Proventus Agrocom Ltd (NSE SME)
May 24, 2023 - May 26, 2023
| Price | ₹771 - ₹771 |
| Premium | ₹25 |
|---|---|
| Lot size | 160 |
| Allotment | Jun 1, 2023 |
| Listing | Jun 5, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 160 | 123360 | 0 |
| HNI | 2 | 320 | 246720 | 0 |
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 4,28,450 | 20,36,320 | 4.75 |
| RETAIL | 4,28,450 | 3,16,800 | 0.74 |
| Total | 8,56,900 | 23,53,120 | 2.75 |
| Retail Apps | 1,980 | © IPO Premium | |
Incorporated in 2015, Proventus Agrochem Limited is an integrated health food brand. The company has its presence in the entire range of dry fruits, nuts, seeds, and berries. The product of company also includes various healthy snacking products across the value chain.
The motto of Proventus is to create expertise in healthy food products. They strive at building 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".
The product range of Proventus Agrochem Limited includes Nuts, Dry Fruits, Seeds, and Berries like:
- Almonds
- Pistachios
- Cashews
- Walnuts
- Raisins
- Other Nuts, Dry Fruits, Seeds and Berries
The Group Proventus Agrochem Limited operates through its Material Subsidiaries like Prov Foods Private Limited, and Proventus Retail Private Limited.
Proventus Agrocom IPO Details
| Total Issue Size | 902,000 shares (aggregating up to ₹69.54 Cr) |
| Fresh Issue | 671,853 shares (aggregating up to ₹51.80 Cr) |
| Offer for Sale | 230,147 shares of ₹10 (aggregating up to ₹17.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,755,768 |
| Share holding post issue | 3,427,621 |
Proventus Agrocom IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker portion | 45,100 shares (Ajcon Global Services) |
Company Financials
| Ended | Mar-20 | Mar-21 | Mar-22 | Dec-22 |
|---|---|---|---|---|
| Assets | 8,936.94 | 8,843.36 | 10,131.13 | 9,735.37 |
| Revenue | 90,089.01 | 30,173.92 | 40,434.57 | 31,909.63 |
| Profit | -2,190.46 | 187.90 | 114.03 | 189.82 |
| Net Worth | 5,663.58 | 5,844.50 | 5,966.75 | 6,167.31 |
| Reserves | 4,731.01 | 4,911.92 | 5,034.17 | 5,234.74 |
| Borrowing | 1,728.54 | 2,940.72 | 3,444.05 | 3,061.13 |
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