Proventus Agrocom IPO GMP, Review, Price, Allotment


Last updated on June 5, 2023

Proventus Agrocom IPO GMP

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
Proventus Agrocom 2023

Promoters of Proventus Agrocom – Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna, and Shree JMD Investment Advisors LLP

Proventus Agrocom IPO Details

Proventus Agrocom IPO Dates24 – 26 May 2023
Proventus Agrocom IPO PriceINR 771 per share
Fresh issue6,71,853 shares (INR 51.80 crores)
Offer For Sale2,30,147 shares (INR 17.74 crores)
Total IPO size9,02,000 shares (INR 69.54 crores)
Minimum bid (lot size)160 shares (INR 123,360)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Proventus Agrocom Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income(21.90)1.881.141.90
Figures in INR Crores unless specified otherwise

Proventus Agrocom Offer News

Proventus Agrocom Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio186.23
RONW (%)(38.68)3.221.91
ROCE (%)(0.26)0.040.04
EBITDA (%)(2.42)1.030.87
Debt/Equity 0.350.570.65
*Compiled by IPO Central from Prospectus

Proventus Agrocom IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
2 Jun 202312
1 Jun 202312
31 May 202315
30 May 202320
29 May 202320
26 May 202325
25 May 202325

Proventus Agrocom IPO Subscription – Live Updates

Shares Offered473,550428,450902,000
26 May 20234.300.742.61
25 May 20230.370.140.26
24 May 20230.050.020.04

Proventus Agrocom Offer Lead Manager

Level 11, Platina, Plot No C – 59, ‘G’ Block,
Bandra Kurla Complex Bandra (East), Mumbai – 400 051
+91 22 6884 1336
Email: [email protected]

Proventus Agrocom Offer Registrar

S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]

Proventus Agrocom Contact Details

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]

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 Date24 May 2023
IPO Closing Date26 May 2023
Finalization of Basis of Allotment31 May 2023
Initiation of refunds1 June 2023
Transfer of shares to demat accounts2 June 2023
Proventus Agrocom IPO Listing Date5 June 2023
Opening Price on NSE SMEINR 821 per share (up 6.49%)
Closing Price on NSE SMEINR 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.


Please enter your comment!
Please enter your name here