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Godrej Agrovet Limited IPO Message Board (Page 64)

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34. Viraj. |   Link |  Bookmark | September 25, 2017 9:38:46 PM
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Godrej Agrovet Limited IPO:

Opening Date: 04.10.2017
Closing Date: 06.10.2017
Price Band: Rs. 450 to 460
Initiation of Refunds: 12.10.2017
Listing Date: 16.10.2017
33. Karthikg |   Link |  Bookmark | September 25, 2017 8:24:32 PM
Guys,priceband announced 450-460
32. Amit Bhai |   Link |  Bookmark | September 25, 2017 7:27:02 PM
Godrej GMP. 135/- only buyer
31. rvr |   Link |  Bookmark | September 25, 2017 6:37:33 PM
Get out...place your advertisement separate stock forum
30. Bappa |   Link |  Bookmark | September 25, 2017 5:09:26 PM
Why still pratap sanks gnp 225?any body knows?
29. wow |   Link |  Bookmark | September 25, 2017 5:04:06 PM
Expecting issue price 430 @33 shares .but lets see what happens
28. Expert Rai |   Link |  Bookmark | September 25, 2017 5:02:46 PM
GMP
ICICI (-12) (-10)
SBI (-3) (-2)
PRATAAP 210 - 220
GODREJ 95 - 100
27. Bappa |   Link |  Bookmark | September 25, 2017 4:50:14 PM
Upper limit set 440....apply in full forces
26. KING VINOD |   Link |  Bookmark | September 25, 2017 1:14:37 PM
IPO Guru IPO Guru (2400+ Posts, 5100+ Likes)
Godrej Agrovet Limited IPO

04th Oct – Issue Opens
06th Oct – Issue Closes
12th Oct – Allotment and Unblocking of Funds
13th Oct – Credit to Demat Accounts
16th Oct – Listing on NSE & BSE
25. Mann Ki Baat |   Link |  Bookmark | September 24, 2017 5:07:40 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Godrej Agrovet Fair Price as per March 2017 numbers comes to Rs 242.30. Issue price shall also be around 250 only. No doubt the word "GODREJ" is enough to blindly apply in this company
25.5. Mann Ki Baat |   Link |  Bookmark | September 25, 2017 11:07:10 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Yes some calculations
25.6. Huzefa |   Link |  Bookmark | September 25, 2017 12:59:45 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
@Mann Ki Baat, Can you share the calculations you did to arrive at fair price
24. EAGLE TRADE |   Link |  Bookmark | September 25, 2017 10:28:52 AM
Animal Feed Business: Products are produced at 35 facilities with 4000 distributors across india.
Crop Protection Business: They are selling products in 24 countries across 6000 distributors.
Oil Palm Business: They have five palm mills.
Dairy Business: They are selling milk and dairy products under Jersey brand in South Indian states. They have 2500 distributors and 50 retail parlors for the same.
Processed Poultry and Vegetarian Products: They are producing products under brand Real Good Chicken and Yummiez.

very good company ipo. multiple business . must apply.very good growth.
listing gain as well as long term gain .
23. Dinesh Analyst |   Link |  Bookmark | September 25, 2017 8:58:17 AM
Mumbai: About 50 Godrej group employees have bought shares worth around $1.5 million (Rs8.5 crore) in a so-called pre-initial public offering (IPO) round of Godrej Agrovet Ltd, two people aware of the development said. The pre-IPO round saw employees from various group firms including Godrej Consumer Products Ltd, Godrej Properties Ltd, Nature’s Basket, Godrej Tyson Foods and Godrej and Boyce Manufacturing Co. Ltd, the people cited above said.

“Ahead of filing its red herring prospectus (RHP) with the registrar of companies, Godrej Agrovet Ltd closed a pre-IPO round wherein several of the group’s senior employees have bought shares worth close to $1.5 million,” said one of the two people cited above, requesting anonymity. The company filed its RHP on Friday, the person added.

“Senior group employees who invested in the pre-IPO round include Godrej Consumer Products managing director Vivek Gambhir, Nature’s Basket managing director Avani Davda and Godrej and Boyce president Anil Verma,” the person said.

According to the second person cited above, the company sold shares to group employees at a price of Rs440 per share.

“The company has fixed the upper end at Rs440 per share for the IPO, which is expected to launch in the first week of October,” he said. At Rs440 a share, the company is seeking a valuation of Rs8,145 crore (approximately $1.27 billion), he added.

The Godrej Agrovet IPO will be worth Rs832 crore at this price. The IPO comprises fresh issue of shares and secondary offering of shares worth Rs541 crore by Temasek.

In an earlier draft prospectus, Temasek had disclosed that it would be selling 12.3 million shares as part of the IPO. Temasek currently owns 20% stake in the company.

“As disclosed in the Red Herring Prospectus dated 22 September, 2017 filed with the Registrar of Companies, Mumbai, our company has, in consultation with the BRLMs, issued and allotted 192,901 equity shares for cash consideration aggregating to Rs8.5 crore through a private placement to the identified employees of certain of our Group Companies and Joint Ventures,” said a spokesperson for Godrej Agrovet in an email response.

The company did not respond to queries on IPO pricing and valuation, citing silent period ahead of its IPO.

Mint reported on 15 September that several firms such as Godrej Agrovet, IEX and Mahindra Logistics were planning to launch their initial share sales in October.

