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Healthy Life Agritec Limited IPO (Healthy Life Agritec IPO) Detail

Jul 13, 2022 - Jul 18, 2022

Incorporated in 2019, Healthy Life Agritec Limited is engaged in the business of trading Raw Milk, Chicken and Agro Products in the state of Maharashtra and Karnataka. The company has procurement partners, to coordinate the milk procurement process with milk farmers and supply Raw milk to milk wholesalers in the state of Maharashtra.

The company sells milk powder, bakery goods, buttermilk, yogurt, butter, cheese, paneer, milk cream, dips, custard, ghee, and juices under the brand name Healthy Life.

Healthy Life Agritec also procures poultry from poultry growers in the state of Maharashtra and Karnataka and supplies poultry to chicken wholesalers in the state of Maharashtra and Karnataka. The company's products are certified with ISO 9001:2015.

Competitive Strengths:

  • Organisation stability, Rich management experience and skilled team.
  • Smooth flow of operations.
  • Well-defined organizational structure.
  • Existing Supplier Relationship.
  • Quality Policy.
  • Customer Centric Business Model.
  • ISO Certifications.
  • Comprehensive solution for logistics requirement.

Company Financials

Healthy Life Agritec Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-21571.79411.556.57.46.4
31-Mar-221464.352615.7176.141083.5482.54
Amount in ₹ Lakhs

Objects of the Issue

The Objects of the Issue are:

  • To meet the working capital requirements
  • To meet the Issue Expenses
  • General Corporate Purposes

Healthy Life Agritec IPO Details

Healthy Life Agritec IPO Date Jul 13, 2022 to Jul 18, 2022
Healthy Life Agritec IPO Face Value ₹10 per share
Healthy Life Agritec IPO Price ₹10 per share
Healthy Life Agritec IPO Lot Size 10000 Shares
Issue Size10,000,000 shares of ₹10
(aggregating up to ₹10.00 Cr)
Fresh Issue10,000,000 shares of ₹10
(aggregating up to ₹10.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Ms. Divya Mojjada and M/s. Cronosglobal Investments & Holdings Private Limited are the company promoters.

Healthy Life Agritec IPO Timeline (Tentative Timetable)

Healthy Life Agritec IPO opens on Jul 13, 2022, and closes on Jul 18, 2022. The Healthy Life Agritec IPO bid date is from Jul 13, 2022 10.00 A.M. to Jul 18, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Healthy Life Agritec IPO Opening Date Jul 13, 2022
Healthy Life Agritec IPO Closing Date Jul 18, 2022
Basis of Allotment Jul 21, 2022
Initiation of Refunds Jul 22, 2022
Credit of Shares to Demat Jul 25, 2022
Healthy Life Agritec IPO Listing Date Jul 26, 2022

Healthy Life Agritec IPO Lot Size

The Healthy Life Agritec IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount
Minimum 1 10000 ₹100,000
Maximum 2 20000 ₹200,000

Healthy Life Agritec IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 54.57%

Healthy Life Agritec IPO Review

This company is in trading activities for raw milk, live chicken and agro products. It is marketing products in two states i.e. Maharashtra and Karnataka. Based on its FY22 consolidated earnings, the issue is aggressively priced even at par value. The segment is highly competitive and fragmented. Maintaining good margins going forward appears a remote possibility. Higher equity dilution also raises concerns. Considering all these, risk seeker/cash surplus investors may consider investing in this IPO with a medium to long-term perspective. Read detail review...


Healthy Life Agritec IPO Subscription Status (Bidding Detail)

The Healthy Life Agritec IPO is subscribed 8.21 times on Jul 18, 2022 6:20:00 PM. The public issue subscribed 11.19 times in the retail category, times in the QIB category, and 5.22 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII5.22
Retail11.19
Total8.21

Healthy Life Agritec IPO Prospectus

Healthy Life Agritec IPO Rating

249
4.1
Rating:Rated 4.1 stars
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Healthy Life Agritec IPO Listing Date

Listing Date Tuesday, July 26, 2022
BSE Script Code 543546
NSE Symbol
Listing In MT Group of Securities
ISIN INE0L3501015
IPO Price ₹10 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹8.90
₹8.50
₹9.34
₹9.34

Company Contact Information

Healthy Life Agritec Limited
Survey No 97/3, 4,8, 96/1,
Cronos Holding, Western Express
Highway, Kashimira, Thane - 401107
Phone: +91 98188 73657
Email: cs@healthylifeagritec.com
Website: http://www.healthylifeagritec.com/index.html

Healthy Life Agritec IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/

Healthy Life Agritec IPO Review

Healthy Life Agritec IPO Recommendation Summary

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Brokers 1 0 0
Members 2 3 2

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Healthy Life Agritec IPO FAQs

Healthy Life Agritec IPO is a SME IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹10.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on Jul 13, 2022, and closes on Jul 18, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Healthy Life Agritec IPO using UPI as a payment gateway. Zerodha customers can apply in Healthy Life Agritec IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Healthy Life Agritec IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Healthy Life Agritec IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Healthy Life Agritec IPO opens on Jul 13, 2022 and closes on Jul 18, 2022.

Healthy Life Agritec IPO lot size is 10000 Shares and the minimum order quantity is .

You can apply in Healthy Life Agritec IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Healthy Life Agritec IPO will be done on Jul 21, 2022, and the allotted shares will be credited to your demat account by Jul 25, 2022. Check the Healthy Life Agritec IPO allotment status.

The Healthy Life Agritec IPO listing date is on Tuesday, July 26, 2022.
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