Healthy Life Agritec was incorporated on November 08, 2019, as “Tiff Care Industries Private Limited”. The company procures raw cow milk and poultry from milk farmers and poultry growers in the State of Maharashtra and Karnataka and supplies it to wholesalers.
| Bidding Dates |
|---|
| 13 Jul 2022 - 18 Jul 2022 |
| Subscription |
|---|
| 8.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,00,000 | 1 | 2 | 10000 | 10.0 M | ₹10 | 54.57 % | ₹100.0 M | RHP DOC |
Healthy Life Agritec IPO SUBSCRIPTION STATUS
18 Jul '22Healthy Life Agritec IPO overall subscription rate was 8.2 times the total available shares
Healthy Life Agritec IPO retail subscription rate was 11.19 times in the retail segment
Healthy Life Agritec IPO non-institutional investor subscription rate was 5.22 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Jul 2022 (Day 4) | 11.19x | 5.22x | - |
15 Jul 2022 (Day 3) | 2.81x | 0.9x | - |
14 Jul 2022 (Day 2) | 1.68x | 0.86x | - |
13 Jul 2022 (Day 1) | 0.9x | 0.83x | - |
Healthy Life Agritec FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 8.1 | 339.6 | -81.1 | -97.4 |
Healthy Life Agritec IPO SUBSCRIPTION STATUS DETAILS
Healthy Life Agritec had 10.0 M shares on offer
Healthy Life Agritec IPO offer price was ₹10
Healthy Life Agritec IPO minimum Investment was ₹100000
Healthy Life Agritec IPO issue size was ₹ 100.0 M
Healthy Life Agritec had a minimum lot size of 10000 Shares per application
Healthy Life Agritec NUMBER OF SHARES ON OFFER
Healthy Life Agritec IPO IMPORTANT DATES
| Issue Open Date | 13 Jul 2022 |
| Issue close Date | 18 Jul 2022 |
| Allotment Date | 21 Jul 2022 |
| Refund Date | 22 Jul 2022 |
| Demat Account Credit Date | 25 Jul 2022 |
| Listing Date | 26 Jul 2022 |
| Listing on Exchange(s) | BSE |
| Healthy Life Agritec Allotment Status | Exchange |
Healthy Life Agritec IPO subscription opened on 13 Jul 2022, and closed on 18 Jul 2022
IPO allotment for Healthy Life Agritec was finalized on Thursday, 21 Jul 2022
IPO listing for Healthy Life Agritec was on BSE on Tuesday, 26 Jul 2022
Healthy Life Agritec IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 8.9 |
| Listing Close Price | 9.3 |
| Listing Gain% | -11.0% |
| Current Gain% | -49.0% |
Healthy Life Agritec Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Healthy Life Agritec Ltd. | 5.1 | 11.2 | 6.3 | 0.2 | 0.1 | 6.3 | 2.7 | 228.1 | 32.7 | 4 | 22.7 | 0.8 | 34.1 |
| LT Foods Ltd. | 419.8 | 14577.7 | 22.8 | 7.2 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 580.5 | 11166.5 | 25 | -13.7 | 1.1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 386.4 | 8844.3 | 11.7 | 0.3 | 1.5 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 33.1 | 40.4 |
| Gujarat Ambuja Exports Ltd. | 172.8 | 7926.3 | 19.1 | 0.3 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 780 | 4012 | 16.1 | -0.7 | 3.1 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 48.5 | -21.5 |
Healthy Life Agritec INFORMATION ON IPO ISSUE
About Healthy Life Agritec
Healthy Life Agritec was incorporated on November 08, 2019, as “Tiff Care Industries Private Limited”. The company procures raw cow milk and poultry from milk farmers and poultry growers in the State of Maharashtra and Karnataka and supplies it to wholesalers.
Object of the Issue
- To meet the working capital requirements
- To meet the Issue expenses
- General corporate purposes
Healthy Life Agritec - PROMOTERS
| Name |
|---|
| Divya Mojjada |
| Cronosglobal Investments & Holdings Private Limited |
Healthy Life Agritec Lead Manager of the Issue
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Healthy Life Agritec Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Healthy Life Agritec Strengths
Stability
The company has an established track record of more than two years indicating the company’s ability to weather economic and business cycles. Competent promoters have over a decade of relevant experience.
Operational flow
The company developed a wide clientele base. The company's existing relationship helps get repeat businesses from its customers. It helps in maintaining a long-term working relationship with customers and improve customer retention strategy.
Organizational structure
The company has a qualified and experienced management team making operations of the business smoother and ensuring efficiency in all aspects of operations.
Supplier relationship
The company's existing supplier relationship protects its business in terms of supply and pricing of the products and services, the quality of the products and services offered
Customer-centric
The company is focused on attaining highest level of customer satisfaction
ISO certifications
The company's ISO 9001:2015 certificate shows its quality of services is good.
Comprehensive solution
The company provides a comprehensive third-party logistics services, end-to-end customized logistics solutions to the clients
Healthy Life Agritec Risks
Seasonal nature of business
The supply of raw milk is subject to seasonal factors. Also, the company deals in perishable products
No quality checks
Since the business model is trading in Milk and live chicken so there are no specific quality checks done at the procurement stage
Dependent few custmomers
A certain amount of revenue is generated from certain key customers, and the loss of one or more such customers can be a deterioration of their financial condition or prospects. A reduction in their demand for products could adversely affect the business
High competition
The company faces competition from organized and unorganized players
IPO FAQs
The promoters of the company are Divya Mojjada and Cronosglobal Investments & Holdings Private Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 10.0 - 10.0.
The IPO application opens on Jul 13, 2022 and closes on Jul 18, 2022.
The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 20000.
For all category investors, the minimum application amount for this IPO is Rs. 100,000.0, the maximum value for this IPO is Rs 200,000.0.
This IPO will be allotted on Jul 21, 2022.
The refund will be credited to your account on Jul 22, 2022.
The allotted shares will be credited to your demat on Jul 25, 2022.
Healthy Life Agritec Ltd.’s shares listed on the stock exchanges on Jul 26, 2022.