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:  

1. cattle feed, poultry feed (broiler and layer), aqua feed (fish and shrimp) and specialty feed.

2. plant growth regulators, organic manures, generic agrochemicals and specialized herbicides

3. crude palm oil, crude palm kernel oil and palm kernel cake

4. Company sell milk and milk based products under the 'Jersey' in 5 south India states.

5. 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 :

1. repayment or prepayment of working capital facilities availed;

2. repayment of commercial papers issued by the Company; and

3. general corporate purposes.