Listing Details
- Listing Exchange NSE SME
- Listing Date 05-Jun-23
- IPO Price Range ₹ 771
- Listing Price ₹ 821
- Listing Change 6.5%
- Last Traded Price ₹ 1225
- Current Change 58.9%
Proventus IPO Details
- Open Date 24-May-23
- Close Date 26-May-23
- Lot Size 160
- IPO Size ₹ 69.54 Cr
- IPO Price Range ₹ 771
- Min Investment ₹ 123360
- Listing Exchange NSE SME
- Basis of Allotment 31-May-23
- Refunds 01-Jun-23
- Credit to Demat Account 02-Jun-23
- Listing Date 05-Jun-23
Proventus Agrocom IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24 May' 23 | - | 0.05 | 0.02 | 0.04 |
| 25 May' 23 | - | 0.37 | 0.14 | 0.26 |
| 26 May' 23 | - | 4.30 | 0.74 | 2.61 |
Proventus IPO Synopsis
Proventus Agrocom Ltd is an integrated health food brand its IPO opens on 24th May and closes on 26th May.
The issue consists of a fresh issue of 6,71,853 shares of Rs.51.80 crores. The price band for the issue is fixed at Rs. 771 per share. The lot size is set for 160 shares per lot. The shares will be allotted on the 31st of May and the issue will be listed on the 5th of June on the stock exchanges.
The book running lead managers to the offer is Sundae Capital Advisors.
Objective of Proventus Agrocom IPO
The Company proposes to utilize the funds which are being raised through the Fresh Issue towards funding 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.
About Proventus Agrocom
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.
Peer Comparison
● Krishival Foods Limited
For More Information:
Proventus Agrochem IPO GMP
Webstory on Proventus Agrochem IPO
Proventus Agrocom Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 40,326.68 | 30,087.50 | 89,620.14 |
| EBITDA | 349.91 | 310.51 | (2,167.47) |
| PAT | 114.12 | 187.90 | (2,190.46) |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 10,131.13 | 8,843.36 | 8,936.94 |
| Share Capital | 248.58 | 248.58 | 248.58 |
| Total Borrowings | 3,444.05 | 2,940.72 | 1,728.54 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 20.84 | 1,272.04 | 1,378.36 |
| Net cash from / (used in) investing activities | (111.03) | (99.50) | (562.33) |
| Net cash flow from / (used in) financing activities | 216.59 | (87.49) | (847.03) |
| Net increase (decrease) in cash and cash equivalents | 134.80 | 1,077.65 | (9.99) |
Proventus IPO Key Points
-
Strengths
• Extensive distribution network, arrangement with reputed chain stores and growing e-commerce channel
• Established and stable sourcing base
• Capital-efficient and scalable retail model to capitalize on the 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
-
Risks
• Any actual or alleged contamination or deterioration of its products could result in legal liability or damage to its reputation.
• Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business
• Any significant interruption in continuing operations of the production or cold storage facilities could have a material adverse effect on the business, results of operations, cash flows, and financial condition.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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Proventus IPO FAQs
What is the minimum lot size for the Proventus Agrocom IPO?
The minimum lot size for the Proventus Agrocom IPO is 160 shares.
What is the price band of the Proventus Agrocom IPO?
The price band of the Proventus Agrocom IPO is Rs. 771.
When does the Proventus Agrocom IPO opens and closes?
The Proventus Agrocom IPO opens on May 24, 2023 and closes on May 26, 2023
What is the size of the Proventus Agrocom IPO ?
The Proventus Agrocom IPO comprises of a total issue of equity shares aggregating to ₹69.54 crores
What is the allotment date of Proventus Agrocom IPO?
The allotment date of Proventus Agrocom IPO is 31st May 2023.
What is the Proventus Agrocom IPO listing date?
The listing date of Proventus Agrocom IPO is 5th June 2023.
Who are the book runners for Proventus Agrocom IPO?
Sundae Capital Advisors is the book runner of Proventus Agrocom IPO.
What is the objective of the Proventus Agrocom IPO?
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.
How to apply for the Proventus Agrocom IPO?
To apply for the Proventus Agrocom IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Proventus Agrocom IPO
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Proventus Agrocom IPO Lead Manager
Sundae Capital Advisors