The Proventus Agrocom IPO date has been set. The IPO will start on May 24 and end on May 26, 2023. Proventus Agrocom is an NSE SME IPO that will raise 69.54 crores through the IPO. The price band for the Proventus Agrocom IPO is set at 771, with a market lot of 160 shares.
Proventus Agrocom Limited is an integrated health food brand with a presence across the value chain in dry fruits, nuts, seeds, berries, and healthy snacking things. They sell their items under the “ProV” brand. Almonds, Pistachios, Cashews, Walnuts, Raisins, Other Nuts, Dry Fruits, Seeds, and Berries are among the products available. Their mission statement is to create higher-quality health food products. There is a sizable consumer base that has already begun to use branded products. Kirana stores in Tier-2 cities sell branded products with loose/unbranded products.
The company provides the value chain from organisation to distribution – the “farm to homes” idea.
Objectives of the IPO:
- 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 GMP, 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 |
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 |
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: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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: cs@proventusagro.com
Website: http://www.proventusagro.com
Proventus Agrocom IPO Lead Managers aka Merchant Bankers
- Sundae Capital Advisors
Proventus Agrocom IPO FAQs
Q1. What is Proventus Agrocom IPO?
Ans. 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.
Q2. When Proventus Agrocom IPO will open?
Ans. The IPO is to open on May 24, 2023 for NII, and Retail Investors.
Q3. What is Proventus Agrocom IPO Investors Portion?
Ans. The investors’ portion for NII is 50%, and Retail is 50%.
Q4. How to Apply the Proventus Agrocom IPO?
Ans. 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.
Q5. How to Apply the Proventus Agrocom IPO through Zerodha?
Ans. 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.
Q6. How to Apply the Proventus Agrocom IPO through Upstox?
Ans. 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.
Q7. How to Apply the Proventus Agrocom IPO through Paytm Money?
Ans. 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.
Q8. What is Proventus Agrocom IPO Size?
Ans. Proventus Agrocom IPO size is ₹69.54 crores.
Q9. What is Proventus Agrocom IPO Price Band?
Ans. Proventus Agrocom IPO Price Band is ₹771 per equity share.
Q10. What is Proventus Agrocom IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 160 shares with ₹123,360.
Q11. What is Proventus Agrocom IPO Allotment Date?
Ans. Proventus Agrocom IPO allotment date is May 31, 2023.
Q12. What is Proventus Agrocom IPO Listing Date?
Ans. Proventus Agrocom IPO listing date is June 5, 2023. The IPO to list on NSE SME.
