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Hopes of a normal monsoon means good news for Godrej Agrovet, which filed its draft IPO paper to the market regulator on Wednesday. (IPO is initial public offering of shares.) A subsidiary of Godrej Industries, the nearly Rs 5,000-crore company is seen sharpening focus on animal feed, crop protection, dairy and poultry segments. The IPO move for one of India's largest agri-businesses comes as farmers increasingly turn to organised players for animal protein and agri-inputs.
Counted among the biggest organised players in animal feed, Godrej Agrovet clocks over a million tonnes in annual sales.
The animal feeds market in India stands at
