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IPO Synopsis

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  • IPO Synopsis


Proventus Agrocom Ltd
  • Registered Office: Unit 515 5th Flr C Wing 1 MTR,Cabin Atrium (V) Mulgaon MV Rd, Mumbai - 400069, Maharashtra, India. Phone : +91 22 6211 0900   Fax:
  • Email : cs@proventusagro.com
  • Website :www.proventusagro.com
Initial public offer of up to 9,01,920 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 equityshare) ("Offer Price") aggregating up to Rs. 69.54 crores comprising a fresh issue of up to 6,71,773 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 to Rs. 17.74 crores ("Offered Shares") by the selling shareholders comprising up to 1,15,145 equity shares aggregating up to Rs. 8.88 crores by Shree JMD Investment Advisors llp, Shalin Sanjiv Khanna and Sanjiv Jagdish Khanna (the "Promoter Selling Shareholder") and upto 1,15,002 equity shares aggregatingup to Rs. 8.87 crores by Guruprasad Rao and Manish Bhagchand Jain huf (collectively "Other Selling Shareholders") (the promoter selling shareholders and the other selling shareholders, collectively referred to as the "Selling Shareholders") ("Offer for Sale", together with the fresh issue, the "Offer"). The offer includes a reservation of up to 45,120 equity shares aggregating up to Rs. 3.48 crores for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 26.31% and 25.00%, respectively, of the post-offer paidup equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is 77.1 times of the face value.
Opens On Closes On
24-May-23 26-May-23
Money Payable On
Application Allotment
771.00 0.00
Minimum Application for shares in Nos : 160 Further Multiples of : 160
Cr Lead Managers to the Issue
Project Cost (.Cr) 50.55 Sundae Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 69.54  
Post Issue Equity Share Capital (.Cr) 3.43
Issue Price () 771.00
Funding working capital requirements of the company
Funding working capital requirements of the company material subidiary namely Prov Foods Pvt Ltd
General Corporate Purposes
Promoted By
Durga Prasad Jhawar
Deepak Kumar Agrawal
Shalin Sanjiv Khanna
Listing At
Registrar to the Issue
No Data Available