Godrej Agrovet Limited IPO, Godrej Agrovet IPO Details

By | October 9, 2017
Godrej Agrovet Limited IPO, Godrej Agrovet IPO Details, Godrej Agrovet IPO, Godrej Agrovet IPO Allotment Date, Godrej Agrovet IPO Price, Godrej Agrovet IPO Grey Market Price, GMP Rates and Premium, Daily Subscription, Review, Financials and listing date information.

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Godrej Agrovet Limited IPO is coming in October 2017. The company has notified that it is coming with an IPO in October 2017. As per the official notification, the company will open its IPO on 04 October 2017 and the last date to apply for the IPO will be 06 October 2017. The company is going to raise Rs. 1,160 crore ($177.6 million) through its initial public offering.

The company has set a price range of Rs. 450- Rs. 460 a share. Godrej Agrovet Limited will sell new shares worth up to Rs. 292 crore. The main shareholder of the company, which is Godrej Industries, will sell Rs. 300 crore worth of shares. A unit of Singapore’s Temasek Holdings will also sell up to 12.3 million shares, which would be worth Rs. 566 crore at the upper band of the price range.

Investors who want to apply for the IPO of Godrej Agrovet Limited should read the below-given part of this website to get more information about the Price, Date, Financials, Review, Godrej Agrovet Limited IPO Allotment, Godrej Agrovet Limited IPO Subscription, Listing Date info etc. We will try to provide all relevant information about the Godrej Agrovet IPO. Investors need to read all information carefully to make their decision.

Godrej Agrovet IPO

About the company: Godrej Agrovet Limited is an agri-business company. The company has largest research and development facility.  It was established in 1991. In the financial year 2016, it was the leading compound animal feed company in India.

Godrej Agrovet sells the various product under these categories:

  1. Animal feed.
  2. Crop protection.
  3. Oil palm.
  4. Dairy.
  5. Poultry and processed foods.

It has a joint venture in Bangladesh named ACI Godrej, which was the fourth largest feed producer. The company is the largest crude palm oil producer in India. It sells its dairy products under the brand name of ‘Jersey’ in Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, and Maharashtra.

Company Promotors: GODREJ INDUSTRIES LIMITED, NADIR B. GODREJ AND ADI B. GODREJ

Objects of the Issue

The Godrej Agrovet IPO comprises a Fresh Issue and an Offer for Sale.

Offer for Sale

  1. Each of the Selling Shareholders will get the respective portion of the proceeds of the Offer for Sale.
  2. Godrej Agrovet will not receive any proceeds from the Offer for Sale.
  3. Listing fees will be solely borne by Godrej Agrovet.
  4. Issue expenses will be shared between Godrej Agrovet and  Selling Shareholders on a pro-rata basis.

Fresh Issue

  1. Repayment or prepayment of working capital facilities availed by the Godrej Agrovet.
  2. Repayment of commercial papers issued by the Godrej Agrovet.
  3. General corporate purposes

Grey Market Price, Rates, GMP Premium

DatePremiumKostak RateSauda
26 September 2017Rs. 115 to 120Rs. 425—-
05 October 2017Rs. 115Rs. 500Rs. 2500
09 October 2017Rs. 135Rs. 650Rs. 3200
10 October 2017Rs. 155Rs. 770Rs. 3200

Godrej Agrovet IPO Date, Price, Subscription, Allotment, Grey Market, GMP, Listing

NameGodrej Agrovet Limited
Open Date04 October 2017
Close Date06 October 2017
Allotment Date11 October 2017
Refund Date11 October 2017
Listing Date
Issue PriceRs. 450 – Rs. 460 Per Equity Share
Lot Size32 Shares
Minimum Order Quantity32 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of Rs. 10 for Fresh Issue of Rs 2915.12 million and an Offer for Sale of upto 12,300,000 Equity Shares and upto Rs. 3000 million
Lead ManagerAxis Capital Limited, Credit Suisse Securities (India) Private Limited, Kotak Mahindra Capital Company Limited
RegistrarKarvy Computer Share Private Limited
Registrar Email[email protected]
Investor Grievance[email protected]
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE

IPO Poll

Would you apply to Godrej Agrovet IPO?

  • Yes (92%, 258 Votes)
  • No (8%, 21 Votes)

Total Voters: 279

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What would be the listing price of Godrej Agrovet?

  • Rs. 600 or above (55%, 288 Votes)
  • Rs. 550 to 570 (22%, 115 Votes)
  • Rs. 580 to 590 (20%, 103 Votes)
  • Rs. 460 or below (3%, 15 Votes)

Total Voters: 521

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Daily Subscription Figures

DATESHARES OFFERED04 October 201705 October 201706 October 2017
RII87500960.872.777.67
NII37500420.102.06236.04
QIB50828820.271.95150.96
Eligible Employees4444440.070.250.84
Total180274640.522.3395.41

Godrej Agrovet IPO Price Band

The face value of each equity share of Godrej Agrovet will be Rs. 10 with issue price ranging between Rs. 450 to Rs. 460. The minimum lot size for subscription is 32 shares.  The company is eyeing to raise ₹1160 cr via this IPO.

Godrej Agrovet IPO Date

Godrej Agrovet has notified the exchanges that the IPO of the company opens on 4 October and closes on 6 October 2017. Godrej Agrovet which received its “observations” from SEBI on 08 September 2017 has filed the draft red herring prospectus (DRHP) in July 2017.

Financials

Lead Managers

The company has appointed Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Kotak Mahindra Capital Company Limited as a lead manager to the issue.

Registrar

The registrar to the Godrej Agrovet Limited is Karvy Computershare Private Limited. The allotment and other issue related things will be handled by the Karvy.

Godrej Agrovet Limited IPO Allotment Status

As per the expectation, the allotment of Godrej Agrovet IPO will be done on 11 October 2017. Karvy is the registrar of the company and it is going to issue the allotment of the IPO on its website, those who have applied for the IPO and looking for the allotment link should check our website. The link will be open on 11 October 2017.

Godrej Agrovet Listing Date

Listing Date Update: The listing will be done on 16 October 2017. The allotment will be done on or around 11 October 2017 and the expected listing date of Godrej Agrovet IPO will be 16 October 2017. We will be updating this page with the listing date in future, keep watching this page.

Listing Day Figures (16th October 2017)

 NSE (GODREJAGRO)BSE (540743)
IPO PriceRs. 460Rs. 460
OpenRs. 615.60Rs. 621
HighRs. 630Rs. 629.85
LowRs. 563.40Rs. 563.80
CloseRs. 595.65Rs. 595.55
DifferenceUP Rs. 135.65 (+29.49%)UP Rs. 135.55 (+29.47%)

Godrej Agrovet Limited Address

Adress
Registered Office and Corporate Office: Godrej One, 3rd Floor, Pirojshanagar,
Eastern Express Highway, Vikhroli (East),
Mumbai 400 079

Telephone: (91 22) 2519 4416
Fax: (91 22) 2519 5124
E-mail: [email protected]
Website: www.godrejagrovet.com

IPO Prospectus

Download DRHP with SEBI.

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One thought on “Godrej Agrovet Limited IPO, Godrej Agrovet IPO Details

  1. shripad govind bhat

    i got 32 shares of Godrej Agrovet in IPO, shall i hold or sell at current price?

    Reply

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