Godrej Agrovet IPO GMP, Review, Price, Allotment

The Godrej Agrovet IPO date has been confirmed as October 4, 2017, ending on October 6, 2017. Read the post to learn about Godrej Agrovet IPO GMP.

Using an IPO, Godrej Agrovet is seeking to raise Rs 1,157.31 crore. Its 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.

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Key Details Of Godrej Agrovet IPO

Godrej Agrovet IPO GMP

The Godrej Agrovet Limited IPO GMP is ₹518.45.

Godrej Agrovet IPO Overview​

An offering centered around a book, the Godrej Agrovet IPO is valued at Rs 1,157.31 crore. The Godrej Agrovet Initial Public Offering (IPO) bidding period was completed on October 6, 2017. The Godrej Agrovet IPO allocation was finished on Thursday, October 12, 2017. The shares were floated on the BSE and NSE on October 16, 2017. The initial public offering (IPO) pricing range for Godrej Agrovet is 450 to 460 per share. Applications must have a lot size of 32 shares. The minimum investment required of retail investors is $14,720.

Product Portfolio

• The goods in the animal feed industry include speciality feed, aqua feed (fish and shrimp), cow feed, and poultry feed (broiler and layer). The goods are made at 35 locations and distributed throughout India by 4000 wholesalers.

• The company manufactures specialist herbicides, organic manures, generic agrochemicals, and plant growth regulators in the crop protection industry. In addition to 24 other nations, India sells the items. This business area comprises more than 6,000 distributors for the organization.

• In the oil palm industry, the company sells palm kernel cake, crude palm oil, and crude palm kernel oil. It owns five palm oil mills.

• A company called Creamline Dairy runs the dairy industry. The firm sells Jersey milk products in five states of South India. 50 retail parlors, 2,500 distributors of milk products, and nine milk processing facilities are all owned by it.

• The company also produces processed poultry and vegetarian products under the brands ‘Real Good Chicken’ and ‘Yummiez’.

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	[.] shares (aggregating up to ₹1,157.31 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Godrej Agrovet IPO Lot Size

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

Godrej Agrovet IPO Timeline

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

Company Profile​

• Part of the Godrej group. Part of a strong ‘Godrej’ brand.
• Leading position in the segments it operates.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Godrej Agrovet IPO FAQs