24 May 2023
26 May 2023
₹ 69.54 Cr
5 Jun 2023
₹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.