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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.

Godrej Agrovet IPO Details

IPO Opening Date Oct 4, 2017
IPO Closing Date Oct 6, 2017
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹450 to ₹460 per equity share
Market Lot 32 Shares
Min Order Quantity 32 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹1,157.31 Cr)

Godrej Agrovet IPO Tentative Timetable

The Godrej Agrovet IPO open date is Oct 4, 2017, and the close date is Oct 6, 2017. The issue may list on Oct 16, 2017.

IPO Open Date Oct 4, 2017
IPO Close Date Oct 6, 2017
Basis of Allotment Date Oct 12, 2017
Initiation of Refunds Oct 13, 2017
Credit of Shares to Demat Account Oct 13, 2017
IPO Listing Date Oct 16, 2017

Godrej Agrovet IPO Lot Size

The Godrej Agrovet IPO market lot size is 32 shares. A retail-individual investor can apply for up to 13 lots (416 shares or ₹191,360).

Application Lots Shares Amount (Cut-off)
Minimum 1 32 ₹14,720
Maximum 13 416 ₹191,360

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 Subscription Status (Bidding Detail)

The Godrej Agrovet IPO is subscribed 95.16 times on Oct 6, 2017 17:00. The public issue subscribed 7.16 in the retail category, 150.96 in the QIB category, and 236.04 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

150.96

NII

236.04

RII

7.16

Employee

0.81

Total

95.16

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
IPO Price ₹460 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹460.00
₹621.00
₹563.80
₹629.85
₹595.55
NSE
₹460.00
₹615.60
₹563.40
₹630.00
₹595.65

Company Contact Information

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/

Godrej Agrovet IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: godrej.agrovet@karvy.com
Website: https://karisma.kfintech.com/

Godrej Agrovet IPO Reviews / Ratings

  • Amit Nalin Securities Ltd - Apply
  • Dilip Davda - Apply
  • Sanju Verma - May apply
  • SPA Financial Advisor Ltd - Apply
  • Swastika Investmart Ltd - Avoid
  • Way2Wealth Securities - Apply

Godrej Agrovet IPO FAQs

Godrej Agrovet IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,157.31 Crores. The issue is priced at ₹450 to ₹460 per equity share. The minimum order quantity is 32 Shares.

The IPO opens on Oct 4, 2017, and closes on Oct 6, 2017.

KFintech 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 lot size is 32 Shares and the minimum order quantity is 32 Shares.

You can apply in Godrej Agrovet IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Godrej Agrovet IPO listing date is on Monday, October 16, 2017.

Godrej Agrovet IPO Message Board

Ranked Members  Ranked Members

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1294. Paras securities and consultant pvt Ltd |Dec 24, 2017 11:05
Hold for long period because Godrej brand company is leading animal feed company and the largest crude palm oil producer in India.
1293. PRIYANKA BANSAL |Nov 30, 2017 08:57
How Much Time to Hold any one can suggest?
1293.1. Arpit |Nov 30, 2017 14:19
I am also looking for the Answer this Q..By d way it rising and I am happy :)
1292. samsbj |Nov 14, 2017 10:03
Is it good to buy Godrej Agro @ 528 level ??
Please advise :)
1292.1. Arpit |Nov 14, 2017 18:06
Bhai Mat Khareedna Koi Scope ni hai Price Rise k
1291. MSeeker |Nov 13, 2017 15:40
What is happening in this counter? Why this is going down everyday.. I am in loss of 50K already.. Almost Rs 100 down from my buying price.. I have 500 shares which I bought on listing day.
1290. mmkktata |Nov 13, 2017 15:12
Septa sir I m holding godrej at 572 what is your advice in this. Please suggest. I m eagerly waiting for your answer
1289. Paras securities and consultant pvt Ltd |Nov 10, 2017 19:22
Accumulate at this level.
Good fundamental company.
5in1 business company.
Hold for long term.
1288. P M |Nov 9, 2017 07:48
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Hits new low of 538.10 on NSE today
1288.1. P M |Nov 9, 2017 09:29
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
correction: new low on 08 Nov 2017
1287. jhk |Nov 3, 2017 18:40
IPO Guru IPO Guru (1000+ Posts, 2500+ Likes)
QoQ pr0fit rise from 82 cr. to 85 cr.

Hope to see some rally on monday.

May cross 600 easily

Buy in the pre-open sesson before 9.05
1287.1. Huzefa |Nov 7, 2017 07:20
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
What I have seen is that stocks usually stocks go down after the results, even if the results are good. And after 3-4 days the price starts rising again.
1287.2. beejedee |Nov 7, 2017 07:33
Good Result was not what Market expected and was already discounted.. may go down below 540 but this is a portfolio share...Will buy below 540 ...
1286. JAI MATA DI |Nov 5, 2017 15:02
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
CASH EPS NEARLY 4.8 IF ANNUALIZED IT''S NEARBY 19.2. IF COUNT SOME DOWN THEN NEARBY 17. IF TAKE PE 40 THEN PRICE LIKELY REACHED AT 680 IN NEAR TERM
1285. CA Manoj Kumar |Nov 3, 2017 13:05
Result announced

Good result
Stock ll move up slowly

Keep holding
1285.1. Arpit |Nov 3, 2017 16:13
How Much Time to Hold ??
1284. Paras securities and consultant pvt Ltd |Nov 3, 2017 08:44
Result announce today
1283. CA nkn |Nov 2, 2017 11:06
good company.... rich valuation .....
1282. yazoo |Oct 27, 2017 15:48
Gic making lower tops and bottoms ... govt did not defend 845 850 and next point is 815 and 801 then 780... last 10 minutes was cat and mouse and looks like some was trading both sides of the curve
1281. BullOverBear |Oct 27, 2017 14:59
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Godrej Agrovet results on 03 November 2017
1280. IPO LEADER |Oct 26, 2017 22:35
New low.. keep adding... Best stock i have ever seen... 1000 jaega ek baar 700 cross krne do... Public plus hai let them get out...
1279. sachu |Oct 26, 2017 18:06
Still hold with allotted share now what to do Hold Or sell..??
1278. Network Engineer |Oct 26, 2017 11:52
Added one lot @563 yesterday. I hope it will recover fast in bull market.
1277. Nakul Kaushal |Oct 24, 2017 19:44
I have one lot . For how much time i will hold it ?
1277.1. Huzefa |Oct 25, 2017 20:50
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Only you know how much time you will hold it, right?
1276. LoneRanger |Oct 25, 2017 15:34
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Great Pullback
1276.1. Arpit |Oct 25, 2017 16:40
Should I hold or Sell ?? :(
1275. IPO LEADER |Oct 23, 2017 23:34
Once stock crosss 700 then it will be Rocket non stop 1000 will b on card
1275.3. Kenny |Oct 24, 2017 12:13
Hope it will shoot sooner than later. :)
1275.4. Arpit |Oct 24, 2017 16:28
Hold Kareing ya Sell krde ???????? Yaar Koi btao Yar