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Godrej Agrovet makes stellar debut on BSE; trades with 32% gains

16 Oct 2017 Evaluate

Godrej Agrovet debuted at Rs 621.00 on the BSE, up by 161 points or 35% from its issue price of Rs 460.

The scrip is currently trading at Rs 605.30, up by 145.30 points or 31.59% from its issue price. It has touched a high and low of Rs 629.85 and Rs 600.30 respectively. So far 87,90,000 shares were traded on the counter.

The offering, which was open for subscription between October 04 - October 06, was subscribed 95.41 times. The issue price was fixed at Rs 460 per share i.e. at upper end of price band of Rs 450-460 apiece.

Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

Peers
Company Name CMP
Godrej Agrovet 643.10
Avanti Feeds 741.70
Mukka Proteins 27.13
Mayank Cattle Food 107.00
Prima Agro 16.50
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