Proventus Agrocom Limited

Proventus Agrochem Limited IPO Review, Date, Price, GMP, Allotment

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 Date24 May 2023 to 26 May 2023
Issue TypeFixed Price Issue
Listing AtNSE SME
Face Value10 Rs. Per Share
Lot Size160
Issue Size902,000 shares (Rs. 69.54 Cr)
Fresh Issue671,853 shares (Rs. 51.80 Cr)
Offer For Sale230,147 shares (Rs. 17.74 Cr)
Listing Date05 June 2023

Proventus Agrochem Limited IPO Timetable:

Opening Date24 May 2023
Closing Date26 May 2023
Allotment31 May 2023
Initiation of Refunds01 June 2023
Credit of Shares to Demat Account02 June 2023
Listing Date05 June 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxBorrowingsReserves and Surplus
31 March 20208,936.9490,089.01-2,190.461,728.544,731.01
31 March 20218,843.3630,173.92187.902,940.724,911.92
31 March 202210,131.1340,434.57114.033,444.055,034.17
31 December 20229,735.3731,909.63189.823,061.135,234.74
Amount In Lakhs

AS OF NOW, the GMP OF Proventus Agrochem Limited is Around 17 Rs.

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