Healthy Life Agritec Limited IPO Detail
Incorporated in 2019, Healthy Life Agritec Limited is engaged in the business of trading Raw Milk, Chicken and Agro Products in the state of Maharashtra and Karnataka. The company has procurement partners, to coordinate the milk procurement process with milk farmers and supply Raw milk to milk wholesalers in the state of Maharashtra.
The company sells milk powder, bakery goods, buttermilk, yogurt, butter, cheese, paneer, milk cream, dips, custard, ghee, and juices under the brand name Healthy Life.
Healthy Life Agritec also procures poultry from poultry growers in the state of Maharashtra and Karnataka and supplies poultry to chicken wholesalers in the state of Maharashtra and Karnataka. The company's products are certified with ISO 9001:2015.
Competitive Strengths:
- Organisation stability, Rich management experience and skilled team.
- Smooth flow of operations.
- Well-defined organizational structure.
- Existing Supplier Relationship.
- Quality Policy.
- Customer Centric Business Model.
- ISO Certifications.
- Comprehensive solution for logistics requirement.
Company Promoters
Ms. Divya Mojjada and M/s. Cronosglobal Investments & Holdings Private Limited are the company promoters.IPO Details
| IPO Opening Date | Jul 13, 2022 |
| IPO Closing Date | Jul 18, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹10.00 Cr |
| Fresh Issue | 10,000,000 shares of ₹10 (aggregating up to ₹10.00 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Tentative Timetable
The Healthy Life Agritec Limited IPO open date is Jul 13, 2022, and the close date is Jul 18, 2022. The issue may list on Jul 26, 2022.
| IPO Open Date | Jul 13, 2022 |
| IPO Close Date | Jul 18, 2022 |
| Basis of Allotment Date | Jul 21, 2022 |
| Initiation of Refunds | Jul 22, 2022 |
| Credit of Shares to Demat Account | Jul 25, 2022 |
| IPO Listing Date | Jul 26, 2022 |
IPO Lot Size
The Healthy Life Agritec Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100000 |
| Maximum | 2 | 20000 | ₹200000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 54.57% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 571.79 | 411.55 | 6.5 |
| 31-Mar-22 | 1464.35 | 2615.71 | 76.14 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
Healthy Life Agritec Limited IPO Registrar:
Cameo Corporate Services Limited
Healthy Life Agritec Limited IPO Lead Manager(s):
Finshore Management Services Limited (Past IPO Performance)
Company Contact Information:
Healthy Life Agritec Limited
Survey No 97/3, 4,8, 96/1, Cronos Holding, Western Express
Highway, Kashimira, Thane - 401107
Maharashtra
