Proventus Agrocom Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 428,450 (48%) | — | ₹3,303 Cr |
| Retail | — | 428,450 (48%) | — | ₹3,303 Cr |
| Market Maker | — | 45,120 (5%) | — | ₹35 Cr |
| Σ Total | — | 902,020 (100%) | — | ₹69,546 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹123,360 |
| Retail (Max) | 13 | 2,080 | ₹1,603,680 |
| S-HNI (Min) | 14 | 2,240 | ₹1,727,040 |
| B-HNI (Min) | 67 | 10,720 | ₹8,265,120 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 31,910 | 40,435 | 30,174 |
| Profit After Tax | 190 | 114 | 188 |
| Net Worth | 6,167 | 5,967 | 5,845 |
| Total Assets | 9,735 | 10,131 | 8,843 |
| Reserves & Surplus | 5,235 | 34 | 4,912 |
| Total Borrowing | 3,061 | 3,444 | 2,941 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the Company – 9.91
- Funding working capital requirements of our material subsidiary namely, Prov Foods Private Limited – 29.86
- General Corporate Purposes – 10.78
Company Overview
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.