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Proventus Agrocom Limited IPO (Proventus Agrocom IPO) Detail

May 24, 2023 - May 26, 2023

Proventus Agrocom IPO is a fixed price issue of Rs 69.54 crores. The issue is a combination of fresh issue of 6.72 lakh shares aggregating to Rs 51.79 crores and offer for sale of 2.3 lakh shares aggregating to Rs 17.74 crores.

Proventus Agrocom IPO bidding started from May 24, 2023 and ended on May 26, 2023. The allotment for Proventus Agrocom IPO was finalized on Wednesday, May 31, 2023. The shares got listed on NSE SME on June 5, 2023.

Proventus Agrocom IPO price is ₹771 per share. The minimum lot size for an application is 160 Shares. The minimum amount of investment required by retail investors is ₹123,360. The minimum lot size investment for HNI is 2 lots (320 shares) amounting to ₹246,720.

Sundae Capital Advisors is the book running lead manager of the Proventus Agrocom IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Proventus Agrocom IPO is Ajcon Global Services.

Refer to Proventus Agrocom IPO RHP for detailed information.

Proventus Agrocom IPO Details

IPO Date May 24, 2023 to May 26, 2023
Listing Date June 5, 2023
Face Value ₹10 per share
Price ₹771 per share
Lot Size 160 Shares
Total Issue Size901,920 shares
(aggregating up to ₹69.54 Cr)
Fresh Issue671,773 shares
(aggregating up to ₹51.79 Cr)
Offer for Sale230,147 shares of ₹10
(aggregating up to ₹17.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding post issue3,427,541
Market Maker portion45,100 shares
Ajcon Global Services

Proventus Agrocom IPO Reservation

Proventus Agrocom IPO offers 901,980 shares. 428,430 (47.50%) to NII, 428,450 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered45,100 (5.00%)
Other Shares Offered428,430 (47.50%)
Retail Shares Offered428,450 (47.50%)
Total Shares Offered901,980 (100%)

Proventus Agrocom IPO Timeline (Tentative Schedule)

Proventus Agrocom IPO opens on May 24, 2023, and closes on May 26, 2023.

IPO Open Date Wednesday, May 24, 2023
IPO Close Date Friday, May 26, 2023
Basis of Allotment Wednesday, May 31, 2023
Initiation of Refunds Thursday, June 1, 2023
Credit of Shares to Demat Friday, June 2, 2023
Listing Date Monday, June 5, 2023
Cut-off time for UPI mandate confirmation 5 PM on May 26, 2023

Proventus Agrocom IPO Lot Size

Investors can bid for a minimum of 160 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 160 ₹123,360
Retail (Max) 1 160 ₹123,360
HNI (Min) 2 320 ₹246,720
Lot Size Calculator

Proventus Agrocom IPO Promoter Holding

Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna, and Shree JMD Investment Advisors LLP are the Promoters of the Company.

Share Holding Pre Issue 92.29%
Share Holding Post Issue 70.84%

About Proventus Agrocom Limited

Incorporated in 2015, Proventus Agrochem Limited is an integrated health food brand. The company has its presence in the entire range of dry fruits, nuts, seeds, and berries. The product of company also includes various healthy snacking products across the value chain.

The motto of Proventus is to create expertise in healthy food products. They strive at building the revenue stream by moving across the value chain from origination to distribution and creating an integrated business model - from "farm to homes".

The company is attempting to fill the vacuum in the healthy snacking range in the Indian market, especially in the dry fruits, nuts, seeds, and berries category.

The products of the company are marketed under the brand - "ProV".

The product range of Proventus Agrochem Limited includes Nuts, Dry Fruits, Seeds, and Berries like:

  • Almonds
  • Pistachios
  • Cashews
  • Walnuts
  • Raisins
  • Other Nuts, Dry Fruits, Seeds and Berries

The Group Proventus Agrochem Limited operates through its Material Subsidiaries like Prov Foods Private Limited, and Proventus Retail Private Limited.

Company Financials

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Proventus Agrocom IPO is Rs 264.27 Cr.

KPI Values
ROE0.04%
ROCE0.05%
Debt/Equity0.56
RoNW3.08%
Pre IPO Post IPO
EPS (Rs) 4.14
P/E (x) 186.23

Objects of the Issue (Proventus Agrocom IPO Objectives)

The company proposes to utilize the Net Proceeds towards funding the following objectives:

  1. Funding working capital requirements of the Company;
  2. Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited;
  3. General Corporate Purposes.

