering that will open on 31st March 2017. I will post my M K Proteins Limited IPO Review in this short write up.

Issue Details:
Issue Date: March 31, 2017 – April 7, 2017
Face Value: Rs. 10 per equity share
Offer Price: Rs. 70 per equity share
Minimum Application: 2000 shares
Money Payable During Application: Rs. 700
Listing On: NSE SME

The objective of the issue:
1) Meeting working capital needs
2) Issue expenses

As you know M K Proteins Ltd is in manufacturing and trading of edible oils. The company has products like rice bran oil, sunflower oil, cottonseed oil, soybean oil, palm oil etc. The company started their operations in 2012 and is located at Ambala, Haryana. The company is being promoted by Shri Vinod Kumar, Shri Raj Kumar, Shri Parvind Kumar and Smt Sunila Garg.

The company has an authorized capital of 5 crores and a paid up capital of 67,72,000. The company is falling into the category of SME and their shares will be listed on NSE SME exchange. If you don’t know the meaning of SME check my post: Focus Lighting And Fixtures Ltd IPO Review – Decent Gains Expected.

Financial Aspects:
M K Proteins Limited IPO
So from the image above we can see that since inception the company is making consistent profits and in the first 9 months of FY 2017 also they have managed to profit Rs. 0.41 crores against a turnover of Rs. 110.98 crores.

M K Proteins Limited IPO Review: Once again this NSE SME issue looks expensive at a price band of Rs. 70 per equity share. But as the company is making profits since inception I hope they can compete with peers better after this cash flow and I recommend a cautious APPLY to the investors. Keep for medium to long term.

Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.

Categories: IPO Review

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