Godrej Agrovet IPO

Godrej Agrovet (GAVL) on Wednesday said its consolidated net profit jumped to Rs 65.48 crore in the March 2024 quarter from Rs 23.47 crore a year ago. Its total revenue from operations grew 1.87 per cent to Rs 2,134.28 crore during the quarter under review compared to Rs 2,094.99 crore in the year-ago period. "The financial year 2023-34 augured well for Godrej Agrovet in terms of a robust surge in profitability over FY23. This growth in profitability was primarily driven by the exceptional performance of the domestic crop protection business, structural turnaround of the dairy business, market share gains in Animal Feed and robust volume and margin growth in branded products in our poultry business," Godrej Agrovet Managing Director B S Yadav said. Shares of the company on Wednesday closed at Rs 586 apiece, up 4.23 per cent on BSE.

The share sale had seen 95 times oversubscription

Indian companies have so far raised around $8 billion in IPOs this year

The IPO opened on 4 October and closes today, 6 October 2017

The IPO committee at a meeting held yesterday finalised allocation of Rs 74.17 lakh shares to 25 anchor investors at an upper end of the IPO band at Rs 460 per share aggregating Rs 341.19 crore

The Temasek-backed company said it aims to raise up to Rs 1,157 cr

The IPO opens on 4 October and closes on 6 October 2017

The animal feeds market in India stands at 90-100 million tonnes

The public issue comprises fresh issue of shares worth Rs 300 crore