Proventus Agrocom IPO Review (Avoid)

[Dilip Davda]  The company operates in a highly competitive and fragmented segment with many big players around. Its recent performance marked inconsistency in its top and bottom lines. Based on FY23 earnings, the issue appears aggressively priced. Post-IPO, tiny paid-up equity capital also indicates longer gestation for migration to the mainboard. There is no harm in skipping this pricey bet. Read detail review...


Proventus Agrocom IPO Subscription Status (Bidding Detail)

The Proventus Agrocom IPO is subscribed 2.70 times on May 26, 2023 7:29:00 PM. The public issue subscribed 0.74 times in the retail category, times in the QIB category, and 4.65 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other4.65
Retail0.74
Total2.70

Total Application : 1,993 (0.74 times)

Proventus Agrocom IPO Prospectus

Proventus Agrocom IPO Rating

6
2.7
Rating:Rated 2.7 stars
Vote Here ...

Proventus Agrocom IPO Listing Details

Listing Date June 5, 2023
BSE Script Code
NSE Symbol PROV
ISIN INE0ONE01016
Final Issue Price ₹771 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹771.00
₹821.00
₹821.00
₹862.05
₹862.05

Check IPO Performance…

Proventus Agrocom Limited Contact Details

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 Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Proventus Agrocom IPO - Buy or Not

Proventus Agrocom IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 2

Read All Reviews Post Your Review Manage Reviews

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Proventus Agrocom IPO FAQs

Proventus Agrocom IPO is a SME IPO of 901,920 equity shares of the face value of ₹10 aggregating up to ₹69.54 Crores. The issue is priced at ₹771 per share. The minimum order quantity is 160 Shares.

The IPO opens on May 24, 2023, and closes on May 26, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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

Steps to apply in Proventus Agrocom 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 'Proventus Agrocom 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 Proventus Agrocom IPO opens on May 24, 2023 and closes on May 26, 2023.

Proventus Agrocom IPO lot size is 160 Shares, and the minimum amount required is ₹123,360.

You can apply in Proventus Agrocom 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Proventus Agrocom IPO will be done on Wednesday, May 31, 2023, and the allotted shares will be credited to your demat account by Friday, June 2, 2023. Check the Proventus Agrocom IPO allotment status.

The Proventus Agrocom IPO listing date is on June 5, 2023.
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Proventus Agrocom IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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294 Comments

103. NRockz |   Link |  Bookmark |June 19, 2023 10:52:14 AM
what would be the target and long term view ?
102. Dowg |   Link |  Bookmark |June 14, 2023 2:10:55 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Tagda Listing gain toh URBAN main hi hoga
101. REAL IPO |   Link |  Bookmark |June 8, 2023 12:26:20 AM
Mumbai (India’s ) top diamantaire Russell Mehta who is the owner and
CEO of Rosy Blue Diamonds and Mona Mehta.

ROSY BLUE INDIA PRIVATE LIMITED ROSY
62880 shares of Proventus Agrocom.
101.1. Dowg |   Link |  Bookmark |June 8, 2023 10:04:48 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
ANY OFFICIAL DETAILS AVAILABLE ABOUT ABOVE INFORMATION OR JUST A FAKE NEWS ?
100. REAL IPO |   Link |  Bookmark |June 7, 2023 11:33:27 PM
Ye wo nahi hai jo KAPPO BHAI kah rahe the.
Ye news muje mila tha jo maine yaha pe share kiya.
Baki ye Proventus Agrocom lambi Race ka 🐎 hai.
99. REAL IPO |   Link |  Bookmark |June 7, 2023 8:36:36 PM
Proventus Agrocom SHARE HOLDERS.

NON RESIDENT INDIANS (NRIs)

VIRAJ RUSSELL MEHTA
63040 shares

FOREIGN NATIONALS

B ARUNKUMAR CAPITAL AND CREDIT SERVICES PVT LTD
36000 shares.

( SHLOKA MEHTA AMBANI ) FAMILY
👆👆👆👆👆👆👆👆👆👆👆👆
Big positive for Proventus Agrocom
99.1. JAI JAI GARVI GUJARAT |   Link |  Bookmark |June 7, 2023 8:40:36 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
To kappo bhai iski baat kr rhe the ?🤔:)
99.2. Karan HNI |   Link |  Bookmark |June 7, 2023 9:14:18 PM
Perfect great news
98. Dowg |   Link |  Bookmark |June 6, 2023 9:56:19 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
lOKES BHAI TOH HOLD KAREGA 8-10 MORE TRADING SESSION TAK AUR MAIN BHI HOLD KAR RAHA HU.
Anyone remember Empyream Cashew (Krishival Foods Ltd now) became 10 in short period. Link is below for information only -
https://www.chittorgarh.com/ipo/empyrean-cashews-ipo/1234/
98.1. Dowg |   Link |  Bookmark |June 6, 2023 7:21:04 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Became 10X
97. KAPPO |   Link |  Bookmark |June 5, 2023 2:39:36 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Wait for 8 to 10 hours

