IPO Issue Details
Issue Price / Price Band₹460 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size32 Shares per Lot
Total Issue Size2,51,58,964 shares (aggregating up to ₹1,157.31 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 04 Oct 2017
Subscription CloseFri, 06 Oct 2017
Anchor AllotmentTue, 03 Oct 2017
Basis of AllotmentThu, 12 Oct 2017
Initiation of RefundsFri, 13 Oct 2017
Credit of Shares to DematFri, 13 Oct 2017
Listing DateMon, 16 Oct 2017
UPI Mandate Deadline2017-10-06
Application & Investment Details
Retail — Min (1 Lots)₹14,720 — 32 shares
Retail — Max (13 Lots)₹191,360 (13 Lots)
HNI — Min (14 Lots)₹2,06,080 — 448 shares
Pre-IPO Promoter Holding18,53,23,777 shares
Post-IPO Promoter Holding19,20,28,739 shares
Fresh Issue Shares63,37,225 shares (aggregating up to ₹291.51 Cr)
Offer for Sale Shares1,88,21,739 shares of ₹10 (aggregating up to ₹865.80 Cr)
About Godrej Agrovet Ltd.
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 Portfolio1. 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&D4. Part of the Godrej group. Part of strong 'Godrej' brand.5. Leading position in the segments it operate.
Objects of the Issue
Godrej Agrovet Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment or prepayment of working capital facilities availed by the Company
100.00
2
2 Repayment of commercial papers issued by the Company
150.00
3
3 General corporate purposes
26.86
Shareholding & Lock-in
Pre-IPO Promoter Holding
18,53,23,777 shares
Post-IPO Promoter Holding
19,20,28,739 shares
Lock-in Period (30%)November 11, 2017
Lock-in Period (50%)January 10, 2018