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Godrej Agrovet Limited IPO (Godrej Agrovet IPO) Detail

Oct 4, 2017 - Oct 6, 2017

Incorporated in 1991, Godrej Agrovet is India based agri-business Company offering products including Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. Godrej Agrovet is leading animal feed company and the largest crude palm oil producer in India.

Product Portfolio

1. In animal feed business, the products comprises cattle feed, poultry feed (broiler and layer), aqua feed (fish and shrimp) and specialty feed. The products are produced at 35 facilities and sold through 4000 distributors across India.

2. In crop protection business, company produces plant growth regulators, organic manures, generic agrochemicals and specialized herbicides. The products are sold in India and 24 countries. Company has over 6000 distributors in this business segment.

3. In oil palm business, the products include crude palm oil, crude palm kernel oil and palm kernel cake. Company owns five palm oil mills.

4. The dairy business is operate through a subsidiary Creamline Dairy. Company sell milk and milk based products under the 'Jersey' in 5 south India states. Company own nine milk processing units. Company has 2,500 milk product distributors and 50 retail parlors.

5. Company also produce processed poultry and vegetarian products under the brands 'Real Good Chicken' and 'Yummiez'.

Company Strengths:
1. Pan-India presence with extensive supply and distribution network.
2. Diversified businesses with five business verticals.
3. Emphasis on R&D
4. Part of the Godrej group. Part of strong 'Godrej' brand.
5. Leading position in the segments it operate.

Company Promoters:

Mr Nadir B. Godrej and Mr Adi B. Godrej are the promoters of GIL.

Objects of the Issue:

The Issue comprises a Fresh Issue and an Offer for Sale.

1. Offer for Sale: Each of the Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale.

2. Fresh Issue: Company proposes to utilise the proceeds from the Fresh Issue towards:

a. repayment or prepayment of working capital facilities availed;
b. repayment of commercial papers issued by the Company; and
c. general corporate purposes.

Issue Detail:

  »»  Issue Open: Oct 4, 2017 - Oct 6, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 1,157.31 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 450 - Rs 460 Per Equity Share
  »»  Market Lot: 32 Shares
  »»  Minimum Order Quantity: 32 Shares
  »»  Listing At: BSE, NSE

Issue Size

Issue size is between Rs 1145 to 1157 Cr. The public issue of Godrej Agrovet Limited comprises:

  1. Fresh Issue: Rs 291.51 Cr
  2. Offer for Sell: Rs 300 Cr by Godrej Industries + 12,300,000 Shares by V-Sciences Investments Pte Ltd.

Godrej Agrovet IPO Reviews:

  1. Godrej Agrovet Limited IPO review by Dilip Davda

Godrej Agrovet IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved5,082,8823,750,0428,750,096444,44418,027,464
Day 1 - Oct 4, 2017 17:00 IST0.27000.10000.87000.07000.5200
Day 2 - Oct 5, 2017 17:00 IST1.95002.06002.77000.25002.3300
Day 3 - Oct 6, 2017 17:00 IST150.9587236.03977.15760.805895.1603

Godrej Agrovet IPO Prospectus

Godrej Agrovet IPO Rating

1669
4.1
Rating:Rated 4.1 stars

Vote Here ...

Godrej Agrovet IPO Listing Date

  •   ›  Listing Date: Monday, October 16, 2017
  •   ›  BSE Script Code: 540743
  •   ›  NSE Symbol: GODREJAGRO
  •   ›  Listing In: B Group of Securities
  •   ›  ISIN: INE850D01014
  •   ›  Issue Price: Rs 460 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 460.00
Rs 621.00
Rs 563.80
Rs 629.85
Rs 595.55
3,677,215
NSE
Rs 460.00
Rs 615.60
Rs 563.40
Rs 630.00
Rs 595.65
24,000,049

Godrej Agrovet IPO News Alerts

  1. Monday, October 16, 2017 12:00:00 AM
    Godrej Agrovet Limited IPO - Listing
  2. Friday, October 6, 2017 12:00:00 AM
    Godrej Agrovet Limited IPO - Close
  3. Wednesday, October 4, 2017 12:00:00 AM
    Godrej Agrovet Limited IPO - Open

Company Contact Information

Godrej Agrovet Limited
Godrej One, 3rd Floor, Pirojshanagar,
Eastern Express Highway,
Vikhroli (East), Mumbai 400 079
Phone: (91 22) 2519 4416
Fax: (91 22) 2519 5124
Email: gavlinvestors@godrejagrovet.com
Website: http://www.godrejagrovet.com/

Godrej Agrovet IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: godrej.agrovet@karvy.com
Website: http://karisma.karvy.com

