Proventus Agrochem Limited, established in 2015, is a well-integrated health food brand that offers a diverse range of dry fruits, nuts, seeds, and berries. The company takes pride in being a complete solution provider for healthy snacking products throughout the value chain.
With a strong commitment to expertise in healthy food products, Proventus aims to create an integrated business model, spanning from origination to distribution – effectively bridging the gap in the Indian market for healthy snacking options, especially in the dry fruits, nuts, seeds, and berries category.
The company’s products, marketed under the brand “ProV,” are designed to cater to health-conscious consumers, providing them with premium quality nuts, dry fruits, seeds, and berries. Their product range includes popular choices such as Almonds, Pistachios, Cashews, Walnuts, Raisins, and a variety of other nuts, dry fruits, seeds, and berries.
As part of its operations, Proventus Agrochem Limited operates through its Material Subsidiaries, such as Prov Foods Private Limited and Proventus Retail Private Limited.
By focusing on the entire value chain from “farm to homes,” Proventus is dedicated to creating a positive impact on people’s lives by promoting healthy snacking choices and offering a wide array of nutritious products.
Proventus Agrocom Limited Stock Quote #
- Open: ₹1,107.00
- High – Low: ₹1,107.00 – ₹1,020.00
- Previous Close: ₹1,125.00
- Total Traded Value: 4,160
- Updated On: Jul 20, 2023 4:00 PM
Proventus Agrocom IPO Details #
| IPO Date | May 24, 2023 to May 26, 2023 |
| Listing Date | Jun 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹771 per share |
| Lot Size | 160 Shares |
| Total Issue Size | 901,920 shares (aggregating up to ₹69.54 Cr) |
| Fresh Issue | 671,773 shares (aggregating up to ₹51.79 Cr) |
| Offer for Sale | 230,147 shares of ₹10 (aggregating up to ₹17.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,755,768 |
| Share holding post issue | 3,427,541 |
| Market Maker portion | 45,100 shares Ajcon Global Services |
Proventus Agrocom IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 45,100 (5.00%) |
| Other Shares Offered | 428,430 (47.50%) |
| Retail Shares Offered | 428,450 (47.50%) |
| Total Shares Offered | 901,980 (100%) |
Proventus Agrocom IPO Timetable (Tentative) #
Proventus Agrocom IPO opens on May 24, 2023, and closes on May 26, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 24 May 2023 |
| Closing Date | Friday, 26 May 2023 |
| Basis of Allotment | Wednesday, 31 May 2023 |
| Initiation of Refunds | Thursday, 1 June 2023 |
| Credit of Shares to Demat | Friday, 2 June 2023 |
| Listing Date | Monday, 5 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 26, 2023 |
Proventus Agrocom IPO Lot Size #
The Proventus Agrocom IPO lot size is 160 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹123,360 |
| Retail (Max) | 1 | 160 | ₹123,360 |
| HNI (Min) | 2 | 320 | ₹246,720 |
| Lot Size Calculator | |||
Proventus Agrocom IPO Promoter Holding #
Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna, and Shree JMD Investment Advisors LLP are the Promoters of the Company.
| Pre Issue Share Holding | 92.29% |
| Post Issue Share Holding | 70.84% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8,936.94 | 90,089.01 | -2,190.46 | 5,663.58 | 4,731.01 | 1,728.54 |
| 31-Mar-21 | 8,843.36 | 30,173.92 | 187.90 | 5,844.50 | 4,911.92 | 2,940.72 |
| 31-Mar-22 | 10,131.13 | 40,434.57 | 114.03 | 5,966.75 | 5,034.17 | 3,444.05 |
| 31-Dec-22 | 9,735.37 | 31,909.63 | 189.82 | 6,167.31 | 5,234.74 | 3,061.13 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 186.23 |
| Market Cap (₹ Cr.) | 264.27 |
| ROE | 0.04% |
| ROCE | 0.05% |
| Debt/Equity | 0.56 |
| EPS (Rs) | 4.14 |
| RoNW | 3.08% |
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 IPO Subscription Status (Bidding Detail) #
The Proventus Agrocom IPO is subscribed 2.70 times on May 26, 2023 7:29:00 PM. The public issue subscribed 0.74 times in the retail category, times in the QIB category, and 4.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 4.65 |
| Retail | 0.74 |
| Total | 2.70 |
Total Application : 1,993 (0.74 times)
Proventus Agrocom IPO Prospectus #
- › Proventus Agrocom IPO DRHP
- › Proventus Agrocom IPO RHP
Proventus Agrocom IPO Listing Details #
| Listing Date | Jun 5, 2023 |
| BSE Script Code | |
| NSE Symbol | PROV |
| ISIN | INE0ONE01016 |
| Final Issue Price | ₹771 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹771.00 |
| ₹821.00 |
| ₹821.00 |
| ₹862.05 |
| ₹862.05 |
Company Contact Information
Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium,
Village Mulgaon, MV Road, Andheri (East),
Near Acme Plaza, Mumbai – 400 069
Phone: +91 22 6211 0900
Email: cs@proventusagro.com
Website: http://www.proventusagro.com/
Proventus Agrocom IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Proventus Agrocom IPO Lead Manager(s) #
Frequently Asked Questions #
What is the business of Proventus Agrocom Limited? #
Proventus Agrocom Limited is an integrated health food brand that operates in the entire range of dry fruits, nuts, seeds, and berries. The company offers various healthy snacking products across the value chain, focusing on diversifying across baskets and intensifying its presence from “farm to homes.”
When is the Proventus Agrocom IPO open and close for subscription? #
The Proventus Agrocom IPO opened for subscription on May 24, 2023, and closed on May 26, 2023.
What is the IPO price and lot size of Proventus Agrocom IPO? #
The IPO price for Proventus Agrocom IPO was set at ₹771 per equity share, and the lot size is 160 shares.
What is the total issue size and listing date of Proventus Agrocom IPO? #
The total issue size of Proventus Agrocom IPO is 901,920 shares, aggregating up to ₹69.54 crores. The listing date for Proventus Agrocom IPO is June 5, 2023.
What are the IPO subscription details for Proventus Agrocom IPO? #
The Proventus Agrocom IPO received a subscription of 2.70 times from qualified institutional buyers (QIBs), 0.74 times from retail individual investors (RIIs), and was fully subscribed for non-institutional investors (NIIs).
How can I apply for Proventus Agrocom IPO? #
Retail investors can apply online for Proventus Agrocom IPO shares through banks using ASBA (Application Supported by Blocked Amount) or through brokers using UPI (Unified Payments Interface).
Where can I check the Proventus Agrocom IPO Allotment status? #
The Proventus Agrocom IPO Allotment status can be checked on the official website of the registrar of the issue or on the NSE SME website.
What is the listing date for Proventus Agrocom IPO? #
The listing date for Proventus Agrocom IPO is June 5, 2023. Regular trading will begin at 10 AM on the listing day.
Is Proventus Agrocom IPO recommended for investment? #
We do not provide IPO recommendations whereas Investors should conduct thorough research, consider the company’s financials, market conditions, and expert analysis before making an investment decision.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus of Proventus Agrocom IPO.
