24 May '23 - 26 May '23
₹123,360 / 1 Lots ( 160 Shares )
₹123,360 / 1 Lots ( 160 Shares )
Investor category and sub categoryQualified Institutional Investors | Non-Institutional Investors | Retail Individual Investor |
Proventus Agrocom IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 24, 2023
IPO Closing Date
May 26, 2023
Basis of Allotment
May 31, 2023
Initiation of Refunds
Jun 1, 2023
Credit of Shares to Demat Account
Jun 2, 2023
IPO Listing Date
Jun 5, 2023
UPI Mandatory Expiry Date
May 26, 2023
Proventus Agrocom IPO Subscription Details
Day 1May 24, 2023
Day 2May 25, 2023
Day 3May 26, 2023
Proventus Agrocom IPO Subscription Status Live
|Investor Category||Subscription (Times)|
|Qualified Institutions Buyer||[.]|
Proventus Agrocom is an integrated health food brand, present across the entire range of dry fruits, nuts, trail mix, berries, seeds, etc. Proventus Agrochem markets healthy snacks under the brand ProV. It has positioned itself as a one-stop shop for customers, operating through a business model of 'farm to home', where it generates streams of revenue from origination to distribution.
The company established its brand in 2017 and is currently selling 100+ SKUs in 15 Indian states. Proventus has a processing unit located in Mahape, Navi Mumbai.
Proventus Agrocom Limited IPO Details
The Proventus Agrocom Ltd. IPO subscription window for retail investors will open on May 24, 2023. It will remain active for two days before closing on May 26, 2023. Fresh issues aggregating up to Rs. 51.80 crore are combined with an offer for sale equity portion worth Rs. 17.74 crore for the IPO offer, aggregating up to Rs. 69.54 crore.
The IPO share price for the fixed price issue has been set at Rs. 771. Retail investors can apply for one lot of 160 shares.
Proventus Agrocom Limited IPO Objective
- The objectives of the Proventus Agrocom IPO are listed below.
- To fund the working capital requirement of the company and its subsidiary
- To meet general corporate purposes
Should you invest in Proventus Agrocom Limited?
Here are a few important reasons to consider before investing in the IPO:
- Proventus offers a wide range of healthy snacking options, including nuts, berries, seeds,and dry fruits in the packaged dry fruit segment.
- The products are offered on websites, e-commerce platforms like Amazon and Flipkart, and retail stores like Demat, More Retail, Metro, Cash & Carry, and local shops.
- The company is present across the value chain, from origination to distribution, creating multiple revenue points.
- The brand is backed by Chef Sanjeev Kapoor and KS Narayanan.
- Higher brand consciousness, growing digitization, changing lifestyles, and a greater focus on healthy and hygienic foods will drive more growth in the market.
The other player as recognised by the company in DRHP is Krishival Foods Ltd.
Noteworthy Highlights of Proventus Agrocom Ltd. The company’s revenue from operations grew at 47.99% from FY2020 to FY 2022.
Noteworthy Highlights of Proventus Agrocom Ltd.
- The company’s revenue from operations grew at 47.99% from FY2020 to FY 2022.
Proventus Agrocom Company Financials
|Particulars||Year ending in December 31, 2022 ( Rs. lakhs)||Year ending in March 31, 2022 ( Rs. lakhs)||Year ending in March 31, 2021 ( Rs. lakhs)|
|Revenue from Operations||31,789.26||40,326.68||30,087.50|
|Profit After Tax (PAT)||182.89||114.12||187.90|
Know before investing
It offers a diversified product portfolio, targeting different customer groups.
It is led by experienced promoters.
The company has established a scalable retail model to capitalise on industry growth.
Deterioration in product quality can damage the brand’s reputation and business prospects.
Interruptions in the supply chain or non-availability of raw materials can hurt its performance.
The business is environmentally sensitive by nature, and any disruption due to unpredictable weather conditions can adversely affect its performance.
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Proventus Agrocom IPO FAQs
The Proventure Agrocom Ltd. IPO worth Rs. 69.54 crore opens for subscription on May 24, 2023. It combines fresh issues aggregating up to Rs. 51.80 crore and offer-for-sale equities of Rs. 17.74 crore.
The Basis of Allotment will be conducted on May 31, 2023.
The lot size for Proventus Agrocom Ltd. is 160 equity shares for one lot.
The IPO subscription window will open on May 24. 2023.
Retail investors can apply for a minimum of one lot.
Proventure Agrocom Ltd.’s IPO will list on the NSE exchange on June 5, 2023.
It is easy to check the Proventus Agrocom Limited IPO allotment status from Angel One’s mobile app by following some simple steps.
- Log in to the Angel One app
- Validate with an OTP.
- Enter your application number, DP ID, and PAN number into the app
Click on ‘Submit’
Listing gains cannot be determined before the listing of the IPO on the stock exchange, which is June 5, 2023, for Proventus Agrocom Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
The minimum order size for the Proventus Agrocom IPO is 160 shares per lot.