Proventus Agrocom Limited

Offer PeriodMay 24, 2023 – May 26, 2023

NSE - SMEListed

Listed Price

₹821.00

+6.49%

Price Band₹771 - ₹771

Lot Size160 Shares

Allotment DateJun 01, 2023

Listing DateJun 05, 2023

Subscription2.75 Times

Issue Size₹69.54 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

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.

Proventus Agrocom IPO Details

IPO Date

May 24, 2023 to May 26, 2023

Allotment Date

Jun 01, 2023

List Date

Jun 05, 2023

Lot Size

160 share

Issue Price

₹771 - ₹771

Issue Size

9,01,920 (aggregating up to 69.54 Cr)

Fresh Issue

6,71,773 (aggregating up to 51.79 Cr)

Offer For Sale

2,30,147 (aggregating up to 17.74 Cr)

Listing At

NSE

Share Holding Pre-Issue

27,55,768

Share Holding Post-Issue

34,27,621

Market Marker Portion

45,100

Lot(s) Distribution

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.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	160	1,23,360
HNI	2	320	2,46,720

IPO Reservation

Shares9,02,000

Retail

47.50%(4,28,450)

NII(HNI)

47.50%(4,28,450)

Market Maker

5.00%(45,100)

Total

100.00%(9,02,000)

Proventus Agrocom IPO Key Performance Indicators

KPI	Values

KPI	Values
EPS	4.14
ROE	0.04
ROCE	0.05
RONW	3.08
PRE IPO(PE)	186.23
POST IPO(PE)	0

Company Financials (In Lakhs)

Period Ended	Mar 2020	Mar 2021	Mar 2022	Dec 2022

Period Ended	Mar 2020	Mar 2021	Mar 2022	Dec 2022
Assets	8,936.94	8,843.36	10,131.13	9,735.37
Revenue	90,089.01	30,173.92	40,434.57	31,909.63
Net Worth	5,663.58	5,844.50	5,966.75	6,167.31
Total borrowing	1,728.54	2,940.72	3,444.05	3,061.13
Profit after tax	-2,190.46	187.90	114.03	189.82
Reserves and Surpluses	4,731.01	4,911.92	5,034.17	5,234.74

Proventus Agrocom IPO About Company

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."

✅Proventus Agrocom IPO Strength Factors

⚠️Proventus Agrocom IPO Risk Factors

🏦Proventus Agrocom IPO Lead Manager(s)

Sundae Capital Advisors

👤Proventus Agrocom IPO Promoter(s)

Durga Prasad Jhawar
Deepak Kumar Agrawal
Shalin Sanjiv Khanna
Shree JMD Investment Advisors LLP

🏢Proventus Agrocom IPO Company Details

Proventus Agrocom Limited

Email:cs@proventusagro.com

Phone:+91 22 6211 0900

Website:http://www.proventusagro.com/

address:Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Village Mulgaon, MV Road, Andheri (East), Near Acme Plaza, Mumbai - 400 069

📋Proventus Agrocom IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/IPO_Status.html

❓Proventus Agrocom IPO FAQs

Proventus Agrocom IPO is a main-board IPO of 6,71,773 equity shares of the face value of ₹10 per share aggregating up to ₹17.74 crore shares. The issue is priced at ₹771 - ₹771 per share. The minimum order quantity is .The IPO opens on May 24, 2023, and closes on May 26, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Proventus Agrocom IPO using UPI as a payment gateway. Zerodha customers can apply in Proventus Agrocom IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Proventus Agrocom IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Proventus Agrocom IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Proventus Agrocom IPO opens on May 24, 2023 and closes on May 26, 2023.

You can apply in Proventus Agrocom IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Proventus Agrocom IPO will be done on Jun 01, 2023, and the allotted shares will be credited to your demat account by Jun 01, 2023

Proventus Agrocom IPO's listing date is Jun 05, 2023.

Proventus Agrocom Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹25(3.24%)

Premium (ELP)

₹25
(3.24%)