Proventus Agrocom IPO Details & Review at Chanakyanipothi.com,
    the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
    Proventus Agrocom IPO

    Proventus Agrocom IPO Listing:
    The scrip got listed at RS. 821 on 5 June 2023 as compared to issue price of Rs. 771 (GMP prior to the listing day: Rs. 15). So, the listing has been much above the expectation of GM players.

    Proventus Agrocom IPO Review:

     Proventus imports majority of the dry fruits, seeds, nuts and berries which are sold under its brand name or directly to traders. During last two years the company has shown good profits, yet the IPO size is very large and the shares are offered at pricey valuation. 

    What is the GMP of Proventus Agrocom IPO? Prior to the Listing day
    GMP:  Rs. 12
    Subject to Rates: Rs.-

    Proventus Agrocom IPO Subscription Status
    On 26 May 2023 @ 5.00 (Closed)
    NII:      473550   Shares 04.30 T
    RII:      428450   Shares 00.74 T
    Total:   902000  Shares 02.61 T

    Proventus Agrocom IPO Particulars & Guidance:
    About the business

    Proventus Agrocom is an integrated health food brand with our presence in entire range of dry fruits, nuts, seeds and berries and healthy snacking products across the value chain. Its approach in the space focuses on diversifying across the baskets and intensifying its presence across the value chain; in the end, being a ‘one -stop shop’ for its consumers. 

    As consumer preference gravitates towards better quality branded produce, they are looking for a trustworthy brand offering innovative products from natural to flavour augmented healthy snacks – this is where ‘ProV’ is positioned with its wide range of healthy snacks in the dry fruits, nuts, seeds and berries category. With its pan-India distribution and easy availability, ProV aims to be THE brand consumers think of whenever they want to buy nuts or dry fruits.
    Today Proventus imports majority of the dry fruits, seeds, nuts and berries which are sold directly by Proventus Agrocom and also used by its Material Subsidiaries to meet part of their requirement for retail brand business under “ProV” and creating new products.

    In the last three years, it has developed direct relationships with 45+ growers and / or suppliers across the globe including California, Chile and Afghanistan, and is a member of the American Pistachios Grower Group and the Wonderful Pistachio India Pista promotion program.
    In 2017, it launched the brand “ProV” and today it has 100+ SKUs offering through its subsidiaries, ProV Foods and Proventus Retail, that include the premium quality of dry fruits including almonds, cashews, walnuts, raisins and pistachios, sourced from the orchards across India and abroad.

    ProV has a FSSC 22000 compliant processing plant admeasuring 3,025 sq. mtr situated at Gen 71/2, TTC Industrial Area, Mahape, Navi Mumbai.
    Apart from its own website, ProV products can be found and ordered from all leading ecommerce websites like Flipkart, Amazon and Bigbasket and are also available in retail stores like Dmart, More Retail, Metro Cash & Carry, etc as well as in the neighbourhood kirana shops.

    Get more information about the company @ www.proventusagro.com

    Proventus Agrocom IPO Details
    IPO opens on Tentative  24 May 2023
    IPO closes on   26 May 2023
    Issue Type Book Built Issue IPO
    Issue Size 902000 Sh /Rs 69.54 Cr
    * Fresh Issue 671853 Sh /Rs 51.80 Cr
    * Offer for Sale  230147 Sh /Rs 17.74 Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs.771
    Employee discount  Rs. 0 per share
    Retail Lot Size  160 Shares
    Listing will at  NSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0%)
    NII  (50%) 428450 33.03
    RII  (50%) 428450 33.03
    Total Shares  856900 66.06
    Retail portion will be oversubscribed by  2678
    Forms
    How much Shares to Apply in Crayons Advertising IPO?
    Min Retail Application 160 Sh Rs. 123360
    Min HNI Application  320 Sh Rs. 246720

    Who are the Promoters of Proventus Agrocom IPO?
    DURGA PRASAD JHAWAR, DEEPAK KUMAR AGRAWAL, SHALIN SANJIV KHANNA AND SHREE JMD
    INVESTMENT ADVISORS LLP

    What are the Objects of Proventus Agrocom IPO?
    The Company proposes to utilize the Net Proceeds from the Issue
    for Funding working capital requirements of the Company and its material subsidiary namely, Prov Foods
    Private Limited

    IPO Tentative timetable
    IPO opens on 24 May 2023
    IPO Closes on 26 May 2023
    IPO Allotment on  31 May 2023
    Unblocking of ASBA  1 June 2023
    Credit of Shares 2 June 2023
    Listing on 5 June 2023
    Registered Office of the Company
    Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Village Mulgaon, MV Road, Andheri (East), Near Acme Plaza, Mumbai – 400 069, Maharashtra, India
     Who are the Lead Managers of Proventus Agrocom IPO?
    Sundae Capital Advisors Pvt Ltd
    Who is the Registrar to IPO?
    Bigshare Services Pvt Ltd
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Cr Rs. %
    2019-20 900.89 (21.90) (88) NA
    2020-21 301.74 1.88 7.56 3.22
    2021-22  404.35 1.14 4.59 1.91
    Book Value of the Share on 31.03.2022 Rs.216.52    
    Book Value of the Share after the IPO Rs. –    
    Offer Price   Rs. 771    
    Proventus Agrocom
    Key Performance indicators
    Upper Price/last EPS
    Upper price/BV Ratio
    Upper price/BV after IPO 

    Proventus Agrocom IPO particulars & Guidance
    Peer Comparison: 

    As on date of DRHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    The IPO Company 10 403.27 ?
    Empyrean Cashews 10 52.29 129.72
           
           

     

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    >>Go to Mainboard IPOs Section: Click
    >>Get Good Staff or Job, Click: Staffavailable.com
    >>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
    >>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
    >>Study Stock Research Reports, Click: AnalysisLibrary.com
    >>
    Interested in Crossword Puzzles? Click: Magajmari.com

    Leave a Reply

    Your email address will not be published. Required fields are marked *