Godrej Agrovet plans to raise Rs300 crore in primary capital through the IPO, which it plans to use for repayment of working capital facilities it availed, and for repayment of commercial papers issued by it, according to its draft prospectus.

The firm operates across five business verticals—animal feed, crop protection, oil palm, dairy, and poultry and processed foods. In fiscal 2017, animal feed contributed the largest share to revenue at Rs2,620 crore, followed by dairy, which contributed Rs1,009 crore.

Godrej Agrovet reported a revenue of Rs4,983.2 crore in 2016-17, up from Rs3,817.6 crore reported in the previous financial year. It reported a profit of Rs273.9 crore in 2016-17, compared to a profit of Rs260.9 crore in the previous year.

Godrej Agrovet is not the only company to raise a pre-IPO round this year.

On 7 September, Mint reported that Sequoia Capital-backed Prataap Snacks Pvt. Ltd, which sells potato chips and a variety of spicy savouries under the brand name Yellow Diamond, raised Rs50 crore in a pre-IPO round from public markets investor Malabar Investments.

Earlier in August, Dixon Technologies (India) Ltd saw a pre-IPO round wherein several investors, including Steadview Capital and GMO Emerging Domestic Opportunities Fund, bought shares worth Rs123.6 crore from existing investors. Dixon went public earlier this month.
22. Solution of Queries |   Link |  Bookmark | September 25, 2017 8:40:03 AM (1100+ Posts, 1400+ Likes)
@coolworld , only one way in reality to increase chances of allotment that is increase no. of demat a/cs
22.1. CoolWorld |   Link |  Bookmark | September 25, 2017 8:52:04 AM
Thanks @Solution of Queries.
21. CoolWorld |   Link |  Bookmark | September 25, 2017 8:00:39 AM
If i apply for in HNI category(2.5 lakhs), whats are the chances of allotment.
From past 5 IPO''s i am applying in Retailer for single lot and there is no allotment.
21.2. CoolWorld |   Link |  Bookmark | September 25, 2017 8:37:40 AM
Thanks Mann Ki Baat!
How to get better allotment from Retailer segment? Any tips.
I know it completely depends on Luck, but still want to know any chances of getting allotment.
21.3. Mann Ki Baat |   Link |  Bookmark | September 25, 2017 8:47:51 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
you can open DEMAT A/c in name of your parents, relatives or friends/colleagues

Do note that if total size of issue is less than 1000 Crores then chances of getting allotment with multiple applications is also dim. Then too try your luck
20. Eagleye |   Link |  Bookmark | September 24, 2017 6:38:16 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Pursuant to the resolutions passed by the Board and the Shareholders on July 18, 2017, our Company may, in consultation with the BRLMs, may issue and allot up to 560,000 Equity Shares for an amount not exceeding Rs. 252 million through a private placement to the identified employees of certain of our Group Companies, prior to filing of the Red Herring Prospectus with the RoC, at a price as the Board may determine in accordance with the Companies Act, and other applicable laws.

Rs. 252 million divided by 560,000 Equity Shares = Rs.450/- per share
20.1. Rkg |   Link |  Bookmark | September 25, 2017 8:23:46 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Reportedly, about 50 Goderej group employees have bought shares worth 8.5 crores in pre IPO round of Agrovet @ 440/- per share. so offer shall be not below this rate.
19. KING VINOD |   Link |  Bookmark | September 25, 2017 8:20:32 AM
IPO Guru IPO Guru (2400+ Posts, 5100+ Likes)
Godrej Agrovet Limuted IPO
Upper band rate mostly will be 440 per share as per sources
18. KING VINOD |   Link |  Bookmark | September 24, 2017 2:55:44 PM
IPO Guru IPO Guru (2400+ Posts, 5100+ Likes)
Apply with full force. one should hold in Portfolio
18.1. IPO Jackpot |   Link |  Bookmark | September 24, 2017 10:35:26 PM
It should not be very good otherwise allottment may noy happen.
17. STOCKT |   Link |  Bookmark | September 24, 2017 10:28:42 PM
this who are thinking with such record subscription speradin such news will allow you to buy at less than 400 rs are mistaken.

this company has huge order book, trump towers,good business and growth. best of luck people who are alloted for great listing and superb returns in long run. many investors and hni ,qib are looking to increase stake in this company tomoorow
16. Aniketiaf |   Link |  Bookmark | September 24, 2017 7:52:47 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Tomorrow Capacite listing should be 375 + - 20.
I mean listing should be between 350 to 400.
Disclaimer - I have applied but not allotted.
Will purchase tomorrow if list below 340.
16.5. Make Money |   Link |  Bookmark | September 24, 2017 10:12:23 PM
Manjitsingh is Right....
Ye 350 price bolne vale sachme to 350 par buying karna chahte hai. Lekin.......... 400 ke niche nahi milega Bhai......
16.6. Aniketiaf |   Link |  Bookmark | September 24, 2017 10:17:54 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
I wish manjitsingh sahab ki baat such sabit ho.
Mujhe nahi mila to kya, bahuto ka kalyan to hoga.
Best of luck to all capacite allotte.
15. Solution of Queries |   Link |  Bookmark | September 24, 2017 10:15:00 PM (1100+ Posts, 1400+ Likes)
High subscription expected !!