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SME IPO Status: Listed [24th May 2023 to 26th May 2023]
Proventus Agrocom Limited offers a SME IPO issue size of 902,000 equity shares worth up to Rs 69.54 Cr. The subscription for this SME IPO is opening from 24 May 2023 to 26 May 2023. The face value of the equity share is Rs 10 per share. And the issue price is fixed at Rs 771 per share along with the lot size of 160 shares and its multiple.
Stay updated with us to know more about the Proventus Agrocom Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 24th May 2023 |
| SME IPO Issue Closing Date: | 26th May 2023 |
| SME IPO Issue Price: | ₹771 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹69.54 Cr |
| Offer for Sale: | ₹17.74 Cr |
| Fresh Issue: | ₹51.79 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.29% |
| Promoter Holding Post IPO: | 70.84% |
| Allotment Status: | Allotment Status |
| NSE Code: | PROV |
Get important updates regarding Proventus Agrocom SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 31st May 2023 |
| Refunds Initiation* | 1st Jun 2023 |
| Credit of Shares to Demat* | 2nd Jun 2023 |
| SME IPO Listing Date* | 5th Jun 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹771 |
| Market Lot: | 160 Shares |
| 1 Lot Amount: | ₹123360 |
| Min HNI Lots: | 320 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-06-2023 | 771 | 14 | -- | ₹785 (1.82%) | 5-Jun-2023 9:00 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Proventus Agrocom Limited was established in 2015. It is an integrated natural food brand present throughout the value chain of dried fruits, nuts, seeds and berries, and healthy snack products. Their approach in this space is focused on diversifying baskets and strengthening their presence across the value chain so that they have a 'one-stop shop' for their consumers.
In India, there is a huge vacuum in the "healthy snacks" space, especially in the dried fruits, nuts, seeds and berries category. In recent years, consumer preference has shifted from unbranded products to branded products and Kirana stores in tier-2 cities. As consumer preference shifts to higher quality branded products, they are looking for a trusted brand that offers innovative products ranging from natural to flavoured healthy snacks - this is where 'ProV' positions itself with its wide range of healthy snacks in the dried fruits, nuts, seeds and berries category. With its India-wide distribution and easy availability, ProV aims to become the brand that consumers think of when they want to buy nuts or dry fruits.
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Nutrition Food | ₹69.54 Cr | http://www.proventusagro.com/ |
The company proposes to utilize the Net Proceeds towards funding the following objectives:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 473,550 (52.5%) | 428,450 (47.5%) | 902,000 | |
| 1 | 24th May 2023 19:31 | 0.05x | 0.02x | 0.04x |
| 2 | 25th May 2023 19:31 | 0.37x | 0.14x | 0.26x |
| 3 | 26th May 2023 19:31 | 4.30x | 0.74x | 2.61x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8,936.94 | 90,089.01 | -2,190.46 | 5,663.58 | 4,731.01 | 1,728.54 |
| 31-Mar-21 | 8,843.36 | 30,173.92 | 187.90 | 5,844.50 | 4,911.92 | 2,940.72 |
| 31-Mar-22 | 10,131.13 | 40,434.57 | 114.03 | 5,966.75 | 5,034.17 | 3,444.05 |
| 31-Dec-22 | 9,735.37 | 31,909.63 | 189.82 | 6,167.31 | 5,234.74 | 3,061.13 |
| Amount in ? Lakhs | ||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Proventus Agrochem Limited | 4.14 | 4.14 | 216.52 | 186.23 | 1.91 | Consolidated |
| Krishival Foods Limited | 2.32 | 2.32 | 21.33 | 112.72 | 8.05 | Consolidated |
Last Updated on 08-Jun-2023 21:30:08
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Proventus Agrocom SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Proventus Agrocom SME IPO with Zerodha.
Alternate approch to apply in Proventus Agrocom SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Proventus Agrocom SME IPO Review and Important Updates
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To subscribe or apply in Proventus Agrocom SME IPO, you can use the following methods:
| Proventus Agrocom SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Proventus Agrocom SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Proventus Agrocom SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Proventus Agrocom SME IPO. Most of the Syndicate Banks provide access to apply in Proventus Agrocom IPO via ASBA process. You must have your net banking access, DP ID information to apply in Proventus Agrocom SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Proventus Agrocom SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Proventus Agrocom SME IPO Review and Important Updates
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Proventus Agrocom SME IPO is going to be list on 05-06-2023. NSE Code for Proventus Agrocom is PROV. BSE Code for Proventus Agrocom is .
Other relevant questions:
When Proventus Agrocom SME IPO will be listing? Proventus Agrocom SME IPO NSE listing date?Proventus Agrocom SME IPO date of listing.Proventus Agrocom SME IPO BSE listing date?
Proventus Agrocom SME IPO Allotment Date is 31-05-2023.
Other relevant questions:
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