Proventus Agrocom Limited IPO Detail
Incorporated in 2015, Proventus Agrochem Limited is an integrated health food brand. The company has its presence in the entire range of dry fruits, nuts, seeds, and berries. The product of company also includes various healthy snacking products across the value chain.
The motto of Proventus is to create expertise in healthy food products. They strive at building the revenue stream by moving across the value chain from origination to distribution and creating an integrated business model - from "farm to homes".
The company is attempting to fill the vacuum in the healthy snacking range in the Indian market, especially in the dry fruits, nuts, seeds, and berries category.
The products of the company are marketed under the brand - "ProV".
The product range of Proventus Agrochem Limited includes Nuts, Dry Fruits, Seeds, and Berries like:
- Almonds
- Pistachios
- Cashews
- Walnuts
- Raisins
- Other Nuts, Dry Fruits, Seeds and Berries
The Group Proventus Agrochem Limited operates through its Material Subsidiaries like Prov Foods Private Limited, and Proventus Retail Private Limited.
Company Promoters
IPO Details
| IPO Opening Date | May 24, 2023 |
| IPO Closing Date | May 26, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹771 per equity share |
| Market Lot | 160 Shares |
| Min Order Quantity | 160 Shares |
| Listing At | NSE SME |
| Issue Size | ₹69.54 Cr |
| Fresh Issue | 671,853 shares (aggregating up to ₹51.80 Cr) |
| Offer for Sale | 230,147 shares of ₹10 (aggregating up to ₹17.74 Cr) |
| Retail Portion | 50% |
IPO Tentative Timetable
The Proventus Agrocom Limited IPO open date is May 24, 2023, and the close date is May 26, 2023. The issue may list on Jun 05, 2023.
| IPO Open Date | May 24, 2023 |
| IPO Close Date | May 26, 2023 |
| Basis of Allotment Date | May 31, 2023 |
| Initiation of Refunds | Jun 01, 2023 |
| Credit of Shares to Demat Account | Jun 02, 2023 |
| IPO Listing Date | Jun 05, 2023 |
IPO Lot Size
The Proventus Agrocom Limited IPO market lot size is 160 shares. A retail-individual investor can apply for up to 1 lots (160 shares or ₹123360).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 160 | ₹123360 |
| Maximum | 1 | 160 | ₹123360 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 8843.36 | 30173.92 | 187.90 |
| 31-Mar-22 | 10131.13 | 40434.57 | 114.03 |
| 31-Dec-22 | 9735.37 | 31909.63 | 189.82 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- Funding working capital requirements of the Company;
- Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited;
- General Corporate Purposes.
Proventus Agrocom Limited IPO Registrar:
Bigshare Services Pvt Ltd
Proventus Agrocom Limited IPO Lead Manager(s):
Sundae Capital Advisors
Company Contact Information:
Proventus Agrocom Limited
Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Village Mulgaon, MV Road, Andheri (East), Near Acme Plaza
Mumbai
Mumbai