May be it's lifetime jackpot
97.7. KAPPO |   Link |  Bookmark |June 7, 2023 3:01:50 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Bhai isme ek bahot hi bade investor ka naam aane ki shakyata thi par woh kuch reson se nahi hua agar uska naam aata toh yeh kisi ke hath me nahi aata

Just like alok industries
97.8. Karan HNI |   Link |  Bookmark |June 7, 2023 4:19:47 PM
@kappo I have also heard about the same. Not sure if he has invested or not. Also I feel this can go 2x easily in 6months to 1year looking at the company progress. Its peer is happilo is valued at 1000cr approx not studied about it but I feel it has potential to become like that. Also Sanjeev kapoor is a partner which is a big plus.
96. newgen consultancy |   Link |  Bookmark |June 5, 2023 2:34:10 PM
IPO Guru IPO Guru (3400+ Posts, 6000+ Likes)
Congratulations guys
Listed@821
95. Sanjay parmar |   Link |  Bookmark |June 5, 2023 1:59:25 PM
proventus...........26-5-2023............maine saf saf bola tha ...........khela hoga..........
94. SSingh |   Link |  Bookmark |June 5, 2023 12:31:47 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Ye to mast list ho gaya. Wahh!!!
Congratulations to those who applied.. :)
93. KAPPO |   Link |  Bookmark |June 5, 2023 10:39:09 AM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Yeh call no doubt maine Diya tha

Par mujhe kisine kaha tha specially ki c g forum par yeh call likh

So thnx to that guys from me n my c g forum guys
93.3. NRockz |   Link |  Bookmark |June 5, 2023 11:17:25 AM
Got 1 retail... good listing.. any short term target..?
93.4. HNISJao |   Link |  Bookmark |June 5, 2023 11:22:35 AM
👍👍👍👍
92. Dowg |   Link |  Bookmark |June 5, 2023 10:18:45 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@KAPPO Sir, have u exited ? now UC what next ? Surprisingly Traded Volume is very less.
91. Ipoyes |   Link |  Bookmark |June 5, 2023 10:07:23 AM
Something is there in this company
90. Kapil Mehra |   Link |  Bookmark |June 5, 2023 10:02:46 AM (200+ Posts)
Sold at 862.0 , Special thanks to Kappo Bhai for such conviction and positivity
89. GrayIsTheNewBlack |   Link |  Bookmark |June 5, 2023 9:46:51 AM
IPO Guru IPO Guru (2200+ Posts, 1300+ Likes)
Awesome listing 821 🔥
Congrats to all those who applied open.
Special thanks to @KAPPO bhai 🙏
89.1. arvindarvind |   Link |  Bookmark |June 5, 2023 9:54:37 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Yes a lot of thanks to @KAPPO  Bhai....
88. Trueinfo |   Link |  Bookmark |June 5, 2023 9:47:38 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Listed 821. Good listing undoubtedly.
88.1. Trueinfo |   Link |  Bookmark |June 5, 2023 9:50:42 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
For confirmed retail allotment
87. Dowg |   Link |  Bookmark |June 5, 2023 9:36:45 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
1 lakh traded at 771
86. ARJUN'S EYE |   Link |  Bookmark |June 5, 2023 9:21:06 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Proventus Agrocom Ltd NSE SME IPO.
NSE Code:-16534
Symbol:-PROV
Group:-ST
ISIN:-INE0ONE01016
Issue Price:-771/-
Market Lot:-160 Shares
Face Value:-10/-
Listing At:-NSE SME
85. MAMU |   Link |  Bookmark |June 4, 2023 8:26:11 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
Keep 1 thing in mind that even ipo/sme , fundamental only works after 1/2 quarter later post listing.
So whatever time horizon in mind, keep position According.
All the best to all those who dare to apply openly.
I am still not confident for great listing as main board ipo too launching so selling pressure will be there.
Will list around 15-25 premium range
Rest all bonus.
85.1. MAMU |   Link |  Bookmark |June 5, 2023 9:49:33 AM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
Rest all sold in 821/-
84. arvindarvind |   Link |  Bookmark |June 4, 2023 4:29:11 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
If more than 3.5 lakh share trade in preopen then chance of UC are very high.
84.1. arvindarvind |   Link |  Bookmark |June 5, 2023 9:47:04 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Volume is good but not meeting my criteria,
Sold my alloted one lot.
Still chance of UC is good.