Bookbuilding IPO | ₹1,157 Cr | Listed at BSE, NSE | Wed, Oct 4, 2017 - Fri, Oct 6, 2017
Godrej Agrovet IPO is a book build issue of ₹1,157.31 crores. The issue is a combination of fresh issue of 0.63 crore shares aggregating to ₹291.51 crores and offer for sale of 1.88 crore shares aggregating to ₹865.80 crores.
Godrej Agrovet IPO bidding started from Oct 4, 2017 and ended on Oct 6, 2017. The allotment for Godrej Agrovet IPO was finalized on Oct 12, 2017. The shares got listed on BSE, NSE on Oct 16, 2017.
Godrej Agrovet IPO price band is set at ₹460 per share. The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,720 (32 shares) (based on upper price). The lot size investment for sNII is 14 lots (448 shares), amounting to ₹2,06,080, and for bNII, it is 68 lots (2,176 shares), amounting to ₹10,00,960.
The issue includes a reservation of up to 4,34,782 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Godrej Agrovet IPO RHP for detailed Information.
IPO Open
Wed, Oct 4, 2017
IPO Close
Fri, Oct 6, 2017
Issue Price
₹460 per share
Market Cap (Pre-IPO)
₹8,833.32 Cr
| IPO Date | 4 to 6 Oct, 2017 |
| Listed on | Mon, Oct 16, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹450 to ₹460 |
| Issue Price | ₹460 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,51,58,964 shares (agg. up to ₹1,157 Cr) |
| Fresh Issue | 63,37,225 shares (agg. up to ₹292 Cr) |
| Offer for Sale | 1,88,21,739 shares of ₹10 (agg. up to ₹866 Cr) |
| Share Holding Pre Issue | 18,53,23,777 shares |
| Share Holding Post Issue | 19,20,28,739 shares |
| BSE Script Code / NSE Symbol | 540743 / GODREJAGRO |
| ISIN | INE850D01014 |
Godrej Agrovet IPO comprises a total issue size of 2,51,58,964 shares. The net offer to the public is 2,47,24,182 shares, after excluding 4,34,782 shares under a preferential allotment. Of the Net offer 1,23,62,090 (50.00%) are allocated to QIB, 37,08,628 (15.00%) allocated to NII 86,53,464 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,23,62,090 | 50.00% | 49.14% | NA |
| − Anchor Investor Shares Offered | 74,17,254 | 29.48% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 49,44,836 | 19.65% | NA | |
| NII (HNI) Shares Offered | 37,08,628 | 15.00% | 14.74% | NA |
| Retail Shares Offered | 86,53,464 | 35.00% | 34.40% | 2,70,420 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,34,782 | 1.73% | NA | |
| Total Shares Offered | 2,51,58,964 | 100.00% | 100.00% | |
Investors can bid for a minimum of 32 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,720 |
| Retail (Max) | 13 | 416 | ₹1,91,360 |
| S-HNI (Min) | 14 | 448 | ₹2,06,080 |
| S-HNI (Max) | 67 | 2,144 | ₹9,86,240 |
| B-HNI (Min) | 68 | 2,176 | ₹10,00,960 |
Godrej Agrovet IPO raises ₹341.19 crore from anchor investors. Godrej Agrovet IPO Anchor bid date is October 3, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Oct 3, 2017 |
| Shares Offered | 74,17,254 |
| Anchor Portion (₹ Cr.) | 341.19 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Nov 11, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jan 10, 2018 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment of working capital facilities availed by the Company | 100.00 |
| 2 | Repayment of commercial papers issued by the Company | 150.00 |
| 3 | General corporate purposes | 26.86 |
The Godrej Agrovet IPO is subscribed 95.16 times on October 6, 2017 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 150.96 | 50,82,882 | |
| NII | 236.04 | 37,50,042 | |
| Retail | 7.16 | 87,50,096 | |
| Employee | 0.81 | 4,44,444 | |
| Total | 95.16 | 1,80,27,464 |
Issue size is between Rs 1145 to 1157 Cr. The public issue of Godrej Agrovet Limited comprises:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLMs (including underwriting fees, brokerage and selling commission) | 34.14 |
| 2 | Commission and processing fees for SCSBs and brokerage and selling commission for members of the Syndicate, Registered Brokers RTAs and CDPs | 4.23 |
| 3 | Fees payable to Registrar to the Issue | 0.68 |
| 4 | Printing and stationery expenses | 2.44 |
| 5 | Advertising and marketing expenses | 4.55 |
| 6 | Others (Listing fees; SEBI, BSE and NSE processing fees; Fees payable to Legal Counsels; and Miscellaneous) | 12.15 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹460.00 | ₹460.00 |
| Open | ₹621.00 | ₹615.60 |
| Low | ₹563.80 | ₹563.40 |
| High | ₹629.85 | ₹630.00 |
| Last Trade | ₹595.55 | ₹595.65 |
Godrej Agrovet IPO is a main-board IPO of 2,51,58,964 equity shares of the face value of ₹10 aggregating up to ₹1,157 Crores. The issue is priced at ₹460 per share. The minimum order quantity is 32.
The IPO opens on Wed, Oct 4, 2017, and closes on Fri, Oct 6, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Godrej Agrovet IPO using UPI as a payment gateway. Zerodha customers can apply in Godrej Agrovet IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Godrej Agrovet IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Godrej Agrovet IPO opens on Wed, Oct 4, 2017 and closes on Fri, Oct 6, 2017.
Godrej Agrovet IPO lot size is 32, and the minimum amount required for application is ₹14,720.
You can apply in Godrej Agrovet IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Oct 13, 2017. Check the Godrej Agrovet IPO allotment status.
The Godrej Agrovet IPO listing date is on Mon, Oct 16, 2017.
