The Godrej Agrovet IPO date has been confirmed to have started on October 4, 2017 and ended on October 6, 2017.
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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Bidding Dates
October 4-6
Price Range
₹450 to ₹460 per share
Face Value
₹10 per share
GMP
₹518.45
Godrej Agrovet IPO GMP
The Godrej Agrovet Limited IPO GMP is ₹518.45.
IPO Overview
The Godrej Agrovet IPO is a book-built offering worth Rs 1,157.31 crore. Bidding for the Godrej Agrovet IPO began on October 4, 2017 and closed on October 6, 2017. On Thursday, October 12, 2017, the allotment for the Godrej Agrovet IPO was completed. On October 16, 2017, the shares were listed on the BSE and NSE. The price band for Godrej Agrovet’s IPO is established at 450 to 460 per share. A lot size of 32 shares is required for an application. Retail investors must make a minimum investment of $14,720.
Product Portfolio
- In the animal feed business, the products comprise 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.
- In the crop protection business, the company produces plant growth regulators, organic manures, generic agrochemicals and specialized herbicides. The products are sold in India and 24 other countries. The company has over 6,000 distributors in this business segment.
- In the oil palm business, the products include crude palm oil, crude palm kernel oil and palm kernel cake. The company owns five palm oil mills.
- The dairy business operates through a subsidiary, Creamline Dairy. The company sells milk and milk-based products under the name ‘Jersey’ in five south Indian states. The company owns nine milk processing units. The company has 2,500 milk product distributors and 50 retail parlors.
- 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
Godrej Agrovet is an India-based agri-business company that offers items such as animal feed, crop protection, oil palm, dairy and poultry, and processed foods. Godrej Agrovet is India’s largest crude palm oil producer and a significant animal feed manufacturer. Company Strengths:
- Pan-India presence with extensive supply and distribution network.
- Diversified businesses with five business verticals.
- Emphasis on R&D
- Part of the Godrej group. Part of strong ‘Godrej’ brand.
- Leading position in the segments it operate.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | godrej.agrovet@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Godrej Agrovet Limited |
| Phone number | (91 22) 2519 4416 |
| Email ID | gavlinvestors@godrejagrovet.com |
| Website | godrejagrovet.com |
IPO Strenghts
- 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.
