SME IPO Details

Published : 22  May 2023

Open Date

24 May 2023

26 May 2023


₹ 69.54 Cr

Close Date

Lot Size

IPO Size

Listing At


Listing Date

5 Jun 2023

Price Range

₹771 per share

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 the company also includes various healthy snacking products across the value chain. 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.

Proventus Agrocom Limited IPO’s total issue size is ₹69.54 Crores

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 1. Funding working capital requirements of the Company; 2. Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited; 3. General Corporate Purposes.

Proventus Agrocom lot size is 160 shares.

The allotment date of  Proventus Agrocom IPO  is set for 31st May, 2023 

Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna, and Shree JMD Investment Advisors LLP are the Promoters of the Company.

Sundae Capital Advisors  is the lead manager to the issue.