Godrej Agrovet Ltd IPO

Closed

IPO Synopsis

Public offer of 25,158,964 equity shares* of face value of Rs. 10 each (equity shares) of Godrej Agrovet Limited (the company) for cash At a price of Rs. 460 per equity share (including a share premium of Rs. 450 per equity share) aggregating to Rs. 1157.31 Crores* (the issue) Comprising a fresh issue of 6,337,225 equity shares* aggregating to Rs. 291.51 Crores by the company (fresh issue) and an offer for sale of 6,521,739 equity shares* by godrej industries limited (promoter selling shareholder) aggregating to Rs. 300 Crores and 12,300,000 equity Shares* by V-Sciences Investments Pte Ltd (V-Sciences or Investor selling shareholder) (V-sciences offered shares) aggregating to Rs. 565.80 Crores (the promoter selling shareholder and the investor selling shareholder are colectively refered to as, the selling shareholders and such equity shares offered by the promoter selling shareholder and the V-Sciences offered shares, Collectively the offered shares) (offer for sale). The issue included a reservation of 434,782 equity shares agregating to Rs. 20 Crores for susbcription by eligible employes (as defined in definitions and abreviations ). Further, the company has isued 367,737 Equity shares aggregating to Rs. 16.92 Crores to identified employes of the company under the esps (as defined in definitions and Rs. abreviations ) as part of the isue and at issue price. The net issue constitutes 12.88% of the post-issue paid-up equity share capital (after considering allotment to the identified employees of the company under the esps). *subject to finalisation of the basis of allotment # subject to allotment simultaneous with the allotment in the issue ^the company has, in consultation with the book running lead managers (brlms), undertaken a private placement of 192,901 equity shares For cash consideration aggregating to Rs. 8.49 Crores (Pre-Ipo placement). The size of the fresh issue as disclosed in the draft redherring Prospectus dated july 18, 2017, being Rs. 300 Crores, has been reduced to Rs. 291.51 Crores accordingly. The face value of equity shares is Rs. 10 each. The issue price is Rs. 460 per equity share and is 46 times the face value of the equity shares.

How to Apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

    Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

    Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

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Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

Contact Details of Godrej Agrovet Ltd IPO

Contact Information

Address

3rd Flr Pirojshanagar,
Eastern Exp Highway Vikhroli(E,
Mumbai, Maharashtra 400079

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