Godrej Agrovet Ipo Allotment

Godrej agrovet ipo allotment

Godrej agrovet ipo allotment

Business description from prospectus – Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals: animal feed (cattle feed, poultry feed, aqua feed and specialty feed), crop protection (plant growth regulators, organic manures, generic agrochemicals and specialized herbicides), oil palm (crude palm oil, crude palm kernel oil and palm kernel cake), dairy (milk and milk based products), and poultry and processed foods.

It claims to be the leading compound animal feed company in India, on the basis of installed capacity for the financial year 2016. In Bangladesh, its joint venture, ACI Godrej was the fourth largest feed producer, in terms of sales volume, during the financial year 2016.

Godrej agrovet ipo allotment

The company is also the largest crude palm oil producer in India, in terms of market share, as of March 31, 2017.

It has two dedicated R&D centres for crop protection business at Mumbai and Thane, which has enabled the company to launch new products. The oil palm business has a dedicated R&D center at Andhra Pradesh, which is focused on improving the yield performance of oil palm crop and exploring new avenues of value creation from oil palm biomass.

Promoters of Godrej Agrovet – Godrej Industries Limited, Nadir B.

Godrej agrovet ipo allotment

Godrej and Adi B. Godrej

Godrej Agrovet IPO details
Subscription Dates4 – 6 October 2017
Price BandINR450 – 460 per share
Fresh issueINR291.5 crore
Offer For SaleINR300 crore + 12,300,000 shares (INR565.8 crore)
Total IPO sizeINR1,157.3 crore
Minimum bid (lot size)32 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Godrej Agrovet’s financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017
Total revenue2,771.63,117.43,325.53,817.74,983.3
Total expenses2,634.12,928.93,108.33,608.54,649.4
Profit after tax96.6156.5210.0261.0273.5

Godrej Agrovet Limited 
Godrej One, 3rd Floor
Pirojshanagar, Eastern Express Highway
Vikhroli (East), Mumbai 400 079

Phone: +91 22 2519 4416
Fax: 
+91 22 2519 5124
Email:
[email protected]
Website: www.godrejagrovet.com

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

Earnings Per Share (EPS): INR10.92

Price/Earnings (P/E) ratio: 41.2 – 42.12

Return on Net Worth (RONW): 22.68%

Net Asset Value (NAV): INR54.49 per share

Godrej Agrovet IPO Subscription Details

CategoryShares offeredSubscription (no.

Godrej agrovet ipo allotment

of times, at 5 PM)

Day 1Day 2Day 3
QIB5,082,8820.271.94150.95
NII3,750,0420.092.06236.04
Retail8,750,0960.862.777.02
Employees444,4440.070.250.80
Total18,027,4640.522.3295.09

Godrej Agrovet IPO allotment status is now available on Karvy Computershare’s website.

Click on this linkto get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 4 October 2017

IPO Closing Date: 6 October 2017

Finalisation of Basis of Allotment: 12 October 2017

Initiation of refunds: 13 October 2017

Transfer of shares to demat accounts: 13 October 2017

Listing Date: 16 October 2017

Listing Price on NSE: INR615.6 per share (up 33.82% from IPO price)

Closing Price on NSE: INR595.65 per share (up 29.48% from IPO price)

Godrej Agrovet IPO Listing Gain - Godrej Agrovet Limited IPO Listing - Godrej Agrovet Allotment