Godrej Agrovet Ltd. share price target

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

Godrej Agrovet Limited (GAVL) is a subsidiary of Godrej Industries Ltd. which was incorporated in 1991 in Gujarat. Agrovet is a diversified, research and development focused agri-business Company with operations across five business verticals: Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. GAVL is the leading compound animal feed company in India, on the basis of installed capacity for the financial year 2016 and the largest crude palm oil producer in India in terms of market share, as of March 31, 2017. In Bangladesh, its joint venture, ACI Godrej was the fourth largest feed producer, in...

The offer comprises a fresh issue of 63.4 lakh equity shares (~| 291.5 crore) and an offer for sale of 188.2 lakh equity shares (~| 865.8 crore). The IPO proceeds (~| 291.5 crore) will be used for repayment of working capital facilities availed (~| 100 crore) and commercial papers issued (~| 150 crore) while the balance will be used for general corporate purposes Godrej Agrovet (GAVL) is part of the prestigious Godrej group and is a well-diversified agri-business player that serves to enhance both crop and...

equity interest in Creamline Dairy, which currently sells milk and milk based products under the Jersey' brand. In October 2015, GAVL acquired equity interest in Astec LifeSciences and currently own 55.7% stake. Astec LifeSciences manufactures...