Godrej Agrovet ends at Rs 595, 29% premium against issue price

The stock listed at Rs 621,a 35% premium against its issue price of Rs 460 per share on the BSE.

Godrej Agrovet made a strong debut by listing at Rs 621, a 35% premium against its issue price of Rs 460 per share on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 616, 34% higher against issue price.

The stock settled at Rs 595, up 29% vs issue price after hitting a high of Rs 630 on the BSE and NSE in intraday trade. The scrip was down over 4% against its opening price.

The Rs 1,170-crore initial public offer (IPO) of Godrej Agrovet saw 95 times more demand than shares on offer.