Proventus Agrocom Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Proventus Agro.

CMP

999.00

+9.00 (0.91%)

  • DRHP
₹771

Offer Price

₹ 69.54 Cr

Issue Size

₹ 1,23,360

Min Investment

160

Lot size

Time Line

  • 24
    May 2023
    Open
  • 26
    May 2023
    Close
  • 31
    May 2023
    Finalisation of Basis of Allotment
  • 01
    Jun 2023
    Initiation of Refunds
  • 02
    Jun 2023
    Transfer of Shares to Demat Account
  • 05
    Jun 2023
    Listing Date

Risks

  • Any actual or alleged contamination or deterioration of its products could result in legal liability or damage the company reputation. Further, food safety and food-borne illness incidents or other safety concerns may materially and adversely affect its business by exposing it to lawsuits, product recalls or regulatory enforcement actions, increasing the company operating costs and reducing demand for its product offerings. Further, the loss of certain independent certification and accreditation of its products and the practices that we have adopted could harm the company business.

  • Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.

  • The company historical performance is not indicative of its future growth or financial results and its may not be able to sustain its historical growth rates. The company inability to effectively manage its growth or implement its growth strategies may have a material adverse effect on its business prospects and future financial performance.

  • Any significant interruption in continuing operations of its production or cold storage facilities could have a material adverse effect on its business, results of operations, cash flows and financial condition.

  • The company operate in an environmentally sensitive industry and are subject to disruptions due to unpredictable or unseasonal weather impacting the geographies from where its procure the company raw material. Consequently, extreme climatic changes or natural calamities impacting such geographies, may have an adverse effect on its business, results of operations, cash flows and financial condition.

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 300.88 (-) 403.27 (34.00%) 418.91 (3.90%)
Gross Profit 300.88 (-) 403.27 (34.00%) 418.91 (3.90%)
Net Income 300.88 (-) 403.27 (34.00%) 418.91 (3.90%)
Assets 300.88 (-) 403.27 (34.00%) 418.91 (3.90%)
Liabilities 300.88 (-) 403.27 (34.00%) 418.91 (3.90%)

Book Running Managers

  • Sundae Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Unit 515 5th Flr C Wing 1 MTR,
Cabin Atrium (V) Mulgaon MV Rd,
Mumbai - 400069
Phone : +91 22 6211 0900 Email : cs@proventusagro.com www.proventusagro.com

Offer Related Information

Intial public offer of up to 9,02,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Proventus Agrocom Limited ("Company" / "Issuer") for cash at a price of Rs. 771 per equity share (including a share premium of Rs. 761 per equity share) ("Offer Price") aggregating up to Rs. 69.54 crores comprising a fresh issue of up to 6,71,853 equity shares aggregating up to Rs. 51.80 crores by the company ("Fresh Issue") and an offer for sale of up to 2,30,147 equity shares aggregating up... More

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