Proventus Agrocom Limited IPO (Proventus Agrocom IPO)

Proventus Agrocom Limited IPO
Upcoming Proventus Agrocom IPO | New Proventus Agrocom IPO

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

Proventus Agrocom IPO – Details

IPO Opening Date24 May 2023
IPO Closing Date26 May 2023
Issue TypeFixed Price Issue IPO
Issue Size9,02,000 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 Lot160 Shares
Min Order160 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

Proventus Agrocom IPO – Date Schedule

IPO Open Date24 May 2023
IPO Close Date26 May 2023
Basis of Allotment31 May 2023
Initiation of Refund01 June 2023
Credit of Shares to Demat Account02 June 2023
IPO Listing Date05 June 2023

Proventus Agrocom IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11601,23,360
Retail (Maximum)11601,23,360
HNI (Minimum)23202,46,720

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.
Proventus Agrocom IPO
Object Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 2020900.89929.48-21.90
31 March 2021301.73299.251.87
31 March 2022404.34402.781.14
31 December 2022319.09316.721.89
Amount in ₹ Crore

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

Proventus Agrocom IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Proventus Agrocom IPO Lead Manager(s)

1. Sundae Capital Advisors

Proventus Agrocom IPO FAQs

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.
Share Market IPO App
Previous articleInfollion Research Services Limited IPO (Infollion Research Services IPO)
Next articleCFF Fluid Control Limited IPO (CFF Fluid Control IPO)