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Godrej Agrovet IPO Review / Comments

avatar
1271. R R Patel  Oct 19, 2017 2:07:58 PM IST I Like It. 6 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1700+ Likes)
Still not sold a single share and holding the 2 lots as alloted. It will be another star of my portfolio like D-Mart, Venky, Welspun Enterprises, PNB Housing, Mahanagar Gas, L&T, Coromandel International, Gabriel India, Apar Industries, Hitachi home, Infy, Enduranc Technology, Indigo, Laurus, Teamlease etc.....
Happy Diwali and Samvat 2074. Have a great time ahead 👍👍
avatar
1271.2. SAKET GOUR  Oct 21, 2017 9:54:45 AM IST I Like It. | Report Abuse
Lauras is not a star dear
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1271.3. Kenny  Oct 22, 2017 5:45:10 PM IST I Like It. | Report Abuse
Laurus is a sleeping giant.. slow and steady it is gonna win the race. imo 😉
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1270. Dev Chaudhary  Oct 19, 2017 10:00:01 AM IST I Like It. 2 | Report Abuse Reply
Today it can be trade up to 620-630 range!!
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1269. dsforipo  Oct 5, 2017 10:51:10 PM IST I Like It. 16 | Report Abuse Reply
Application timelimit for last day

SBI - 2 PM
Central - 4 PM
Bob - 3 PM
Corporation - 5 PM
Andhra - 3 PM
ICICI - 3 PM
Axis - 3 PM
Canara - 4 PM
HDFC - 3/4 PM (pl.confirm)
Yes - 3 PM
Dena - 3 PM
IDBI - 3 PM
BOI - 3 PM
Don''t miss it.
avatar
1269.19. PP PAT  Oct 18, 2017 9:26:33 AM IST I Like It. | Report Abuse
What is Application timelimit for last day? Can any 1 explain in short.
I know its a stupid question but I am new 2 here so.
Thank you.
avatar
1269.20. vijay goel  Oct 18, 2017 5:31:14 PM IST I Like It. | Report Abuse
Hdfc bank 2 pm for online application
avatar
1268. Solution of Queries  Oct 17, 2017 9:46:20 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Godrej Agrovet is a portfolio stock....Must buy at every down level if u get

# must # be in your portfolio @

if u r thinking to create your portfolio for 2-3 year prospectus....!!
avatar
1268.1. IPOANALYSIS  Oct 18, 2017 2:58:52 PM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
CHANGE OF TREND IN 1 DAY FROM SHORT TO LONG TERM
avatar
1268.2. Solution of Queries  Oct 18, 2017 4:10:32 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Clarification sir for you :-

Intraday ( soo short term like 4-5 hours ) view just for trade....however i always in favour for long term. for this stock !!

avatar
1267. Carn Mohan  Oct 18, 2017 8:40:11 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts)
Axis bank 2 pm only
avatar
1266. Lalith Kumar  Oct 17, 2017 1:39:28 PM IST I Like It. | Report Abuse Reply
How long can I hold the Godrej agrovet stock?
When should I sell it
avatar
1266.3. gamble  Oct 17, 2017 4:37:00 PM IST I Like It. 5 | Report Abuse
IPO Guru IPO Guru (1400+ Posts, 2200+ Likes)
@Lalitkumarji
You should sell it @1k if can''t hold for 2K imo.
avatar
1266.4. Cool Sunshine  Oct 17, 2017 10:23:51 PM IST I Like It. | Report Abuse
It is a niche segment stock and is also sugar coated with Godrej brand name,

When profit should be booked depends on your investment horizon and liquidity needs. If your investment objective is to earn quick profits then you should book profit as soon as your return objective is fulfilled.

Barring major natural calamity, this stock should give decent return annual return on a continuous basis. It has a potential to create reasonable wealth in long term.
avatar
1265. govindm  Oct 17, 2017 8:26:25 PM IST I Like It. | Report Abuse Reply
Bought 200shares @592
avatar
1264. Chem cho  Oct 17, 2017 5:49:39 PM IST I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)
A PARSI BAVAJI STOCK HOLD ON SLOWLY IT WILL MOVE
avatar
1263. Solution of Queries  Oct 16, 2017 2:06:45 PM IST I Like It. 6 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
## Just Attention ##

If someone wanna to spoil my image , without having any facts i don''t care !!

They look my previous posts but they can look at your self first. In SME segment where more speculation transaction do in ipo''s easily ,,,,,,who are trolling me they posted most of comments at SME segments ipo''s sooo they are more speculative ??????? but this is not my work to look it....
I will post my views regularly without watching ........ of some persons. Serious members know everything they need not any beware type of advice from trollers i think ha ha...!!
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1263.17. NiftyWave  Oct 17, 2017 3:38:11 PM IST I Like It. | Report Abuse
Keep up the good work buddy ..
avatar
1263.18. Dev Chaudhary  Oct 17, 2017 4:48:54 PM IST I Like It. | Report Abuse
i am following this forum since june and so many times i have seen StockT always favours the forum memberms in the terms of profit and always warn timely for bad stock!!
Keep it up StockT bro....
avatar
1262. PP PAT  Oct 16, 2017 11:13:44 AM IST I Like It. 1 | Report Abuse Reply
SOLD 32 @611. Happy with It.
avatar
1262.4. Brijesh Singhal  Oct 16, 2017 12:50:31 PM IST I Like It. 1 | Report Abuse
I sold at the highest rate. 32 shares sold @ 629.35 and another application at 626.
avatar
1262.5. PP PAT  Oct 17, 2017 11:35:38 AM IST I Like It. 1 | Report Abuse
@devuda.
Good luck buddy.
avatar
1261. KG aka DEXTER  Oct 12, 2017 6:57:45 PM IST I Like It. | Report Abuse Reply
Boarders, please suggest whether we should purchase it or not when it gets listed?
and at what price?
avatar
1261.1. Shivajee  Oct 17, 2017 10:28:06 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts)
i purchased 2 shares at listing.

