Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Wed, Jul 13, 2022 - Mon, Jul 18, 2022
Healthy Life Agritec IPO is a fixed price issue of ₹10.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹10.00 crore.
Healthy Life Agritec IPO bidding started from Jul 13, 2022 and ended on Jul 18, 2022. The allotment for Healthy Life Agritec IPO was finalized on Jul 21, 2022. The shares got listed on BSE SME on Jul 26, 2022.
Healthy Life Agritec IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Healthy Life Agritec IPO RHP for detailed Information.
IPO Open
Wed, Jul 13, 2022
IPO Close
Mon, Jul 18, 2022
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹22.01 Cr
| IPO Date | 13 to 18 Jul, 2022 |
| Listed on | Tue, Jul 26, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 5,00,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.5000 Cr) |
| Fresh Issue (Ex Market Maker) | 95,00,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 95,00,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,20,12,000 shares |
| Share Holding Post Issue | 2,20,12,000 shares |
| BSE Script Code | 543546 |
| ISIN | INE0L3501015 |
Healthy Life Agritec IPO comprises a total issue size of 1,00,00,000 shares. The net offer to the public is 95,00,000 shares, after excluding 5,00,000 shares allotted on a firm basis. Of the Net offer 47,50,000 (50.00%) allocated to NII 47,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 47,50,000 | 50.00% | 47.50% |
| Retail Shares Offered | 47,50,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,00,000 | 5.00% | |
| Total Shares Offered | 1,00,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 2019, Healthy Life Agritec Limited is engaged in the business of trading Raw Milk, Chicken and Agro Products in the state of Maharashtra and Karnataka. The company has procurement partners, to coordinate the milk procurement process with milk farmers and supply Raw milk to milk wholesalers in the state of Maharashtra.
The company sells milk powder, bakery goods, buttermilk, yogurt, butter, cheese, paneer, milk cream, dips, custard, ghee, and juices under the brand name Healthy Life.
Healthy Life Agritec also procures poultry from poultry growers in the state of Maharashtra and Karnataka and supplies poultry to chicken wholesalers in the state of Maharashtra and Karnataka. The company's products are certified with ISO 9001:2015.
Competitive Strengths:
| Period Ended | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|
| Assets | 14.64 | 5.72 |
| Total Income | 26.16 | 4.12 |
| Profit After Tax | 0.76 | 0.07 |
| NET Worth | 10.84 | 0.07 |
| Reserves and Surplus | 0.83 | 0.06 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 8.54 |
| 2 | General corporate purposes | 1.00 |
| 3 | Issue related expenses | 0.46 |
| KPI | |
|---|---|
| ROE | 7.61 |
| ROCE | 15.19 |
| Debt/Equity | 0.08 |
| RoNW | 7.03 |
| EBITDA Margin | 3.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.44 | |
| P/E (x) | 26.31 | |
| Promoter Holding | 100% | 54.57% |
| Market Cap | ₹22.01 Cr. |
The Healthy Life Agritec IPO is subscribed 8.21 times on July 18, 2022 6:20:00 PM (Day 4). The public issue subscribed 11.19 times in the retail category, [.] times in the QIB category, and 5.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.22 | 47,50,000 | 2,48,00,000 |
| Retail | 11.19 | 47,50,000 | 5,31,60,000 |
| Total | 8.21 | 95,00,000 | 7,79,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.25 |
| 2 | Regulators Including Stock Exchanges | 0.15 |
| 3 | Advertising and Marketing Expenses | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹8.90 |
| Low | ₹8.50 |
| High | ₹9.34 |
| Last Trade | ₹9.34 |
Lead Manager Reports
Healthy Life Agritec IPO is a SME IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Jul 13, 2022, and closes on Mon, Jul 18, 2022.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Healthy Life Agritec IPO using UPI as a payment gateway. Zerodha customers can apply in Healthy Life Agritec IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Healthy Life Agritec IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Healthy Life Agritec IPO opens on Wed, Jul 13, 2022 and closes on Mon, Jul 18, 2022.
Healthy Life Agritec IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Healthy Life Agritec IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Healthy Life Agritec IPO will be done on Thursday, July 21, 2022, and the allotted shares will be credited to your demat account by Mon, Jul 25, 2022. Check the Healthy Life Agritec IPO allotment status.
The Healthy Life Agritec IPO listing date is on Tue, Jul 26, 2022.
