Proventus Agrocom IPO Details & Review at Chanakyanipothi.com,
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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|
|Employee discount||Rs. 0 per share|
|Retail Lot Size||160 Shares|
|Listing will at||NSE Sme|
|Shares offered to|
|Retail portion will be oversubscribed by||2678|
|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
|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.||%|
|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|
Key Performance indicators
|Upper Price/last EPS||–|
|Upper price/BV Ratio||–|
|Upper price/BV after IPO||–|
Proventus Agrocom IPO particulars & Guidance
|As on date of DRHP||FV||Total||PE|
|Rs. In Cr|
|The IPO Company||10||403.27||?|
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