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IPO, New Issues

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Dear All, My double thumbs up to Godrej Agrovet IPO. The important details with analysis are appended below: A) Issue Details: Issue Open: Oct 4, 2017 - Oct 6, 2017 Issue Type: Book Built Issue IPO Issue Size: Equity Shares of Rs 10 aggregating up to Rs 1,157.31 Crores Face Value: Rs 10 Per Equity Share Issue Price: Rs 450 - Rs 460 Per Equity Share Market Lot: 32 Shares Minimum Order Quantity: 32 Shares Listing At: BSE, NSE B) Company Competite Strengths: 1. Pan-India presence with extensive supply and distribution network. 2. Diversified businesses with five business verticals. 3. Emphasis on R&D 4. Part of the Godrej group. Part of strong `Godrej` brand. 5. Leading position in the segments it operate. 6. The Godrej family is an Indian Parsi family that manages and largely owns the Godrej Group, a conglomerate of high repute :) C) Company Product Portfolio: 1. In animal feed business, the products comprises cattle feed, poultry feed (broiler and layer), aqua feed (fish and shrimp) and specialty feed. The products are produced at 35 facilities and sold through 4000 distributors across India. 2. Established in 1991, Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals -- animal feeds, crop protection, oil palm, dairy, and poultry and processed foods. 3. In crop protection business, company produces plant growth regulators, organic manures, generic agrochemicals and specialized herbicides. The products are sold in India and 24 countries. Company has over 6000 distributors in this business segment. 4. In oil palm business, the products include crude palm oil, crude palm kernel oil and palm kernel cake. Company owns five palm oil mills. 5. The dairy business is operate through a subsidiary Creamline Dairy. Company sell milk and milk based products under the `Jersey` in 5 south India states. Company own nine milk processing units. Company has 2,500 milk product distributors and 50 retail parlors. 6. Company also produce processed poultry and vegetarian products under the brands `Real Good Chicken` and `Yummiez` 7. In 2015, Godrej Agrovet acquired a controlling stake in agrochemicals and pharmaceutical intermediates firm Astec Lifesciences Ltd for approximately Rs 212 crore. Astec LifeSciences makes agrochemical active ingredients which are sold in India as well as exported. Wishing you all happy investing :)

1.54 AM Sep 29th
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