| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹69.54 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹69.54 Cr |
| Fresh Issue | ₹48.31 Cr |
| Offer for Sale | ₹17.74 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน771.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | PROV |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Sundae Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 160 shares and in multiples thereof
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:
The Group Proventus Agrochem Limited operates through its Material Subsidiaries like Prov Foods Private Limited, and Proventus Retail Private Limited.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 9.91 |
| 2 | Funding working capital requirements of our material subsidiary namely, Prov Foods Private Limited | 29.86 |
| 3 | General Corporate Purposes | 10.78 |
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 97.35 | 101.31 | 88.43 | 89.37 |
| Total Income | 319.10 | 404.35 | 301.74 | 900.89 |
| Profit After Tax | 1.90 | 1.14 | 1.88 | -21.90 |
| NET Worth | 61.67 | 59.67 | 58.45 | 56.64 |
| Reserves and Surplus | 52.35 | 50.34 | 49.12 | 47.31 |
| Total Borrowing | 30.61 | 34.44 | 29.41 | 17.29 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 2% |
| ROCE | 4% |
| Debt / Equity | 0.56% |
| RoNW | 1.91% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 4.14 | |
| P/E (x) | 186.23 | |
| Promoter Holding | 92.29% | 70.84% |
| Market Cap | โน264.27 Cr. | |