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.
Mr Nadir B. Godrej and Mr Adi B. Godrej are the promoters of GIL.
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 Open | Oct 4, 2017 - Oct 6, 2017 |
| Issue Type | Book Built Issue IPO |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹1,157.31 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹450 - ₹460 Per Equity Share |
| Market Lot | 32 Shares |
| Min Order Quantity | 32 Shares |
| Listing At | BSE, NSE |
| Bid/Offer Opens On | Oct 4, 2017 |
| Bid/Offer Closes On | Oct 6, 2017 |
| Finalisation of Basis of Allotment | Oct 12, 2017 |
| Initiation of Refunds | Oct 13, 2017 |
| Credit of Shares to Demat Acct | Oct 13, 2017 |
| IPO Shares Listing Date | Oct 16, 2017 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 32 | ₹14,720 |
| Maximum | 13 | 416 | ₹191,360 |
Issue size is between Rs 1145 to 1157 Cr. The public issue of Godrej Agrovet Limited comprises:
No. of Times Issue Subscribed (BSE + NSE) | |||||
|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Total |
Shares Offered | 5,082,882 | 3,750,042 | 8,750,096 | 444,444 | 18,027,464 |
Oct 6, 2017 17:00 | 150.96x | 236.04x | 7.16x | 0.81x | 95.16x |
| Listing Date | Monday, October 16, 2017 |
| BSE Script Code | 540743 |
| NSE Symbol | GODREJAGRO |
| Listing In | B |
| ISIN | INE850D01014 |
| Issue Price | ₹460 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
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Godrej Agrovet Limited
Godrej One, 3rd Floor, Pirojshanagar,
Eastern Express Highway,
Vikhroli (East), Mumbai 400 079
Phone: (91 22) 2519 4416
Email: gavlinvestors@godrejagrovet.com
Website: http://www.godrejagrovet.com/
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: godrej.agrovet@karvy.com
Website: https://karisma.karvy.com/
Godrej Agrovet IPO is an main-board initial public offering of [.] equity shares of the face value of ₹10 aggregating up to ₹1,157.31 Crores.
The issue price of the IPO is ₹450 - ₹460 Per Equity Share. The minimum order quantity is 32 Shares per application and the offer type is Book Built Issue.
The IPO opens on Oct 4, 2017 and closes on Oct 6, 2017.
Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Godrej Agrovet IPO opens on Oct 4, 2017 and closes on Oct 6, 2017.
Godrej Agrovet IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Godrej Agrovet IPO will be done on Oct 12, 2017, and the allotted shares will be credited to your demat account by Oct 13, 2017. Check the Godrej Agrovet IPO allotment status.
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