Proventus Agrocom IPO Details | GMP, Date, Price, Review

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Proventus Agrocom IPO Details ( Proventus Agrocom Limited IPO Review )

(24 May 2023 – 26 May 2023)

Established in 2015, Proventus Agrocom Limited is a holistic health food brand that specializes in a wide range of dry fruits, nuts, seeds, and berries. The company prides itself on offering an extensive selection of nutritious snacking options throughout the entire value chain.

Proventus is guided by the motto of cultivating expertise in healthy food products. Their goal is to establish a robust revenue stream by traversing the entire value chain, encompassing origination to distribution, and building an integrated business model that spans from “farm to homes.”

Proventus is actively working to address the gap in the Indian market for healthy snacking options, specifically focusing on the dry fruits, nuts, seeds, and berries category. Their aim is to provide a wide range of nutritious choices in this segment.

The company’s products are marketed under the brand name “ProV. This brand represents the high-quality and nutritious offerings provided by Proventus.

Proventus Agrocom Limited offers a diverse range of products including nuts, dry fruits, seeds, and berries. Their product lineup includes:

  • Assorted nuts such as almonds, cashews, walnuts, and pistachios.
  • An array of delectable dry fruits like dates, raisins, apricots, and figs.
  • Various types of seeds including chia seeds, flaxseeds, sunflower seeds, and pumpkin seeds.
  • A selection of nutritious berries like goji berries, cranberries, blueberries, and strawberries.

These products are carefully sourced and curated to ensure exceptional quality and freshness for consumers.

The Proventus Agrocom Limited group operates through its subsidiary companies, including Prov Foods Private Limited and Proventus Retail Private Limited. These material subsidiaries play a significant role in the overall operations and business activities of the Proventus Agrocom Limited group.

Proventus Agrocom IPO Financials Performance ( Results )

Proventus Agrocom  Limited Financial Information ( Restated Consolidated )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IPO Issue

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

Proventus Agrocom IPO Basic Details

IPO DateMay 24, 2023 to May 26, 2023
Listing DateMonday, June 05, 2023
Face Value₹10 per share
Price₹771 per share
Lot Size160 Shares
Issue Size902,000 shares
(aggregating up to ₹69.54 Cr)
Fresh Issue671,853 shares
(aggregating up to ₹51.80 Cr)
Offer for Sale230,147 shares of ₹10
(aggregating up to ₹17.74 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue2,755,768
Share holding post issue3,427,621
Company PromotersDurga Prasad Jhawar,
Deepak Kumar Agrawal,
Shalin Sanjiv Khanna And
Shree Jmd Investment Advisors Llp

Proventus Agrocom IPO Reservation

Other Shares Offered50% of the Offer
Retail Shares Offered50% of the Offer

Proventus Agrocom IPO Timetable

Proventus Agrocom IPO will open on May 24, 2023 and close on May 26, 2023. You can join Proventus Agrocom IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date24 May 2023 (Wednesday)
Closing Date26 May 2023 (Friday)
Basis of Allotment31 May 2023 (Wednesday)
Initiation of Refunds1 June 2023 (Thursday)
Credit of Shares to Demat2 June 2023 (Friday)
Listing Date5 June 2023 (Monday)
Deadline for Confirming UPI mandate5 PM on 5 June 2023

Proventus Agrocom IPO Lot Size

For retail investors in Proventus Agrocom IPO, 160 shares will come in 1 lot or the minimum investment will be ₹123,360. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹123,360.

Retail (Min)1160₹123,360
Retail (Max)1160₹123,360
S-HNI (Min)2320₹246,720

Proventus Agrocom IPO Promoter Holding

Pre Issue Share Holding92.29%
Post Issue Share Holding70.84%

Proventus Agrocom IPO Valuation – FY2022

Earning Per Share (EPS)₹4.14 per Equity Share
Price/Earning P/E Ratio186.23
Return on Net Worth (RoNW)3.08%
Net Asset Value (NAV)₹216.52 per Equity Share
Upper Price/Book Value (Price/BV) RatioComing Soon

