Proventus Agrocom IPO Date, Price, Review, Allotment

Vijay Prajapati
June 5, 2023

Vijay Prajapati

Proventus Agrocom IPO Details: Proventus Agrocom IPO date is fixed, The IPO will open on May 24 and will close on May 26, 2023. Proventus Agrocom is an NSE SME IPO to raise ₹69.54 crores via IPO. The Proventus Agrocom IPO price band is fixed at ₹771 with a market lot of 160 shares.

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

What is Proventus Agrocom IPO?

Proventus Agrocom IPO is an NSE SME IPO. They are going to raise ₹69.54 Crores via IPO. The issue is priced at ₹771 per equity share. The IPO is to be listed on NSE.

When Proventus Agrocom IPO will open?

The IPO is to open on May 24, 2023 for NII, and Retail Investors.

What is Proventus Agrocom IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Proventus Agrocom IPO?

You can apply Proventus Agrocom IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Proventus Agrocom IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Proventus Agrocom”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Proventus Agrocom IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Proventus Agrocom”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Proventus Agrocom IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Proventus Agrocom”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Proventus Agrocom IPO Size?

Proventus Agrocom IPO size is ₹69.54 crores.

What is Proventus Agrocom IPO Price Band?

Proventus Agrocom IPO Price Band is ₹771 per equity share.

What is Proventus Agrocom IPO Minimum and Maximum Lot Size?

The IPO bid is 160 shares with ₹123,360.

What is Proventus Agrocom IPO Allotment Date?

Proventus Agrocom IPO allotment date is May 31, 2023.

What is Proventus Agrocom IPO Listing Date?

Proventus Agrocom IPO listing date is June 5, 2023. The IPO to list on NSE SME.

Note: The Proventus Agrocom IPO details are announced officially. The IPO grey market premium (Proventus Agrocom IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.