Healthy Life Agritec IPO Dates, Subscription and Market lot details

A SME IPO, Healthy Life Agritec’s 10,000,000 equity shares with a face value of 10 each may raise up to 10.00 crores. The price of the offering is 10 per share. A minimum order of 10,000 shares is required. 

The Healthy Life Agritec initial public offering (IPO) subscription period will begin on July 13, 2022, and end on July 18, 2022. The Healthy Life Agritec IPO’s price range is set at 10 per share. In the state of Maharashtra, as well as in the states of Maharashtra and Karnataka, Healthy Life Agritec trades raw milk, live chicken, and agricultural products.

On July 13, 2022, the IPO will begin, and it will end on July 18, 2022. The IPO’s registry is managed by Cameo Corporate Services Limited. It is suggested that the shares list on the BSE SME.

About Healthy Life Agritec

In the state of Maharashtra, as well as in the states of Maharashtra and Karnataka, Healthy Life Agritec trades raw milk, live chicken, and agricultural products. In the State of Maharashtra, a large cow milk producing area in India, Healthy Life Agritec buys raw cow milk from milk producers. The direct procurement technique allows the organisation to manage prices and guarantee the quality of the raw milk it purchases.

In order to coordinate the milk procurement process with milk producers and deliver raw milk to milk wholesalers in the state of Maharashtra, Healthy Life Agritec has hired procurement partners. In addition to buying raw milk, Healthy Life Agritec also buys poultry from farmers in the states of Maharashtra and Karnataka and distributes it to chicken wholesalers there.

Healthy Life IPO – Details

  • Incorporated in November 2019, Healthy Life Agritech Limited trades raw milk in the state of Maharashtra, live chicken and agricultural products in the states of Maharashtra and Karnataka. A prominent cow milk producing area in India, the State of Maharashtra, is where the firm buys raw cow milk from milk producers.
  • They are able to manage expenses and guarantee the quality of the raw milk they buy thanks to their direct procurement methodology. To coordinate the milk procurement process with milk producers and deliver raw milk to milk wholesalers in the state of Maharashtra, they have enlisted procurement partners.
  • They also purchase poultry from farmers in the states of Maharashtra and Karnataka, as well as distribute poultry to chicken wholesalers in these states, in addition to raw milk.
  • The Company sold 7.69 lakh kilograms of live chicken and 39.20 lakh liters of raw cow milk in 2021–2022, respectively, contributing roughly 60.05 percent and 39.95 percent of the Company’s overall income. The Company sold 6.50 lakh liters of raw cow milk and 1.21 lakh kg of live chicken during 2020–21, contributing roughly 59.95 percent and 40.05 percent of the Company’s total income, respectively.
DescriptionHEALTHLIFE IPO Details
Public IssueInitial Public Issue of upto 1,00,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1,000 lakhs)
Issue Open Date13-Jul-22
Issue Close Date18-Jul-22
Issue TypeFixed Price
IPO Price Band₹ 10
Face Value ₹ 10
Market Lot10000 Equity Shares and in multiples thereof
Minimum Order Quantity10000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
ListingBSE SME
NSE SymbolHEALTHLIFE
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Healthy Life IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum110000₹ 1,00,000
Maximum220000₹ 2,00,000

Objectives of the IPO

  • To satisfy the need for working capital
  • To cover the issue’s costs
  • General Business Objectives

 Key Strengths

  • Organisational sturdiness, expertise in management and a talented group.
  • Smooth operating flow.
  • Organisation with a well defined structure.
  • Relationship with an existing supplier.
  • Quality Control.
  • Customer-focused business strategy.
  • ISO accreditation.
  • Comprehensive answer to the logistical issue.

Key Risks

  • Even though the firm generated 33 Crores in revenue and 81 Lacs in profit after taxes, it was unable to provide cash flow from operations. 2.75 billion stalled in trade receivables and 8.71 billion in vendor loans and advances.
  • Since the firm is just a year old and operates in a fiercely competitive industry without a protective moat, neither milk nor chicken quality inspection nor price controls exist.

Healthy Life Agritech Limited Financials

Summary of financial Information (Restated Consolidated Statement)

ParticularsFor the year ended (₹ in lakh)
31-Mar-22
Total Assets1,482.54
Total income3,396.05
Total Expenses3,278.12
Profit After Tax81.45

Conclusion

The Thane-based Healthy Life Agritech Limited was formed in 2019. The business trades raw milk, chicken, and agricultural products. They do business in Maharashtra and Karnataka with their goods. 

According to its business plan, the firm buys its goods from farmers and partners, and then distributes raw milk to wholesalers. In 2022, the firm recorded 33.96 in sales. Although the company’s financial report seems strong, the profit is quite modest.

We may infer that neither milk nor chicken quality inspection nor pricing restrictions exist since the company is just a year old and competes in a highly competitive market without a protective moat.

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Dharam

Dharam Nath Jha is a financial content writer, blogger and SEO specialist. He has a keen interest in researching about financial topics like the stock market, mutual funds etc and developing quality content. He is developing content for the past 3 years and during this period he has worked for 8 firms.

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