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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 ₹10.00 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). The minimum lot size investment for 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 Date | July 13, 2022 to July 18, 2022 |
| Listing Date | July 26, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,00,00,000 shares (aggregating up to ₹10.00 Cr) |
| Reserved for Market Maker | 5,00,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.5000 Cr) |
| Net Offered to Public | 95,00,000 shares (aggregating up to ₹9.50 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,20,12,000 shares |
| Share Holding Post Issue | 2,20,12,000 shares |
Healthy Life Agritec IPO offers total 1,00,00,000 shares. Out of which 47,50,000 (47.50%) allocated to NII, 47,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,00,000 (5.00%) |
| NII (HNI) Shares Offered | 47,50,000 (47.50%) |
| Retail Shares Offered | 47,50,000 (47.50%) |
| Total Shares Offered | 1,00,00,000 (100.00%) |
Healthy Life Agritec IPO opens on July 13, 2022, and closes on July 18, 2022.
| IPO Open Date | Wed, Jul 13, 2022 |
| IPO Close Date | Mon, Jul 18, 2022 |
| Tentative Allotment | Thu, Jul 21, 2022 |
| Initiation of Refunds | Fri, Jul 22, 2022 |
| Credit of Shares to Demat | Mon, Jul 25, 2022 |
| Tentative Listing Date | Tue, Jul 26, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 18, 2022 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-21 | 571.79 | 411.55 | 6.5 | 7.4 | 6.4 |
| 31-Mar-22 | 1464.35 | 2615.71 | 76.14 | 1083.54 | 82.54 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Healthy Life Agritec IPO is ₹22.01 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 26.31 |
The Objects of the Issue are:
[Dilip Davda] This company is in trading activities for raw milk, live chicken and agro products. It is marketing products in two states i.e. Maharashtra and Karnataka. Based on its FY22 consolidated earnings, the issue is aggressively priced even at par value. The segment is highly competitive and fragmented. Maintaining good margins going forward appears a remote possibility. Higher equity dilution also raises concerns. Considering all these, risk seeker/cash surplus investors may consider investing in this IPO with a medium to long-term perspective. Read detail review...
| Listing Date | July 26, 2022 |
| BSE Script Code | 543546 |
| NSE Symbol | |
| ISIN | INE0L3501015 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹8.90 |
| Low | ₹8.50 |
| High | ₹9.34 |
| Last Trade | ₹9.34 |
Healthy Life Agritec Ltd.
Survey No 97/3, 4,8, 96/1,
Cronos Holding, Western Express,
Highway, Kashimira,
Thane, Maharashtra, 401107
Phone: +91 98188 73657
Email: cs@healthylifeagritec.com
Website: http://www.healthylifeagritec.com/index.html
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Healthy Life Agritec IPO is a SME IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹10.00 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on July 13, 2022, and closes on July 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 July 13, 2022 and closes on July 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 Monday, July 25, 2022. Check the Healthy Life Agritec IPO allotment status.
The Healthy Life Agritec IPO listing date is on Tuesday, July 26, 2022.
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