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.
Proventus Agrocom IPO – Details
| IPO Opening Date | 24 May 2023 |
| IPO Closing Date | 26 May 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 9,02,000 Shares Worth ₹69.54 Crore Fresh Issue: 6,71,853 Shares Worth ₹51.80 Crore Offer For Sale: 2,30,147 Shares Worth ₹17.74 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹771 |
| Market Lot | 160 Shares |
| Min Order | 160 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Proventus Agrocom IPO – Date Schedule
| IPO Open Date | 24 May 2023 |
| IPO Close Date | 26 May 2023 |
| Basis of Allotment | 31 May 2023 |
| Initiation of Refund | 01 June 2023 |
| Credit of Shares to Demat Account | 02 June 2023 |
| IPO Listing Date | 05 June 2023 |
Proventus Agrocom IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 160 | 1,23,360 |
| Retail (Maximum) | 1 | 160 | 1,23,360 |
| HNI (Minimum) | 2 | 320 | 2,46,720 |
Competitive Strengths
- Diversified product portfolio focused on various consumer segments and markets.
- Extensive distribution network, arrangement with reputed chain stores and growing e-commerce channel.
- Established and strong sourcing base.
- Capital-efficient and scalable retail model to capitalize on the strong industry growth profile driven by a rapid shift towards healthy lifestyle and hygienic food snacking trends, organized retail and increasing online penetration.
- Using dry fruits broken and shells and skins of the raw material to derive maximum value realisation.
- Experienced Promoters and Management team.
Company Promoters
- Durga Prasad Jhawar
- Deepak Kumar Agrawal
- Shalin Sanjiv Khanna
- Shree JMD Investment Advisors LLP
Object Of The Issue
- Funding working capital requirements of the Company.
- Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 900.89 | 929.48 | -21.90 |
| 31 March 2021 | 301.73 | 299.25 | 1.87 |
| 31 March 2022 | 404.34 | 402.78 | 1.14 |
| 31 December 2022 | 319.09 | 316.72 | 1.89 |
Proventus Agrocom IPO Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Proventus Agrocom IPO Prospectus
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 – 400 069 Phone: +91 22 6211 0900 Email: cs@proventusagro.com Website: http://www.proventusagro.com/ |
Proventus Agrocom IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Proventus Agrocom IPO Lead Manager(s)
| 1. Sundae Capital Advisors |
Proventus Agrocom IPO FAQs
| What is Proventus Agrocom IPO? Proventus Agrocom IPO is a SME IPO. The issue is priced at ₹771 per equity share. The IPO is to be listed on NSE SME. |
| When Proventus Agrocom IPO will open? The IPO is to open on 24 May 2023 for QIB, NII and Retail Investors. |
| How to Proventus Agrocom IPO? You can apply Proventus Agrocom IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Proventus Agrocom IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Proventus Agrocom”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Proventus Agrocom IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Proventus Agrocom”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Proventus Agrocom IPO Size? Proventus Agrocom IPO size is ₹69.54 crores. |
| What is Proventus Agrocom IPO Price Band? Proventus Agrocom IPO Price Band is ₹771. |
| What is Proventus Agrocom IPO Minimum and Maximum Lot Size? The minimum bid is 160 Shares with ₹1,23,360 amount while the maximum bid is 160 shares with ₹1,23,360. |
| What is the Proventus Agrocom IPO Allotment Date? Proventus Agrocom IPO allotment date is 31 May 2023. |
| What is the Proventus Agrocom IPO Listing Date? Proventus Agrocom IPO listing date is 05 June 2023. The IPO is to list on NSE SME. |