Proventus Agrocom Ltd Key Performance Indicator

Market Cap (₹ Cr.)264.27
P/E (x)186.23
ROE (%)0.04
ROCE (%)0.05

Proventus Agrocom Ltd Peer Comparison

Company NameConsolidated/
Proventus Agrocom
Listed Peers
Empyrean Cashews

Proventus Agrocom IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
3 June 2023₹14
2 June 2023₹13
1 June 2023₹12
31 May 2023₹10
30 May 2023₹18
29 May 2023₹16
28 May 2023₹18
27 May 2023₹20
26 May 2023₹28
25 May 2023₹37
24 May 2023₹0
23 May 2023₹0

Proventus Agrocom IPO Detail Video:

Proventus Agrocom IPO Subscription Status (Bidding Detail)

The Proventus Agrocom IPO on May 26, 2023 at 7:30:00 PM was subscribed 2.61 times, with the retail category being subscribed 0.74 times, the other category being subscribed 4.30 times.


Proventus Agrocom IPO Prospectus

Proventus Agrocom IPO DRHPDownload
Proventus Agrocom IPO RHPDownload

Proventus Agrocom IPO Rating

Our Rating2.0/5.0

Proventus Agrocom Company Contact Information

Proventus Agrocom Limited

Registered Office: Unit 515, 5th Floor, C Wing, 1 MTR Cabin,
Atrium, Village Mulgaon, MV Road, Andheri (East),
Near Acme Plaza, Mumbai – 400 069, Maharashtra, India
Tel. No.: +91 22 6211 0900
Contact Person: Pinal Rakesh Darji, Company Secretary & Compliance Officer
E-mail id:

Proventus Agrocom IPO Registrar

Bigshare Services Private Limited

Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India
Tel.: + 91 22 6263 8200
Fax: +91 22 6263 8299
E-mail ID:
SEBI Regn. No.: INR000001385
Contact Person: Babu Raphael

Proventus Agrocom IPO Lead Manager

Sundae Capital Advisors Private Limited

Registered Office: Level 11, Platina, Plot No C – 59, ‘G’ Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051, Maharashtra, India
Tel. No.: +91 22 6884 1336
Investor Grievance e-mail id:
SEBI Regn. No.: INM000012494
Contact Person: Rajiv Sharma / Anchal Lohia

Proventus Agrocom IPO FAQs

What is the lot size of Proventus Agrocom IPO?

The total size of Proventus Agrocom IPO is 69.54 crores out of which ₹51.80 crores is fresh issue and ₹17.74 crores is offer for sale (OFS).

When will Proventus Agrocom IPO start?

Proventus Agrocom IPO will Open from 24 May 2023 and IPO will Close on 26 May 2023.

What is the open date of Proventus Agrocom IPO?

Proventus Agrocom IPO will open date from 24 May 2023.

What is the last date ( close date ) of Proventus Agrocom IPO?

Proventus Agrocom IPO will close from 26 May 2023.

What is the price band of Proventus Agrocom IPO?

Proventus Agrocom IPO price band is ₹771.

What is the minimum amount required to apply for Proventus Agrocom IPO?

The minimum investment for retailers to apply for Proventus Agrocom IPO is ₹123,360 and the maximum investment is ₹123,360.

What is going on gray market premium of Proventus Agrocom IPO?

View gray market premium of Proventus Agrocom IPO by Clicking Here

How much is the GMP of Proventus Agrocom IPO?

Watch Proventus Agrocom IPO GMP Today: Click Here

What is the allotment date of Proventus Agrocom IPO?

The Allotment Date of Proventus Agrocom IPO is 31 May 2023.

How to check allotment status in Proventus Agrocom IPO?

To check the allotment status of Proventus Agrocom IPO, first of all go to the registrar website by clicking here, select your bad Proventus Agrocom IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Proventus Agrocom IPO?

The Listing Date of Proventus Agrocom IPO is 5 June 2023.

How much will be the listing gain in Proventus Agrocom IPO?

View listing gain of Proventus Agrocom IPO by Clicking Here

How much time Proventus Agrocom IPO is subscribed?

Total 2.61 times subscribed in Proventus Agrocom IPO out of which 0.74 times subscription was done in retail quota, 4.30 times subscription in other quota.

How to apply for Proventus Agrocom IPO from Upstox?

Click Here to see how to apply for Proventus Agrocom IPO from Upstox. (step by step)

How to apply for Proventus Agrocom IPO from Zerodha?

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How to apply for Proventus Agrocom IPO from Angle One?

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