Proventus Agrocom was incorporated on October 20, 2015. The company 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.
| Bidding Dates |
|---|
| 24 May 2023 - 26 May 2023 |
| Subscription |
|---|
| 2.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,360 | 1 | 1 | 160 | 902.0 K | ₹771 | 73.68 % | ₹695.4 M | RHP DOC |
Proventus Agrocom IPO SUBSCRIPTION STATUS
26 May '23Proventus Agrocom IPO overall subscription rate was 2.61 times the total available shares
Proventus Agrocom IPO retail subscription rate was 0.7 times in the retail segment
Proventus Agrocom IPO non-institutional investor subscription rate was 4.52 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 May 2023 (Day 3) | 0.7x | 4.52x | - |
25 May 2023 (Day 2) | 0.13x | 0.39x | - |
24 May 2023 (Day 1) | 0.02x | 0.06x | - |
Proventus Agrocom 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) |
| 9MFY23 | 19.0 | 3,179.8 | -55.1 | -57.8 |
| FY22 | 11.4 | 4,032.7 | 2.1 | -7.1 |
| FY21 | 18.8 | 3,008.8 | 127.2 | 119.7 |
| FY20 | -219.0 | 8,962.0 | 137.8 | 118.6 |
Proventus Agrocom IPO SUBSCRIPTION STATUS DETAILS
Proventus Agrocom had 902.0 K shares on offer
Proventus Agrocom IPO offer price was ₹771
Proventus Agrocom IPO minimum Investment was ₹123360
Proventus Agrocom IPO issue size was ₹ 695.4 M
Proventus Agrocom had a minimum lot size of 160 Shares per application
Proventus Agrocom NUMBER OF SHARES ON OFFER
Proventus Agrocom IPO IMPORTANT DATES
| Issue Open Date | 24 May 2023 |
| Issue close Date | 26 May 2023 |
| Allotment Date | 31 May 2023 |
| Refund Date | 01 Jun 2023 |
| Demat Account Credit Date | 02 Jun 2023 |
| Listing Date | 05 Jun 2023 |
| Listing on Exchange(s) | NSE |
| Proventus Agrocom Allotment Status | Exchange |
Proventus Agrocom IPO subscription opened on 24 May 2023, and closed on 26 May 2023
IPO allotment for Proventus Agrocom was finalized on Wednesday, 31 May 2023
IPO listing for Proventus Agrocom was on NSE on Monday, 05 Jun 2023
Proventus Agrocom IPO LISTING GAINS
| Issue Price (adjusted) | 771.0 |
| Listing Open Price | 821.0 |
| Listing Close Price | 862.0 |
| Listing Gain% | 6.5% |
| Current Gain% | 123.1% |
Proventus Agrocom 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Proventus Agrocom Ltd. | 1720 | 589.5 | 41.6 | 0.4 | 0.6 | 9.9 | 7.2 | 926.4 | 58.6 | 14.3 | 93.8 | 41.4 | 92.7 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
Proventus Agrocom INFORMATION ON IPO ISSUE
About Proventus Agrocom
Proventus Agrocom was incorporated on October 20, 2015. The company 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.
Object 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 - PROMOTERS
| Name |
|---|
| Durga Prasad Jhawar |
| Deepak Kumar Agrawal |
| Shalin Sanjiv Khanna |
| Shree JMD Investment Advisors LLP |
Proventus Agrocom Lead Manager of the Issue
Sundae Capital Advisors Private Limited
prov.ipo@sundaecapital.com
Proventus Agrocom Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Proventus Agrocom Strengths
Diversified product portfolio
As of February 28, 2023, the company offered over 100 Stock Keeping Units (SKUs) across its diversified product portfolio, spanning all product segments
Extensive distribution network
The company boasts an extensive distribution network, which includes partnerships with reputable chain stores and a rapidly expanding e-commerce channel
Scalable retail model
The company has adopted a capital-efficient and scalable retail model to leverage the growth opportunities in the industry. This growth is driven by factors such as the increasing demand for healthy lifestyle choices, hygienic food-snacking trends, the rise of organized retail, and the growing penetration of online sales channels
Proventus Agrocom Risks
Environmentally sensitive industry
The company operates in an environmentally sensitive industry and faces disruptions caused by unpredictable weather affecting the regions where it sources raw materials from
Intense competition
The company faces intense competition, which may reduce its market share and require increased spending on marketing, promotions, and discounts. This could adversely affect the business and lead to a decline in profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 17.7 crore, of 230,147 shares. It also consists of a fresh issue of Rs 51.8 crore.
The promoters of the company are Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna and Shree JMD Investment Advisors LLP.
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 771.0 - 771.0.
The IPO application opens on May 24, 2023 and closes on May 26, 2023.
The minimum lot size for the IPO is 160. The maximum lot size for the IPO is 160.
For all category investors, the minimum application amount for this IPO is Rs. 123,360.0, the maximum value for this IPO is Rs 123,360.0.
This IPO will be allotted on May 31, 2023.
The refund will be credited to your account on Jun 01, 2023.
The allotted shares will be credited to your demat on Jun 02, 2023.
Proventus Agrocom Ltd.’s shares listed on the stock exchanges on Jun 05, 2023.