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Godrej Agrovet Limited IPO (Godrej Agrovet IPO) Detail

October 4, 2017 - October 6, 2017

Godrej Agrovet IPO is a book built issue of Rs 1,157.31 crores.

Godrej Agrovet IPO bidding started from October 4, 2017 and ended on October 6, 2017. The allotment for Godrej Agrovet IPO was finalized on Thursday, October 12, 2017. The shares got listed on BSE, NSE on October 16, 2017.

Godrej Agrovet IPO price band is set at ₹450 to ₹460 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,720.

Axis Capital Limited, Credit Suisse Securities (India) Private Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Godrej Agrovet IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Godrej Agrovet IPO RHP for detailed information.

Godrej Agrovet IPO Details

IPO Date October 4, 2017 to October 6, 2017
Listing Date October 16, 2017
Face Value ₹10 per share
Price Band ₹450 to ₹460 per share
Lot Size 32 Shares
Total Issue Size
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Godrej Agrovet IPO Reservation

Godrej Agrovet IPO a total of 18,027,464 shares are offered. QIB: 5,082,882 (28.20%), NII: 3,750,042 (20.80%), RII: 8,750,096 (48.54%). Minimum number of shares to be allotted to RIIs : 32 shares. Minimum number of shares to be allotted to NIIs (sNII/bNII) : 448 shares.

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,082,882 (28.20%)NA
NII (HNI) Shares Offered3,750,042 (20.80%)
Retail Shares Offered8,750,096 (48.54%)273,440
Employee Shares Offered444,444 (2.47%)NA
Total Shares Offered18,027,464 (100%)

Godrej Agrovet IPO Timeline (Tentative Schedule)

Godrej Agrovet IPO opens on October 4, 2017, and closes on October 6, 2017.

IPO Open Date Wednesday, October 4, 2017
IPO Close Date Friday, October 6, 2017
Basis of Allotment Thursday, October 12, 2017
Initiation of Refunds Friday, October 13, 2017
Credit of Shares to Demat Friday, October 13, 2017
Listing Date Monday, October 16, 2017
Cut-off time for UPI mandate confirmation 5 PM on October 6, 2017

Godrej Agrovet IPO Lot Size

Investors can bid for a minimum of 32 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 32 ₹14,720
Retail (Max) 13 416 ₹191,360
Lot Size Calculator

About Godrej Agrovet Limited

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.

Objects of the Issue (Godrej Agrovet IPO Objectives)

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 Review (Apply)

[Dilip Davda]  After long, a well diversified company from the house of Godrej is coming with a maiden offer. Company is playing major role in all its verticals and is poised for better prospects. Investment may be considered for short to long term. Read detail review...

Godrej Agrovet IPO Subscription Status (Bidding Detail)

The Godrej Agrovet IPO is subscribed 95.16 times on Oct 6, 2017 5:00:00 PM. The public issue subscribed 7.16 times in the retail category, 150.96 times in the QIB category, and 236.04 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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 Prospectus

Godrej Agrovet IPO Rating

Rating:Rated 4.1 stars
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Godrej Agrovet IPO Listing Details

Listing Date October 16, 2017
BSE Script Code 540743
ISIN INE850D01014
Final Issue Price ₹460 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Godrej Agrovet IPO Contact Details

Godrej Agrovet Limited
Godrej One, 3rd Floor, Pirojshanagar,
Eastern Express Highway,
Vikhroli (East), Mumbai 400 079
Phone: (91 22) 2519 4416

Godrej Agrovet IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

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 share. The minimum order quantity is 32 Shares.

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

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Godrej Agrovet IPO opens on October 4, 2017 and closes on October 6, 2017.

Godrej Agrovet IPO lot size is 32 Shares, and the minimum amount required is ₹14,720.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Godrej Agrovet IPO will be done on Thursday, October 12, 2017, and the allotted shares will be credited to your demat account by Friday, October 13, 2017. Check the Godrej Agrovet IPO allotment status.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



1294. Paras securities and consultant pvt Ltd |   Link |Dec 24, 2017 11:05:01 AM
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 |   Link |Nov 30, 2017 8:57:36 AM
How Much Time to Hold any one can suggest?
1293.1. Arpit |   Link |Nov 30, 2017 2:19:05 PM
I am also looking for the Answer this Q..By d way it rising and I am happy :)
1292. samsbj |   Link |Nov 14, 2017 10:03:01 AM
Is it good to buy Godrej Agro @ 528 level ??
Please advise :)
1292.1. Arpit |   Link |Nov 14, 2017 6:06:48 PM
Bhai Mat Khareedna Koi Scope ni hai Price Rise k
1291. MSeeker |   Link |Nov 13, 2017 3:40:53 PM
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 |   Link |Nov 13, 2017 3:12:57 PM
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 |   Link |Nov 10, 2017 7:22:47 PM
Accumulate at this level.
Good fundamental company.
5in1 business company.
Hold for long term.
1288. P M |   Link |Nov 9, 2017 7:48:22 AM (1100+ Posts, 1100+ Likes)
Hits new low of 538.10 on NSE today
1288.1. P M |   Link |Nov 9, 2017 9:29:41 AM (1100+ Posts, 1100+ Likes)
correction: new low on 08 Nov 2017
1287. jhk |   Link |Nov 3, 2017 6:40:45 PM
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 |   Link |Nov 7, 2017 7:20:31 AM
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 |   Link |Nov 7, 2017 7:33:06 AM
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 |   Link |Nov 5, 2017 3:02:44 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
1285. CA Manoj Kumar |   Link |Nov 3, 2017 1:05:58 PM
Result announced

Good result
Stock ll move up slowly

Keep holding
1285.1. Arpit |   Link |Nov 3, 2017 4:13:00 PM
How Much Time to Hold ??
1284. Paras securities and consultant pvt Ltd |   Link |Nov 3, 2017 8:44:28 AM
Result announce today
1283. CA nkn |   Link |Nov 2, 2017 11:06:28 AM
good company.... rich valuation .....
1282. yazoo |   Link |Oct 27, 2017 3:48:47 PM
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 |   Link |Oct 27, 2017 2:59:56 PM (300+ Posts, 100+ Likes)
Godrej Agrovet results on 03 November 2017
1280. IPO LEADER |   Link |Oct 26, 2017 10:35:09 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
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 |   Link |Oct 26, 2017 6:06:45 PM
Still hold with allotted share now what to do Hold Or sell..??
1278. Network Engineer |   Link |Oct 26, 2017 11:52:05 AM
Added one lot @563 yesterday. I hope it will recover fast in bull market.
1277. Nakul Kaushal |   Link |Oct 24, 2017 7:44:40 PM
I have one lot . For how much time i will hold it ?
1277.1. Huzefa |   Link |Oct 25, 2017 8:50:54 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Only you know how much time you will hold it, right?
1276. LoneRanger |   Link |Oct 25, 2017 3:34:27 PM (200+ Posts, 200+ Likes)
Great Pullback
1276.1. Arpit |   Link |Oct 25, 2017 4:40:45 PM
Should I hold or Sell ?? :(
1275. IPO LEADER |   Link |Oct 23, 2017 11:34:33 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Once stock crosss 700 then it will be Rocket non stop 1000 will b on card
1275.3. Kenny |   Link |Oct 24, 2017 12:13:20 PM
Hope it will shoot sooner than later. :)
1275.4. Arpit |   Link |Oct 24, 2017 4:28:52 PM
Hold Kareing ya Sell krde ???????? Yaar Koi btao Yar