Proventus Agrocom Limited is an integrated health food brand with a presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. They market their products under the brand “ProV”. The product range includes Almonds, Pistachios, Cashews, Walnuts, Raisins, Other Nuts, Dry Fruits, Seeds, and Berries.
Their motto is to provide better quality health food products. There is a large consumer base who already started using the branded products. Even the Tier-2 cities Kirana stores sell the branded products against the loose/unbranded products. The company provides the value chain from organization to distribution – from the “farm to homes” concept.
Objects of the Issue:
- Funding working capital requirements of the Company;
- Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited;
- General Corporate Purposes.
Proventus Agrocom IPO Review
- Avoid
Proventus Agrocom IPO Date & Price Band Details
| IPO Open: | May 24, 2023 |
| IPO Close: | May 26, 2023 |
| IPO Size: | Approx ₹69.54 Crores, 902,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹771 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Proventus Agrocom IPO Market Lot
The Proventus Agrocom IPO minimum market lot is 160 shares with a ₹123,360 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 160 | ₹123,360 |
| Retail Maximum | 1 | 160 | ₹123,360 |
| S-HNI Minimum | 2 | 320 | ₹246,720 |
Proventus Agrocom IPO Dates
The Proventus Agrocom IPO date is May 24 and the IPO close date is May 26. The IPO allotment date is May 31 and the IPO might list on June 5.
| IPO Open Date: | May 24, 2023 |
| IPO Close Date: | May 26, 2023 |
| Basis of Allotment: | May 31, 2023 |
| Refunds: | June 1, 2023 |
| Credit to Demat Account: | June 2, 2023 |
| IPO Listing Date: | June 5, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Proventus Agrocom IPO Form
How to apply Proventus Agrocom IPO? You can apply Proventus Agrocom IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Proventus Agrocom IPO in the Invest section. The other option you can apply Proventus Agrocom IPO via IPO forms download via the NSE website. Check out the Proventus Agrocom forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Proventus Agrocom Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹901 | ₹929 | ₹21.90 |
| 2021 | ₹302 | ₹299 | ₹1.82 |
| 2022 | ₹404 | ₹403 | ₹1.14 |
| 2023 9M | ₹319 | ₹317 | ₹1.90 |
Proventus Agrocom IPO Valuation – FY2022
Check Proventus Agrocom IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.14 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 1.91% |
| Net Asset Value (NAV): | ₹216.52 per Equity Share |
Peer Group
- Krishival Foods Limited
Company Promoters
- Durga Prasad Jhawar
- Deepak Kumar Agrawal
- Shalin Sanjiv Khanna
- Shree Jmd Investment Advisors LLP
Proventus Agrocom IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Proventus Agrocom IPO Allotment Status
Check Proventus Agrocom IPO allotment status on Bigshare website URL. Click Here
Proventus Agrocom IPO Lead Managers aka Merchant Bankers
- Sundae Capital Advisors
Company Address
Proventus Agrocom Limited
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
Email: [email protected]
Website: http://www.proventusagro.com/
Proventus Agrocom IPO FAQs
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