Proventus Agrochem Limited is an incorporated health food brand that offers a wide range of dry fruits, nuts, seeds, and berries, along with a variety of healthy snacking products. They strive to become a one-stop shop for consumers, concentrating on diversifying their product offerings and strengthening their presence across the value chain.
Proventus seeks to establish expertise in nutritional food products and generate revenue by covering the whole range from sourcing to distribution, creating an integrated business model that spans from the farm to consumers’ homes. By creating a robust network for sourcing and distribution, Proventus strives to catch the demand and supply in the healthy snacking space.
In India, there is a significant gap in the market for healthy snacks, particularly in the dry fruits, nuts, seeds, and berries category. In recent years, there has been a shift in consumer preferences from unbranded or loose produce to branded products, even in Tier 2 cities where local grocery stores are embracing this change. Consumers are seeking trustworthy brands that offer innovative products, ranging from natural options to flavor-enhanced healthy snacks. This is where Proventus, with its extensive range of healthy snacks, positions itself. With widespread distribution across India and easy availability, Proventus aims to become the go-to brand for consumers whenever they wish to purchase nuts or dry fruits.
Proventus Agrochem Limited IPO Complete Details:
| IPO Date | 24 May 2023 to 26 May 2023 |
| Issue Type | Fixed Price Issue |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | Rs.771 |
| Lot Size | 160 |
| Issue Size | 902,000 shares (Rs. 69.54 Cr) |
| Fresh Issue | 671,853 shares (Rs. 51.80 Cr) |
| Offer For Sale | 230,147 shares (Rs. 17.74 Cr) |
| Listing Date | 05 June 2023 |
Proventus Agrochem Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 24 May 2023 |
| Closing Date | 26 May 2023 |
| Allotment | 31 May 2023 |
| Initiation of Refunds | 01 June 2023 |
| Credit of Shares to Demat Account | 02 June 2023 |
| Listing Date | 05 June 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Borrowings | Reserves and Surplus |
|---|---|---|---|---|---|
| 31 March 2020 | 8,936.94 | 90,089.01 | -2,190.46 | 1,728.54 | 4,731.01 |
| 31 March 2021 | 8,843.36 | 30,173.92 | 187.90 | 2,940.72 | 4,911.92 |
| 31 March 2022 | 10,131.13 | 40,434.57 | 114.03 | 3,444.05 | 5,034.17 |
| 31 December 2022 | 9,735.37 | 31,909.63 | 189.82 | 3,061.13 | 5,234.74 |
AS OF NOW, the GMP OF Proventus Agrochem Limited is Around 17 Rs.