i will buy 50 more shares if it comes down to 5%-10% in parts. I will buy 50 more if it goes up 2% more

avatar
1260. Chem cho  Oct 16, 2017 10:12:44 AM IST I Like It. 9 | Report Abuse Reply
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)
GOOD BUY AT RS 575 -RS 580

avatar
1260.11. Chem cho  Oct 16, 2017 5:34:46 PM IST I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)
stock will have less movementum from now not above rs 620 in diwali 17 ie till thursday session
avatar
1260.12. Chem cho  Oct 17, 2017 9:36:13 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1400+ Posts, 600+ Likes)
STOCK has lost the momentum today at rs 594 down rs 1.65 at 9.35 am

parsi bavaji stock will take time to go to rs 621
avatar
1259. Carn Mohan  Oct 17, 2017 8:34:39 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts)
I understand your problem either your history is very poor or you new in stock market.
1. Coffee day ipo ₹ 328 in 2015 now ₹ 220/
2.sadbhav infra ipo ₹ 103 ,2015 now 98
3.pennar engineering ipo 178 now 99
4.power mech ipo 640 ,2015 now 565
5. PNC infra ipo 378 ,2015 now 151
6.UFO movie ipo 625 ,2015 now 373
7.Inox wind ipo 325, 2015 now 114
8.Adlabs ipo 180 ,2015 now 69
9.Monte carlo ipo 645 now 486
10.Ortel communication ipo 181 ,2015 now 33 only.
Agar 2014,13,12,11 kay gina diya tho tumlogo kay dreams break ho jaigay, so always look dreams and be happy.
avatar
1258. STOCKT  Oct 17, 2017 8:26:31 AM IST I Like It. 2 | Report Abuse Reply
akh can do bhow bhow

4. AKH Oct 1, 2017 7:37:19 PM IST Reply
SBI Life Insurance Company Ltd IPO

Expected listing above 750
avatar
1257. STOCKT  Oct 17, 2017 8:25:47 AM IST I Like It. 2 | Report Abuse Reply

Akh now do bhow bhow

4. AKH Oct 1, 2017 7:37:19 PM IST Reply
SBI Life Insurance Company Ltd IPO

Expected listing above 750
avatar
1256. abhinavgupta  Oct 17, 2017 12:07:30 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Sold 22 at 628 holding profit of 10 shares
avatar
1255. Cool Sunshine  Oct 16, 2017 11:05:18 PM IST I Like It. | Report Abuse Reply
Fundamentally this stock has very good potential.

On first day of listing market gave possible accumulating point at or below 575 which some of us may have utilized. Not sure if we will get more chances in near future to accumulate this stock below 575.

Let us keep our fingers crossed. Based on next few days performance of this stock and once own risk profile,accumulating point may require tweaking.

Will explore more opportunities to accumulate.
avatar
1254. Carn Mohan  Oct 16, 2017 8:20:43 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts)
If any body analised past 3 years all good ipos about 70% ipo/fpos are trading upto 80% discount , it is stock market where 2,3 gives you positive return and 7,8 gives you negative return than at the end of you are losers, all data''s are available on NSE site .
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1254.1. Prana Trivedi  Oct 16, 2017 10:39:54 PM IST I Like It. | Report Abuse
Share detail data pls
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1254.2. Prana Trivedi  Oct 16, 2017 10:39:56 PM IST I Like It. | Report Abuse
Share detail data pls
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1253. Carn Mohan  Oct 16, 2017 4:27:50 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts)
Sell on listing day is a best policy eighter loss or profit.
If you hold all allotted shares all good ipos for 1,2 or 5 years you can''t earn any profit.
avatar
1253.4. Cool Sunshine  Oct 16, 2017 9:28:41 PM IST I Like It. 1 | Report Abuse
Retail investors should not get caught in the initial volatility due to price discovery. Price movement can be in any direction post listing.

Price discovery happens gradually and opportunity loss (for good company) caused by selling on listing day can be very significant.

Holding for short term or long term depends on the investment objectives of specific investor but I believe one should at least wait for the price discovery and then take a call on the stock,
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1253.5. Prana Trivedi  Oct 16, 2017 10:37:57 PM IST I Like It. 1 | Report Abuse
Are Mohan ye kya baat kar rahe ho History to dekh lo mere Bhai...D-mart, Apex Frozen, Endurance, Gna excels, Ujjivan and many more..kya yar kuchh bhi.. Likhte ho
avatar
1252. Arjun Patel  Oct 16, 2017 9:16:24 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Godreg is a long term Hence Keep it in Portfolio.
Those booked profit today. Can add once stock is corrected. You have to hold for atleast 18 Months. But Definitely a multibeggar
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