Proventus Agrocom IPO Details ( Proventus Agrocom Limited IPO Review )
(24 May 2023 – 26 May 2023)
Established in 2015, Proventus Agrocom Limited is a holistic health food brand that specializes in a wide range of dry fruits, nuts, seeds, and berries. The company prides itself on offering an extensive selection of nutritious snacking options throughout the entire value chain.
Proventus is guided by the motto of cultivating expertise in healthy food products. Their goal is to establish a robust revenue stream by traversing the entire value chain, encompassing origination to distribution, and building an integrated business model that spans from “farm to homes.”
Proventus is actively working to address the gap in the Indian market for healthy snacking options, specifically focusing on the dry fruits, nuts, seeds, and berries category. Their aim is to provide a wide range of nutritious choices in this segment.
The company’s products are marketed under the brand name “ProV.“ This brand represents the high-quality and nutritious offerings provided by Proventus.
Proventus Agrocom Limited offers a diverse range of products including nuts, dry fruits, seeds, and berries. Their product lineup includes:
- Assorted nuts such as almonds, cashews, walnuts, and pistachios.
- An array of delectable dry fruits like dates, raisins, apricots, and figs.
- Various types of seeds including chia seeds, flaxseeds, sunflower seeds, and pumpkin seeds.
- A selection of nutritious berries like goji berries, cranberries, blueberries, and strawberries.
These products are carefully sourced and curated to ensure exceptional quality and freshness for consumers.
The Proventus Agrocom Limited group operates through its subsidiary companies, including Prov Foods Private Limited and Proventus Retail Private Limited. These material subsidiaries play a significant role in the overall operations and business activities of the Proventus Agrocom Limited group.
Proventus Agrocom IPO Financials Performance ( Results )
Proventus Agrocom Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 8,936.94 | 90,089.01 | -2,190.46 | -79.49 | 5,663.58 | – | 4,731.01 | 1,728.54 |
| 31-Mar-21 | 8,843.36 | 30,173.92 | 187.90 | 6.82 | 5,844.50 | – | 4,911.92 | 2,940.72 |
| 31-Mar-22 | 10,131.13 | 40,434.57 | 114.03 | 4.14 | 5,966.75 | 216 | 5,034.17 | 3,444.05 |
| 31-Dec-22 | 9,735.37 | 31,909.63 | 189.82 | 10.99 | 6,167.31 | – | 5,234.74 | 3,061.13 |
Objective of IPO 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 Basic Details
| IPO Date | May 24, 2023 to May 26, 2023 |
| Listing Date | Monday, June 05, 2023 |
| Face Value | ₹10 per share |
| Price | ₹771 per share |
| Lot Size | 160 Shares |
| 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 |
| Company Promoters | Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna And Shree Jmd Investment Advisors Llp |
Proventus Agrocom IPO Reservation
| Other Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
Proventus Agrocom IPO Timetable
Proventus Agrocom IPO will open on May 24, 2023 and close on May 26, 2023. You can join Proventus Agrocom IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 24 May 2023 (Wednesday) |
| Closing Date | 26 May 2023 (Friday) |
| Basis of Allotment | 31 May 2023 (Wednesday) |
| Initiation of Refunds | 1 June 2023 (Thursday) |
| Credit of Shares to Demat | 2 June 2023 (Friday) |
| Listing Date | 5 June 2023 (Monday) |
| Deadline for Confirming UPI mandate | 5 PM on 5 June 2023 |
Proventus Agrocom IPO Lot Size
For retail investors in Proventus Agrocom IPO, 160 shares will come in 1 lot or the minimum investment will be ₹123,360. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹123,360.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 160 | ₹123,360 |
| Retail (Max) | 1 | 160 | ₹123,360 |
| S-HNI (Min) | 2 | 320 | ₹246,720 |
Proventus Agrocom IPO Promoter Holding
| Pre Issue Share Holding | 92.29% |
| Post Issue Share Holding | 70.84% |
Proventus Agrocom IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹4.14 per Equity Share |
| Price/Earning P/E Ratio | 186.23 |
| Return on Net Worth (RoNW) | 3.08% |
| Net Asset Value (NAV) | ₹216.52 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Proventus Agrocom Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 264.27 |
| P/E (x) | 186.23 |
| ROE (%) | 0.04 |
| ROCE (%) | 0.05 |
| Debt/Equity | 0.56 |
Proventus Agrocom Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Proventus Agrocom Limited | Consolidated | 10 | 4.14 | 186.23 | 1.91 | 216.52 |
| Listed Peers | ||||||
| Empyrean Cashews Limited | Consolidated | 10 | 2.32 | 126.29 | 8.05 | 21.33 |
Proventus Agrocom IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 3 June 2023 | ₹14 | – | – |
| 2 June 2023 | ₹13 | – | – |
| 1 June 2023 | ₹12 | – | – |
| 31 May 2023 | ₹10 | – | – |
| 30 May 2023 | ₹18 | – | – |
| 29 May 2023 | ₹16 | – | – |
| 28 May 2023 | ₹18 | – | – |
| 27 May 2023 | ₹20 | – | – |
| 26 May 2023 | ₹28 | – | – |
| 25 May 2023 | ₹37 | – | – |
| 24 May 2023 | ₹0 | – | – |
| 23 May 2023 | ₹0 | – | – |
Proventus Agrocom IPO Detail Video:
Proventus Agrocom IPO Subscription Status (Bidding Detail)
The Proventus Agrocom IPO on May 26, 2023 at 7:30:00 PM was subscribed 2.61 times, with the retail category being subscribed 0.74 times, the other category being subscribed 4.30 times.
