Godrej Agrovet IPO Allotment
Godrej Agrovet IPO Issue open on 04, October, 2017 and price band 450-460 Rs per equity share. Check all the information regarding Godrej agrovet IPO allotment status like starting date, ending date, face value, etc.
Godrej Agrovet IPO Issue Details:
Date : October 4,2017 to October 6, 2017
Issue Size: 1157 Crs
Price Band: 450 Rs to 460 Rs Per Share
Face Value: 10 Rs Per Share
Share Lot: 32 Share
Godrej Agrovet IPO Tentative Schedule:
Issue Open: October 4,2017
Issue Close: October 6, 2017
Godrej Agrovet IPO Allotment: on or about October 12, 2017
Credit of share: on or about October 13, 2017
Trading Starts: on or about October 16, 2017
Objects Of Godrej Agrovet IPO
The Godrej agrovet IPO Issue comprises a Fresh Issue and an Offer for Sale.
Company proposes to utilize the Net Proceeds from the Fresh Issue towards:
- repayment or prepayment of working capital facilities availed by Company;
- repayment of commercial papers issued by Company; and
- General corporate purposes, subject to the applicable laws.
Promoters of Godrej Agrovet IPO
GODREJ INDUSTRIES LIMITED
NADIR B. GODREJ
ADI B. GODREJ
About Godrej Agrovet Company
Godrej Agrovet limited is diversified, Research & Development focused agri-business company, dedicated to improving the productivity of farmers by innovating products and services that sustainably increase crop and livestock yields. Godrej Agrovet operated in business – Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. Company is leader with good market share in all business segments. Godrej Agrovet constantly involve in research to improve farm productivity and probability of farmers. Milk More, innovative cattle feed, improves the yield of high milk-producing animals. In the past time Prataap snacks IPO is fantastic.
Crop Protection business has developed exclusive products like Vipul, Vikas, Combine and Hitweed to offer a complete crop protection solution. Company investing significantly in cutting-edge Research & Development to support our innovation pipeline.
Company worked closely with Indian farmers to develop over 61,700 hectares of smallholder Oil Palm Plantations to bridge the demand and supply of edible oil. Godrej Agrovet has plantations across Andhra Pradesh, Goa, Gujarat, Orissa, Tamil Nadu, Maharashtra and Chhattisgarh. Company setup plan in Mizoram as well. Company has a strong market share in plant growth promoters, soil conditioners, and cotton herbicides. Portfolio of company offers a range of products that cover the entire life-cycle of a crop. A robust, pan-India distribution channel of over 6,000 distributors, helps ensure wide reach across the country.
In 2015 company acquires promoter stake in Astec Life Sciences Limited. Astec is a business to-business tech, bulk manufacturer of fungicides in India. It also has a contract manufacturing presence and counts multinational agro chemical companies like Sumitomo and Nufarm, among its clients. It has established a successful track record in nurturing stable and long term relationships with highly reputed companies in U.S.A., Europe, West Asia, South East Asia and Latin America.
Godrej Agrovet acquire stake in Cream Line Dairy Products Limited – a leading Dairy player in South India to expand business in “Animal Protein” space. Cream Line Dairy Products Limited has significant presence in Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and Maharashtra, under the “Jersey” Brand name. It also has a very interesting value-added product portfolio like Curd, Flavored Yogurt, and Ice Cream among others.
In 2004,company entered into a joint venture with the Advanced Chemical Industries Limited (ACI) Group from Bangladesh, to manufacture and sell Compound Feed. The ACI-Godrej Agrovet joint venture ranks among the top three feed companies, across all categories in Bangladesh.
Poultry business of company, Godrej Tyson Foods, best known for two brands, Real Good Chicken and Yummiez, is a joint venture with Tyson Foods, one of the largest poultry processing companies in the world. Godrej Tyson Foods is the second largest player in the processed poultry segment in India.
Board of Directors
Adi Godrej – Director (Godrej Group Chairman)
Nadir Godrej – Chairman
Balram Sing Yadav- Managing Director
Jamshyd Godrej- Director
Vijay Crishna- Director
Tanya Dubhash- Director
Nishabha Godrej – Director
Kavash Petigara- Director
(Rs in millions)
Basic and Diluted Earnings per Share
EPS on Standalone basis
|Financial Year||Basic EPS (₹)||Diluted EPS(₹)|
|March, 31, 2017||9.04||8.65|
|March, 31, 2016||8.24||7.87|
|March, 31, 2015||8.11||7.75|
EPS on Consolidated basis
|Financial Year||Basic EPS (₹)||Diluted EPS(₹)|
|March, 31, 2017||11.42||10.92|
|March, 31, 2016||9.78||9.35|
|March, 31, 2015||8.98||8.58|
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