Proventus Agrocom Limited

Company Profile
Company Name Proventus Agrocom Limited
Open Date 24-05-2023
Close Date 26-05-2023
Exchange NSE SME
Lot Size 160 shares
Issue Price ₹ 771 per share
Issue Size 9,02,000Equity Shares
Application Amount ₹ 1,23,360
Recommendation Avoid
Proventus Agrocom Limited is an integrated health food brand with presence in entire range of dry fruits, nuts, seeds and berries and healthy snacking products across the value chain. Their approach in the space focuses on diversifying across the baskets and intensifying their presence across the value chain; in the end, being a ‘one-stop shop’ for consumers. The motto of Proventus is to create expertise in healthy food products and build the revenue stream by moving across the value chain from origination to distribution and creating an integrated business model – “from farm to homes”. The fundamental cornerstone of their approach is to capture the demand and supply stream by developing a strong base of sourcing and distribution. In 2017, company launched the brand “ProV” and today they have 100+ SKUs offering through their 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.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Dec-22
Total Assets 8,843.36 10,131.13 9,735.37
Net Assets 5,160.50 5,282.75 5,483.32
Total Borrowings 2,940.72 3,444.05 3,061.13
Total Revenue 30,173.92 40,434.57 31,909.63
Profit After Tax 187.90 114.03 189.82

Tentative Timeline

Opening Date 24-05-2023
Closing Date 26-05-2023
Basis of Allotment 31-05-2023
Initiation of Refunds 01-06-2023
Credit of Shares to Demat 02-06-2023
Listing Date 05-06-2023

Objects of the Issue

Funding working capital requirements of the Company
Funding working capital requirements of the material subsidiary namely, Prov Foods Private Limited
General Corporate Purposes

Contact Information

Registered Office Proventus Agrocom Limited Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Village Mulgaon, MV Road, Andheri (East), Near Acme Plaza, Mumbai - 400 069
Phone +91 22 6211 0900

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Shareholding Pattern

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