| Category | Subscription |
| Other | 4.30x |
| Retail | 0.74x |
| Total | 2.61x |
Proventus Agrocom IPO Prospectus
Proventus Agrocom IPO Rating
| Our Rating | 2.0/5.0 |
Proventus Agrocom Company Contact Information
Proventus Agrocom Limited
Registered Office: Unit 515, 5th Floor, C Wing, 1 MTR Cabin,
Atrium, Village Mulgaon, MV Road, Andheri (East),
Near Acme Plaza, Mumbai – 400 069, Maharashtra, India
Tel. No.: +91 22 6211 0900
Contact Person: Pinal Rakesh Darji, Company Secretary & Compliance Officer
E-mail id: cs@proventusagro.com
Website: www.proventusagro.com
Proventus Agrocom IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India
Tel.: + 91 22 6263 8200
Fax: +91 22 6263 8299
E-mail ID: ipo@bigshareonline.com
Website: www.bigshareonline.com
SEBI Regn. No.: INR000001385
Contact Person: Babu Raphael
Proventus Agrocom IPO Lead Manager
Sundae Capital Advisors Private Limited
Registered Office: Level 11, Platina, Plot No C – 59, ‘G’ Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051, Maharashtra, India
Tel. No.: +91 22 6884 1336
Email: prov.ipo@sundaecapital.com
Investor Grievance e-mail id: grievances.mb@sundaecapital.com
Website: www.sundaecapital.com
SEBI Regn. No.: INM000012494
Contact Person: Rajiv Sharma / Anchal Lohia
Proventus Agrocom IPO FAQs
What is the lot size of Proventus Agrocom IPO?
The total size of Proventus Agrocom IPO is ₹69.54 crores out of which ₹51.80 crores is fresh issue and ₹17.74 crores is offer for sale (OFS).
When will Proventus Agrocom IPO start?
Proventus Agrocom IPO will Open from 24 May 2023 and IPO will Close on 26 May 2023.
What is the open date of Proventus Agrocom IPO?
Proventus Agrocom IPO will open date from 24 May 2023.
What is the last date ( close date ) of Proventus Agrocom IPO?
Proventus Agrocom IPO will close from 26 May 2023.
What is the price band of Proventus Agrocom IPO?
Proventus Agrocom IPO price band is ₹771.
What is the minimum amount required to apply for Proventus Agrocom IPO?
The minimum investment for retailers to apply for Proventus Agrocom IPO is ₹123,360 and the maximum investment is ₹123,360.
What is going on gray market premium of Proventus Agrocom IPO?
View gray market premium of Proventus Agrocom IPO by Clicking Here
How much is the GMP of Proventus Agrocom IPO?
Watch Proventus Agrocom IPO GMP Today: Click Here
What is the allotment date of Proventus Agrocom IPO?
The Allotment Date of Proventus Agrocom IPO is 31 May 2023.
How to check allotment status in Proventus Agrocom IPO?
To check the allotment status of Proventus Agrocom IPO, first of all go to the registrar website by clicking here, select your bad Proventus Agrocom IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Proventus Agrocom IPO?
The Listing Date of Proventus Agrocom IPO is 5 June 2023.
How much will be the listing gain in Proventus Agrocom IPO?
View listing gain of Proventus Agrocom IPO by Clicking Here
How much time Proventus Agrocom IPO is subscribed?
Total 2.61 times subscribed in Proventus Agrocom IPO out of which 0.74 times subscription was done in retail quota, 4.30 times subscription in other quota.
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