Godrej Agrovet IPO in numbers

#1

Since the Godrej Agrovet IPO opens tomorrow I thought I’d share some numbers about the IPO for people who wish to apply.

About the company
Godrej Agrovet is a diversified agri-business company. It has five different business verticals i.e. Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry & Processed Foods. GAVL is the largest Crude Palm Oil producer in India, in terms of market share.

The company has wide presence across India with a strong distributor network. The distribution network of the animal feed business comprises approximately 4,000 distributors and approximately 6,000 for crop protection products. The company procures milk from 6 states for it’s dairy business. It has about 4,000 milk distributors, approximately 3,000 milk product distributors and 50 retail outlets.

Godrej Agrovet also own a stake of about 56% stake in Astec Lifescience Ltd.

Business Mix
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Margins
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ROE and ROCE
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Shareholding
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Issue details
IPO size: Rs 1157 crores at the upper price band
Face value: Rs 10
Retail portion: 35%
Lot size: 32 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE

IPO schedule
Basis of Allotment: October 11
Refund of application amount: October 12
Credit of shares to demat accounts: October 13
Listing: October 16
Zerodha Bulletin

Links from the “How to apply for an IPO through Zerodha post”
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Allotment details can be checked here.

1 Like
#2

Is it good for:

  1. Listing gains? What is the expected price premium?
  2. For long term?