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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 ₹460.00 per share . The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,400 (32 shares). 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 Date | October 4, 2017 to October 6, 2017 |
| Listing Date | October 16, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹450 to ₹460 per share |
| Issue Price Final | ₹460 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,51,58,964 shares (aggregating up to ₹1,157.31 Cr) |
| Fresh Issue | 63,37,225 shares (aggregating up to ₹291.51 Cr) |
| Offer for Sale | 1,88,21,739 shares of ₹10 (aggregating up to ₹865.80 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 18,53,23,777 shares |
| Share Holding Post Issue | 19,20,28,739 shares |
Godrej Agrovet IPO offers total 2,51,58,964 shares. Out of which 1,23,62,090 (49.14%) allocated to QIB, 49,44,836 (19.65%) allocated to QIB, 37,08,628 (14.74%) allocated to NII, 86,53,464 (34.40%) allocated to RII and 74,17,254 (29.48%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,23,62,090 (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 (14.74%) | NA |
| Retail Shares Offered | 86,53,464 (34.40%) | 2,70,420 |
| Employee Shares Offered | 4,34,782 (1.73%) | NA |
| Total Shares Offered | 2,51,58,964 (100.00%) |
| 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 |
Godrej Agrovet IPO opens on October 4, 2017, and closes on October 6, 2017.
| IPO Open Date | Wed, Oct 4, 2017 |
| IPO Close Date | Fri, Oct 6, 2017 |
| Tentative Allotment | Thu, Oct 12, 2017 |
| Initiation of Refunds | Fri, Oct 13, 2017 |
| Credit of Shares to Demat | Fri, Oct 13, 2017 |
| Tentative Listing Date | Mon, Oct 16, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 6, 2017 |
Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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.
The Company Godrej Agrovet IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
Issue size is between Rs 1145 to 1157 Cr. The public issue of Godrej Agrovet Limited comprises:
| Listing Date | October 16, 2017 |
| BSE Script Code | 540743 |
| NSE Symbol | GODREJAGRO |
| ISIN | INE850D01014 |
| Final Issue Price | ₹460 per share |
| BSE Listing Group | B |
Godrej Agrovet Ltd.
Godrej One, 3rd Floor, Pirojshanagar,
Eastern Express Highway,
Vikhroli (East), Mumbai 400 079
Mumbai, Maharashtra
Phone: (91 22) 2519 4416
Email: gavlinvestors@godrejagrovet.com
Website: http://www.godrejagrovet.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: godrej.agrovet@karvy.com
Website: https://ipostatus.kfintech.com/
Godrej Agrovet IPO is a main-board IPO of 2,51,58,964 equity shares of the face value of ₹10 aggregating up to ₹1,157.31 Crores. The issue is priced at ₹460 per share. The minimum order quantity is 32.
The IPO opens on October 4, 2017, and closes on October 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 October 4, 2017 and closes on October 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 Friday, October 13, 2017. Check the Godrej Agrovet IPO allotment status.
The Godrej Agrovet IPO listing date is on Monday, October 16, 2017.
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