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16 December 2017

IPO Synopsis

Godrej Agrovet Ltd
Registered Office: 3rd Flr Pirojshanagar,Eastern Exp.Highway Vikhroli(E , Mumbai - 400079 , Maharashtra , India.
Phone : 91-22-25194416   Fax:91-22-25195124
Email :  gavlinvestors@godregagrovet.com  
Website :  www.godrejagrovet.com
Public offer of 25,158,964 equity shares* of face value of (Rs)10 each ("equity shares") of Godrej Agrovet Limited (the "company") for cash At a price of (Rs)460 per equity share (including a share premium of (Rs)450 per equity share) aggregating to (Rs)1157.31 Crores* (the "issue") Comprising a fresh issue of 6,337,225 equity shares* aggregating to (Rs)291.51 Crores by the company ("fresh issue") and an offer for sale of 6,521,739 equity shares* by godrej industries limited ("promoter selling shareholder") aggregating to (Rs)300 Crores and 12,300,000 equity Shares* by V-Sciences Investments Pte Ltd ("V-Sciences" or "Investor selling shareholder") ("V-sciences" offered shares") aggregating to (Rs)565.80 Crores (the promoter selling shareholder and the investor selling shareholder are colectively refered to as, the "selling shareholders" and such equity shares offered by the promoter selling shareholder and the V-Sciences' offered shares, Collectively the "offered shares") ("offer for sale"). The issue included a reservation of 434,782 equity shares agregating to (Rs)20 Crores for susbcription by eligible employes (as defined in "definitions and abreviations "). Further, the company has isued 367,737 Equity shares aggregating to (Rs)16.92 Crores to identified employes of the company under the esps (as defined in "definitions and (Rs)abreviations ") as part of the isue and at issue price. The net issue constitutes 12.88% of the post-issue paid-up equity share capital (after considering allotment to the identified employees of the company under the esps). *subject to finalisation of the basis of allotment # subject to allotment simultaneous with the allotment in the issue ^the company has, in consultation with the book running lead managers ("brlms"), undertaken a private placement of 192,901 equity shares For cash consideration aggregating to (Rs)8.49 Crores ("Pre-Ipo placement"). The size of the fresh issue as disclosed in the draft redherring Prospectus dated july 18, 2017, being (Rs)300 Crores, has been reduced to (Rs)291.51 Crores accordingly. The face value of equity shares is (Rs)10 each. The issue price is (Rs)460 per equity share and is 46 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Oct-17 06-Oct-17 (Rs)460.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :32  Further Multiples of :32

  (Rs Cr) Lead Managers to the Issue
Project Cost 291.51
Axis Capital Ltd
Project Financed through Current Offer 1157.31  
Post Issue Equity Share Capital 192.03  
Issue Price (Rs)460.00  
 
Projects
Repayment or prepayment of working capital facilities availed by the companyGeneral Corporate Purposes
Repayment of commercial papers issued by the company
Promoted By
Godrej Industries Ltd  
Nadir B Godrej  
Adi B Godrej  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS