Proventus Agrocom IPO Details

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.

Proventus IPO

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)

ParticularsFor the year ended (₹ in lakh)
31-Mar-2231-Mar-2131-Mar-20
Total Assets1,945.91691.05481.78
Total income7,714.084,017.723,045.13
Total Expenses7,179.513,973.453,035.71
Profit After Tax540.9832.589.44

Proventus Agrocom IPO Price – Details

DescriptionIPO Details
Public IssueInitial Public Issue of upto 9,02,000 Equity Shares of ₹10 (aggregating up to ₹ 6,954.42 lakh)
Issue Open Date24-May-23
Issue Close Date26-May-23
Issue TypeFixed Price
IPO Price Band₹ 771
Face Value₹ 10
Market Lot160 Equity Shares and in multiples thereof
Minimum Order Quantity160 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
ListingNSE SME
NSE SymbolPROV
IPO Market Timings10.00 a.m. to 5.00 p.m.

Proventus Agrocom IPO DRHP & RHP

Proventus Agrocom IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1160123,360
Maximum1160123,360

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

DetailsDate
Bid / Offer Opens on24-May-23
Bid / Offer Closes on26-May-23
Finalisation of Basis of Allotment31-May-23
Initiation of refunds01-Jun-23
Credit of the Equity Shares02-Jun-23
Listing Date05-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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