Proventus Agrocom IPO subscription is to open on May 24, 2023 and will close on May 26, 2023, the price band of the Proventus Agrocom IPO is fixed at ₹ 771. Proventus Agrocom is an integrated health food brand with the presence in entire range of dry fruits, nuts, seeds and berries and healthy snacking products across the value chain.
Table of Contents
About Proventus Agrocom
Proventus Agrocom is an integrated health food brand with the presence in entire range of dry fruits, nuts, seeds and berries and healthy snacking products across the value chain. The approach in the space focuses on diversifying across the baskets and intensifying our presence across the value chain; in the end, being a ‘one-stop shop’ for the consumers.
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”.
Objects of the Issue
- Funding working capital requirements of the company;
- Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited; and
- General Corporate Purposes.
Proventus Agrocom Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 1,945.91 | 691.05 | 481.78 |
| Total income | 7,714.08 | 4,017.72 | 3,045.13 |
| Total Expenses | 7,179.51 | 3,973.45 | 3,035.71 |
| Profit After Tax | 540.98 | 32.58 | 9.44 |
Proventus Agrocom IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 9,02,000 Equity Shares of ₹10 (aggregating up to ₹ 6,954.42 lakh) |
| Issue Open Date | 24-May-23 |
| Issue Close Date | 26-May-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 771 |
| Face Value | ₹ 10 |
| Market Lot | 160 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 160 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | PROV |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Proventus Agrocom IPO DRHP & RHP
Proventus Agrocom IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 160 | 123,360 |
| Maximum | 1 | 160 | 123,360 |
Proventus Agrocom IPO Lead Managers
- Sundae Capital Advisors Private Limited
Proventus Agrocom IPO Registrar
- Bigshare Services Private Limited
Proventus Agrocom IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 24-May-23 |
| Bid / Offer Closes on | 26-May-23 |
| Finalisation of Basis of Allotment | 31-May-23 |
| Initiation of refunds | 01-Jun-23 |
| Credit of the Equity Shares | 02-Jun-23 |
| Listing Date | 05-Jun-23 |
Company Registered Office
Unit 515, 5th Floor,
C Wing, 1 MTR Cabin, Atrium,
Village Mulgaon, MV Road, Andheri (East),
Near Acme Plaza,
Mumbai – 400 069,
Maharashtra, India
Website: www.proventusagro.com
Company Promoters
- Durga Prasad Jhawar
- Deepak Kumar Agrawal
- Shalin Sanjiv Khanna and
- Shree Jmd Investment Advisors Llp
Proventus Agrocom IPO – FAQS
What is the Proventus Agrocom IPO Price?
The Proventus Agrocom IPO price band is ₹ 771 per share
When Proventus Agrocom IPO will open?
The Proventus Agrocom IPO opens on May 24, 2023 and closes on May 26, 2023
What is the lot size of Proventus Agrocom IPO?
The Proventus Agrocom IPO lot size is 160 Equity Shares and the minimum order quantity is 160 Equity Shares
Who is the Registrar for Proventus Agrocom IPO?
The Registrar for Proventus Agrocom IPO is Bigshare Services Private Limited
How to apply in Proventus Agrocom IPO through UPI?
Check the step by step process here – Click here
How to apply in Proventus Agrocom IPO through Zerodha?
Check the step by step process here – Click here
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