Godrej Agrovet Ltd. share price target

Godrej Agrovet was incorporated in 1991 in the state of Gujarat. Godrej Agrovet Limited (GAVL), is a diversified, R&D; focused agri-business company with operations across five business verticals viz. 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 leader in compound cattle feed in India as of March 2017. Godrej Agrovet Ltd has joint ventures Godrej Tyson Foods Ltd, a food processing firm, and ACI Godrej Agrovet Pvt. Ltd, which runs a poultry products business in Bangladesh. The Company made significant...

A well diversified company...poised for better prospects... Godrej Agrovet Ltd. (GAVL) is a well diversified R&D; based agribusiness company from the house of Godrej, with a major role in all its business verticals like animal feed (53% of revenue), crop protection (15% of revenue), oil palm (16% of revenue), dairy business (21% of revenue) and processed foods. It is one of the leading company in animal feed and also the largest crude palm oil producer in India. The company has pan-India presence with extensive supply and distribution network. GAVL's business model with a strong...

IPO NOTE

Godrej Agrovet Ltd. (GAVL) is an Agro based company with focus on research and development. It operates across five business verticals namely animal feed, crop protection, oil palm, dairy and poultry & processed food. It is a ~75% subsidiary of Godrej Industries. GAVL's revenue has grown at a CAGR of ~16% over FY13-17. GAVL is coming with an IPO of about `1157cr. out of which `292cr. is the fresh issue and remaining OFS. The post Issue market capitalisation at the upper band of `460 is expected to be `~8800cr. We recommend SUBSCRIBE on the...

Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. In animal feed business: The products that Godrej Agrovet manufactures and sells in the animal feed business are cattle feed, poultry feed(broiler and layer), aqua feed(fish and shrimp) and speciality feed. The products are produced at 35 facilities and sold through...

Godrej Agrovet was incorporated in 1991 in the state of Gujarat. Godrej Agrovet Limited (GAVL), is a diversified, R&D; focused agri-business company with operations across five business verticals viz. 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 leader in compound cattle feed in India as of March 2017. The Company made significant...

Godrej Agrovet Ltd. (GAVL) is a diversified, R&D; focused agribusiness company with operations across five business verticals: animal feed, crop protection, oil palm, dairy, and poultry and processed foods. The company is the leading compound animal feed company in India, on the basis of installed capacity in FY16. Of the net proceeds from fresh issue, around Rs. 1,000mn will be utilized to repayment or prepayment of working capital facilities availed by the company. Another Rs. 1,500mn will be used to...

Fresh Issue of Equity shares aggregating upto Rs 2,915.12 mn and offer for sale of (equity shares aggregating upto Rs 3,000 mn by Godrej Industries Ltd; and upto 12.3 mn equity shares...

Issue Open: Oct 04 - Oct 06, 2017, Price Band: Rs. 450 - 460, Issue Size: 2,51,58,956 Equity Shares (including Fresh issue of 63,37,217, Equity Shares + Offer for sale 1,88,21,739, equity shares including Employee reservation and ESP) Offer Size: Rs.1132.15 crs - 1157.31 crs Issue Open: Oct 04 - Oct 06, 2017, Price Band: Rs. 450 - 460, Issue Size: 2,51,58,956 Equity Shares (including Fresh issue of 63,37,217, Equity Shares + Offer for sale 1,88,21,739, equity shares including Employee reservation and ESP) Offer Size: Rs.1132.15 crs - 1157.31 crs