Godrej Agrovet Limited IPO

Introduction: Godrej Agrovet Limited is a agri-based company offering products for animal feed and it’s also the largest crude palm oil producer in India.
Date of Establishment: Company was incorporated in the year 1991.
Product & Service Offering: Godrej Agrovet provides:
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cattle feed, poultry feed (broiler and layer), aqua feed (fish and shrimp) and specialty feed.
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plant growth regulators, organic manures, generic agrochemicals and specialized herbicides
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crude palm oil, crude palm kernel oil and palm kernel cake
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Company sell milk and milk based products under the 'Jersey' in 5 south India states.
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Also produces processed poultry and vegetarian products
Customer Segment: The company mainly focuses on retail segment. The crop protection products are sold in 24 countries. The company sells milk products under the brand name Jersey in 5 south indian states.
Promoters of Godrej Agrovet Limited: Nadir B. Godrej and Adi B. Godrej are the promoters of GAL.
Objects of the Issue: The offer consists of the Fresh Issue and the Offer for Sale. The Net Proceeds would be utilized for :
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repayment or prepayment of working capital facilities availed;
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repayment of commercial papers issued by the Company; and
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general corporate purposes.
Issue Detail
- Issue Open: Oct 04, 2017
- Issue Close: Oct 06, 2017
- Issue Type: Book Built Issue IPO
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 450 - Rs 460 Per Equity Share
- Bid Lot:32 Shares
- Minimum Order Quantity:32 Shares
- Listing At: BSE, NSE
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Issue Size:
Rs 1,157.31 Cr
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