Proventus Agrocom IPO description – Incorporated in 2015, Proventus Agrocom is an integrated health food brand with its presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. The motto of Proventus is to create expertise in healthy food products and build 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’.
In the last three years, the company has developed direct relationships with 45+ growers and/or suppliers across the globe including California, Chile, and Afghanistan.
The product range of Proventus Agrocom includes Nuts, Dry Fruits, Seeds, and Berries like:
- Almonds
- Pistachios
- Cashews
- Walnuts
- Raisins
- Trail Mix
Promoters of Proventus Agrocom – Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna, and Shree JMD Investment Advisors LLP
Table of Contents
Proventus Agrocom IPO Details
| Proventus Agrocom IPO Dates | 24 – 26 May 2023 |
| Proventus Agrocom IPO Price | INR 771 per share |
| Fresh issue | 6,71,853 shares (INR 51.80 crores) |
| Offer For Sale | 2,30,147 shares (INR 17.74 crores) |
| Total IPO size | 9,02,000 shares (INR 69.54 crores) |
| Minimum bid (lot size) | 160 shares (INR 123,360) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Proventus Agrocom Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Revenue | 896.20 | 300.88 | 403.27 | 371.98 |
| Expenses | 929.49 | 299.26 | 402.78 | 316.72 |
| Net income | (21.90) | 1.88 | 1.14 | 1.90 |
Proventus Agrocom Offer News
- Proventus Agrocom RHP
- Proventus Agrocom Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Proventus Agrocom Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (79.49) | 6.82 | 4.14 |
| PE ratio | – | – | 186.23 |
| RONW (%) | (38.68) | 3.22 | 1.91 |
| NAV | 205.52 | 212.08 | 216.52 |
| ROCE (%) | (0.26) | 0.04 | 0.04 |
| EBITDA (%) | (2.42) | 1.03 | 0.87 |
| Debt/Equity | 0.35 | 0.57 | 0.65 |
Proventus Agrocom IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 Jun 2023 | 12 | – | – |
| 1 Jun 2023 | 12 | – | – |
| 31 May 2023 | 15 | – | – |
| 30 May 2023 | 20 | – | – |
| 29 May 2023 | 20 | – | – |
| 26 May 2023 | 25 | – | – |
| 25 May 2023 | 25 | – | – |
Proventus Agrocom IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 473,550 | 428,450 | 902,000 |
| 26 May 2023 | 4.30 | 0.74 | 2.61 |
| 25 May 2023 | 0.37 | 0.14 | 0.26 |
| 24 May 2023 | 0.05 | 0.02 | 0.04 |
Proventus Agrocom Offer Lead Manager
SUNDAE CAPITAL ADVISORS PRIVATE LIMITED
Level 11, Platina, Plot No C – 59, ‘G’ Block,
Bandra Kurla Complex Bandra (East), Mumbai – 400 051
Phone: +91 22 6884 1336
Email:Â [email protected]
Website:Â www.sundaecapital.com
Proventus Agrocom Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Proventus Agrocom Contact Details
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
E-mail: [email protected]
Website: www.proventusagro.com
Proventus Agrocom IPO Allotment Status
Proventus Agrocom IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Proventus Agrocom IPO Dates & Listing Performance
| IPO Opening Date | 24 May 2023 |
| IPO Closing Date | 26 May 2023 |
| Finalization of Basis of Allotment | 31 May 2023 |
| Initiation of refunds | 1 June 2023 |
| Transfer of shares to demat accounts | 2 June 2023 |
| Proventus Agrocom IPO Listing Date | 5 June 2023 |
| Opening Price on NSE SME | INR 821 per share (up 6.49%) |
| Closing Price on NSE SME | INR 862.05 per share (up 11.81%) |
Proventus Agrocom IPO FAQs
What is the Proventus Agrocom offer size?
Proventus Agrocom offer size is INR 69.54 crores.
What is the Proventus Agrocom IPO Price Band?
Proventus Agrocom public offer price is INR 771 per share.
What is the lot size of the Proventus Agrocom IPO?
Proventus Agrocom offer a lot size is 160 shares.
What is Proventus Agrocom IPO GMP today?
Proventus Agrocom IPO GMP today is INR 12 per share.
What is the Proventus Agrocom kostak rate today?
Proventus Agrocom kostak rate today is NA per application.
What is Proventus Agrocom Subject to Sauda rate today?
Proventus Agrocom Subject to Sauda rate today is INR NA per application.
