Proventus Agrocom Limited
ListedSMEAgriculture & 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
₹25
+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
Last updated 12 days ago
Overall Subscription
2.75x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
4.75x
High Net-Worth
Retail (RII)
0.74x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 428,450 | 2,036,320 | 4.75x |
| RETAIL | 428,450 | 316,800 | 0.74x |
| Total | 856,900 | 2,353,120 | 2.75x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,973 | 1,460 | 0.74x |
| HNIs (10L +) | 13 | 62 | 4.75x |
| HNIs (2-10L) | 60 | 285 | 4.75x |
| Total Applications | 2,046 | 1,807 | 0.88x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Proventus Agrocom Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Proventus Agrocom Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Proventus Agrocom Limited IPO is ₹25 per equity share. Based on the upper price band of ₹771 to ₹771 per equity share, the estimated listing price is ₹796 (+3.2% expected listing gain).
What is the expected profit per lot for Proventus Agrocom Limited IPO?
With a lot size of 160 shares and current GMP of ₹25, the expected profit per application lot is approx ₹4,000 (+3.2% gain). Minimum application cost is approx ₹1,23,360.
What is the issue size and price band for Proventus Agrocom Limited IPO?
The Proventus Agrocom Limited IPO aggregate issue size is ₹69.54 Crores with an equity price band set at ₹771 to ₹771 per equity share. The retail lot size is 160 shares requiring a minimum capital outlay of approx. ₹1,23,360.
How can I check Proventus Agrocom Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.75x (Retail: 0.74x, QIB: 0.00x, NII: 4.75x). You can track live multiples directly on our dedicated subscription page.
Where and when will Proventus Agrocom Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-06-01. Investors can verify status using PAN card or application number.
When is the listing date for Proventus Agrocom Limited IPO?
Proventus Agrocom Limited shares are scheduled to list on NSE on 2023-06-05.