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:
- Organisation stability, Rich management experience and skilled team.
- Smooth flow of operations.
- Well-defined organizational structure.
- Existing Supplier Relationship.
- Quality Policy.
- Customer Centric Business Model.
- ISO Certifications.
- Comprehensive solution for logistics requirement.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 571.79 | 411.55 | 6.5 |
| 31-Mar-22 | 1464.35 | 2615.71 | 76.14 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Objects of the Issue are:
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
Healthy Life Agritec IPO Details
| Healthy Life Agritec IPO Date | Jul 13, 2022 to Jul 18, 2022 |
| Healthy Life Agritec IPO Face Value | ₹10 per share |
| Healthy Life Agritec IPO Price | ₹10 per share |
| Healthy Life Agritec IPO Lot Size | 10000 Shares |
| Issue Size | 10,000,000 shares of ₹10 (aggregating up to ₹10.00 Cr) |
| Fresh Issue | 10,000,000 shares of ₹10 (aggregating up to ₹10.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Ms. Divya Mojjada and M/s. Cronosglobal Investments & Holdings Private Limited are the company promoters. |
Healthy Life Agritec IPO Timeline
Healthy Life Agritec IPO opens on Jul 13, 2022, and closes on Jul 18, 2022. The Healthy Life Agritec IPO bid date is from Jul 13, 2022 10.00 A.M. to Jul 18, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Healthy Life Agritec IPO Opening Date | Jul 13, 2022 |
| Healthy Life Agritec IPO Closing Date | Jul 18, 2022 |
| Basis of Allotment | Jul 21, 2022 |
| Initiation of Refunds | Jul 22, 2022 |
| Credit of Shares to Demat | Jul 25, 2022 |
| Healthy Life Agritec IPO Listing Date | Jul 26, 2022 |
Healthy Life Agritec IPO Lot Size
The Healthy Life Agritec IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
Healthy Life Agritec IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 54.57% |
Healthy Life Agritec IPO Review
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…
Healthy Life Agritec IPO Prospectus
Company Contact Information
Healthy Life Agritec Limited
Survey No 97/3, 4,8, 96/1,
Cronos Holding, Western Express
Highway, Kashimira, Thane – 401107
Phone: +91 98188 73657
Email: cs@healthylifeagritec.com
Website: http://www.healthylifeagritec.com/index.html
Healthy Life Agritec IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/