Godrej Agrovet IPO
Godrej Agrovet IPO — date, price band, lot size & details 2017
Godrej Agrovet listed on 16 Oct 2017 at ₹615.6, 33.8% above the ₹460 issue price.
Godrej Agrovet is an agri business company selling animal feed, crop protection, oil palm, dairy, poultry and processed foods, and the largest crude palm oil producer in India. Its total income was Rs 3,669.31 crore in FY2017.
Stock price
Godrej Agrovet is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 04 Oct 2017
- Close 06 Oct 2017
- Allotment 12 Oct 2017
- Refund/credit 13 Oct 2017
- Listing 16 Oct 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 6 Oct, 2017 |
|---|---|
| Price Band | ₹450 – ₹460 |
| Face Value | ₹10 |
| Lot Size | 32 Shares |
| Issue Size | ₹1157.31 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,720 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 32 shares at the ₹460 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 3,321.70 crore in FY2015 to Rs 3,669.31 crore in FY2017.
- 02Profit after tax rose from Rs 160.12 crore in FY2016 to Rs 206.81 crore in FY2017.
- 03It was the largest crude palm oil producer in India and a leading feed maker, with total assets of Rs 2,693.30 crore.
- 04Net worth rose from Rs 591.94 crore in FY2015 to Rs 958.41 crore on 30 June 2017.
Risks · 5
- 01Profit after tax fell from Rs 192.82 crore in FY2015 to Rs 160.12 crore in FY2016.
- 02Farm businesses depend on monsoons and commodity prices; total assets were Rs 2,693.30 crore.
- 03Total borrowing was Rs 684.50 crore in FY2015, and Rs 250.00 crore of the issue was for repaying loans and commercial paper.
- 04Rs 865.80 crore of the Rs 1,157.31 crore issue went to selling shareholders.
- 05The promoters and promoter group held about 68.79% after the issue.
Three years of numbers
All figures in ₹ crore, as reported in the Godrej Agrovet offer document.
| Metric | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 2,693.30 | 2,399.26 | 2,391.88 | 1,704.72 |
| Total Income | 990.40 | 3,669.31 | 3,420.05 | 3,321.70 |
| Profit After Tax | 60.83 | 206.81 | 160.12 | 192.82 |
| NET Worth | 958.41 | 903.01 | 698.11 | 591.94 |
| Reserves and Surplus | 773.28 | 717.88 | 605.54 | 499.38 |
| Total Borrowing | - | - | - | 684.50 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹276.86 Cr of the issue is earmarked to named objects.
Godrej Agrovet IPO Anchor Investors
32 anchor investors across 17 fund houses committed ₹341.20 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its products include animal feed, crop protection, oil palm, dairy, poultry and processed foods.
It is a leading animal feed company and the largest crude palm oil producer in India, with feed for cattle, poultry and fish.
The IPO was Rs 1,157.31 crore, with Rs 291.51 crore of fresh issue and Rs 865.80 crore of offer for sale, at Rs 460, the top of the Rs 450 to Rs 460 band. The fresh money was for repaying working capital loans and commercial paper.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Godrej Agrovet IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Credit Suisse Securities (India) Pvt. Ltd
20 issues handledBest listing: Zomato (+52.6%). Weakest: Sterling & Wilson Solar (-9.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Godrej Agrovet?
The current Grey Market Premium is ₹155, or 34% over the issue price.
What is the Godrej Agrovet IPO price band?
₹450 to ₹460, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 October 2017, with listing on 16 October 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
