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. 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 and Adi B. Godrej
| Godrej Agrovet IPO details | |
| Subscription Dates | 4 – 6 October 2017 |
| Price Band | INR450 – 460 per share |
| Fresh issue | INR291.5 crore |
| Offer For Sale | INR300 crore + 12,300,000 shares (INR565.8 crore) |
| Total IPO size | INR1,157.3 crore |
| Minimum bid (lot size) | 32 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Godrej Agrovet’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 2,771.6 | 3,117.4 | 3,325.5 | 3,817.7 | 4,983.3 | |
| Total expenses | 2,634.1 | 2,928.9 | 3,108.3 | 3,608.5 | 4,649.4 | |
| Profit after tax | 96.6 | 156.5 | 210.0 | 261.0 | 273.5 | |
Godrej Agrovet LimitedÂ
Godrej One, 3rd Floor
Pirojshanagar, Eastern Express Highway
Vikhroli (East), Mumbai 400 079
Phone:Â +91 22 2519 4416
Fax:Â +91 22 2519 5124
Email: [email protected]
Website:Â www.godrejagrovet.com
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â 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
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 5,082,882 | 0.27 | 1.94 | 150.95 |
| NII | 3,750,042 | 0.09 | 2.06 | 236.04 |
| Retail | 8,750,096 | 0.86 | 2.77 | 7.02 |
| Employees | 444,444 | 0.07 | 0.25 | 0.80 |
| Total | 18,027,464 | 0.52 | 2.32 | 95.09 |
Godrej Agrovet IPO allotment status is now available on Karvy Computershare’s website. Click on this link to 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:Â 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)
Very good company
Very good company. Year on year good growth of profit & marzin. I think apply this company.
Must buy
There is nothing like must buy nowadays. Everything is costly so we should be very careful. Fundamentals are good but wait for the pricing.
BUT THE ALLOTMENT IS ?
i want to sell 10 application of godrej @1000 each
contact me asap
raju 8863805714
I dont understand these guys at all.. What is sale of X amount of applications @ Y rate.. And these users specifically from Bihar !!!
I agree
Selling application means he will sell his shares if allotted, to you at just ₹1000 gain. If not allotted, you still pay him ₹1000. It is off market trade and works on mutual trust.
25 rs maine dega toh I am ready
Godrej Agrovet Limited IPO
Issue Open Date : 04 Oct
Issue Close Date : 06 Oct
Issue Price : 450 to 460 Per Share
Allotments / Refunds Date : 12 Oct
Shares Demat Credit Date : 13 Oct
Listing Date : 16 Oct
Basic EPS & RoNW on consolidated basis
2015 – Rs.8.98 27.12%
2016 – Rs.9.78 23.94%
2017 – Rs.11.42 22.68%
NAV 54.49
2017: 30% YoY increase in Net Revenue and fall in percentage expenses, still lower profit % than previous year. Scaling effect might not adequately justify this fall. But at 46x offer price, seeing the potential and researching their website and news websites, it’s still a must buy I think.
buy 2 lots or more sell half of total lots at listing gain and remain for long term ….. after all its a good ipo.
Here is the list of anchor investors. All very good names
http://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20171003-40&attachedId=66f1e7d1-cf5a-4f28-99c0-9b8d313b173b
Government of Singapore
First State Indian Subcontinent Fund
JP Morgan
Russell Investment Company
The India Fund Inc – Aberdeen
Goldman Sachs India
SBI MF
Reliance AMC
ICICI Prudential AMC
SBI Life Insurance
HSBC MF
Motilal Oswal AMC
Kotak Mutual Fund
Axis Mutual Funs
Asburton Investments
Sundaram MF
Amundi Funds
DB International (Asia)
Good information. Agrovet is a no brainer, just apply.
What is the ideal quantity to be applied for getting confirmed allotment?
Nothing confirmed dear. It is already oversubscribed.
Is there any use applying for more than 1 lot in this situation of over-subscription? Advice please.
Thanks.
Nopes, no benefit at all if the issue is oversubscribed.
Have worked there. Really good management, strong product pipeline and sales outreach. Literally functions like an FMCG as far as distribution is concerned. It has lot of subsidiary companies which can be spun off and they have also concentrated on inorganic growth through acquisitions of Creamline Dairy and Astec Lifesciences.
As far as IPO is concerned, it is well priced, suggest not to look at ratios alone. The premium on book value is less than what I expected personally
Thanks for the firsthand information. I usually track grey market and premiums have gone up after subscription. Applied in three accounts!
Kabhi aao have ki pe…
When will be allotment out?? I’m anxious to know.
Its today
Amount is debited in the bank account
Do we get to know whether the stocks r alloted to us by eod?
i agree
VERY GOOD COMPANY
i got one lot…
Congratulations dear. I got nothing once again!!!
thanks.. i got an allotment in IPO after a long long time..hope it has a decent listing gain
can someone share the link to check the allotment ?
It is there in the write up above
I am apply 1 aplication & got 1 lot.
I applied for 11 lots but have not been allotted any shares in Godrej Agrovet. Can any one please explain. It was oversubscribed in RII category 7.67 times.
1 lot or 11 lot , it takes a one.
To get more, try to apply from different demats.
Idk why the hell I don’t get any ipo… This was my 4th ipo application n I never get any allotment…
I have one lot
if want please contact below number
7330910530
Price???
I have applied for two, got one lot. What could be listing price??? Subscribe data se lagta h ke around 700 Rs
applied for 13 lots but have not been allotted any shares in Godrej Agrovet. Can any one please explain. It was oversubscribed in RII category 7.67 times
I Applied for 2 lots on the second day… nothing allotted. what is the criteria applied for allotment of shares. My bid was for Rs 460 per share…. if it is first come basis.. when i applied the retail subscription was less than 1.4 times. I Should be getting atleast on a proportion basis….
Very good company
Good Company to invest
I got 1 lot but i am hold longterm perspective. I love this company & also company’s strong balansheet. So 1 to 2 year i am hold it.