#ProventusAgrocom, is an integrated health food brand that was set up in 2015. The company’s portfolio comprises of the total range of dry fruits, nuts, seeds, and berries. It is part of the healthy snack value chain
They strive at building the revenue stream by moving across the value chain from origination to distribution and creating an integrated business model - from "farm to homes".
Proventus Agrocom Ltd. is headquartered in Mumbai, Maharashtra. They also have an office in Dubai.
#Leadership, With 9 directors and 3 reported key management personnel. The longest serving director currently on board is Shalin Sanjiv Khanna who was appointed on 20 October, 2015. Deepak Kumar Agrawal and Durga Prasad Jhawar are also directors of the company.
Durga Prasad Jhawar brings his extensive experience in creation, management and driving the growth of ventures across the gamut of company activities from finance to distribution to fulfill the role of CEO
#Promoter, Durga Prasad Jhawar, Deepak Kumar Agrawal, Shalin Sanjiv Khanna, and Shree JMD Investment Advisors LLP are the Promoters of the Company
(In Crore) FY2022 FY2021 FY2020
SALES 369.91 275.20 895.13
Op. Profit2.30 2.03 -17.20
PAT 1.00 1.12 -21.91
SALES 369.91 275.20 895.13
Op. Profit2.30 2.03 -17.20
PAT 1.00 1.12 -21.91
#IPO, Proventus Agrocom's IPO opened on 24th May and closes on 26th May.
The issue consists of a fresh issue of 6,71,853 shares of Rs.51.80 crores. The price band for the issue is fixed at Rs. 771 per share.
The issue consists of a fresh issue of 6,71,853 shares of Rs.51.80 crores. The price band for the issue is fixed at Rs. 771 per share.
The lot size was set for 160 shares per lot. The shares has been allotted on the 31st of May and the issue will be listed on the 5th of June on the stock exchanges.
Objectives of Proventus Agrocom IPO(Raising money for)
1. Funding working capital requirements of the
Company.
2. Funding working capital requirements of the
material subsidiary namely, Prov Foods Private
Limited.
3. General Corporate Purposes.
1. Funding working capital requirements of the
Company.
2. Funding working capital requirements of the
material subsidiary namely, Prov Foods Private
Limited.
3. General Corporate Purposes.
#Strengths of the company,
• Extensive distribution network, arrangement with reputed chain stores and growing e-commerce channel
• Established and stable sourcing base
• Experienced Promoters and Management team
• Extensive distribution network, arrangement with reputed chain stores and growing e-commerce channel
• Established and stable sourcing base
• Experienced Promoters and Management team
• Capital-efficient and scalable retail model to capitalize on the industry growth profile driven by a rapid shift towards healthy lifestyle and hygienic food snacking trends, organized retail and increasing online penetration
#Risks for the company,
• Actual or alleged product contamination or deterioration may lead to legal liability and reputation damage for the company.
• Insufficient or disrupted supply and price volatility of raw materials and packaging materials may harm company's operations.
• Actual or alleged product contamination or deterioration may lead to legal liability and reputation damage for the company.
• Insufficient or disrupted supply and price volatility of raw materials and packaging materials may harm company's operations.
• Any significant disruption to production or cold storage facilities could have a significant negative impact on the company's business, financial condition, cash flows, and overall performance.
#Market, The global healthy snacks market amounted to 85.6 billion U.S. dollars in 2021 and is expected to grow at a rate of 6.6 percent annually between 2022 and 2030. As such, the market should reach 152.3 billion U.S. dollars by 2030.
Follow❤️For More Updates!! #StockMarket #IPO
Loading suggestions...