Proventus Agrocom Limited
IPO Details
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Lot Distribution
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Company Fin.
₹25(3.24%)
Premium (ELP)
Proventus Agrocom Limited's successfully completed its Initial Public Offering and commenced trading on Jun 05, 2023 at the NSE exchange. The company raised 9,01,920 Shares through this public offering, comprising 6,71,773 Shares in fresh capital and ₹17.74 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹771 to ₹771, with minimum application lots of 160 shares. The offering attracted significant investor interest during its subscription period from May 24, 2023 to May 26, 2023.
Share allotment was finalized on Jun 01, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2015, Proventus Agrochem Limited is an integrated health food brand offering a wide range of dry fruits, nuts, seeds, berries, and healthy snacking products. Operating with a “farm to homes” business model, the company aims to create expertise across the value chain, from origination to distribution, filling the gap in India’s healthy snacking segment. Its products are marketed under the brand “ProV” and include almonds, pistachios, cashews, walnuts, raisins, and other nuts, dry fruits, seeds, and berries. The company also operates through its subsidiaries, Prov Foods Private Limited and Proventus Retail Private Limited.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Durga Prasad Jhawar
- Deepak Kumar Agrawal
- Shalin Sanjiv Khanna
- Shree JMD Investment Advisors LLP
Proventus Agrocom Limited
Bigshare Services Private Limited