
Agriculture & Food Processing · NSE
Incorporated in 2015, Proventus Agrochem Limited is an integrated health food brand offering a wide range of dry fruits, nuts, seeds, berries, and healthy snacking products. Operating with a “farm to homes” business model, the company aims to create expertise across the value chain, from origination to distribution, filling the gap in India’s healthy snacking segment. Its products are marketed under the brand “ProV” and include almonds, pistachios, cashews, walnuts, raisins, and other nuts, dry fruits, seeds, and berries. The company also operates through its subsidiaries, Prov Foods Private Limited and Proventus Retail Private Limited.
Price Band
₹771
Issue Size
₹69.54 Cr
Lot Size
160 shares
GMP
+3.2%
Est. Listing
₹796
at current GMP
Subscribed
2.75x
overall
Open
24 May 2023
Close
26 May 2023
Allotment
1 Jun 2023
Refund
2 Jun 2023
Demat Credit
3 Jun 2023
Listing
5 Jun 2023
Designated Registrar: Bigshare Services Private Limited
Allotment Date
1 Jun 2023
Basis finalization
Refunds Initiate
2 Jun 2023
Mandate release
Demat Credit
3 Jun 2023
Shares in demat
Listing Debut
5 Jun 2023
Trading begins
Proventus Agrocom Limited is bringing an initial public offering (IPO) in the Agriculture & Food Processing sector with an aggregate issue size of ₹69.54 Crores. The shares are offered at a price band of ₹771 to ₹771 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 160 shares (approx. ₹1,23,360 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-06-03, while un-allotted funds or UPI block mandates will be released on 2023-06-02.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.