Godrej Agrovet Limited IPO Message Board (Page 61)

if 13 lot can apply in the issue what will be probability of allotment. kindly advice

One Lot or else Zero

Godrej Industries, the parent of Godrej Agrovet which owns 63.67%, will sell shares worth Rs 300 crore in the IPO. Private equity major V-Sciences Investment, investment arm of Temasek, will offload shares worth Rs 565 crore.V-Sciences had picked up nearly 20 per cent in Godrej Agrovet five years ago, at an average of Rs.154.6 per share. This will mean a threefold gain now as it sells part of this stake.

Instead buying so many company, Agrovet make sense and it has a strong promoter.
even IPO looks expensive, on long term basis it can be good multibagger.

Business Competitors
Animal Feed business - >> Cargill India Pvt. Ltd., Kapila Cattle Feed Pvt. Ltd
Crop Protection business ->> Rallis India Ltd., Dhanuka Agritech Ltd
Oil Palm Business ->> Ruchi Soya Industries Ltd
Dairy Business -->> Heritage Foods Ltd., Hatsun Agro Product Ltd
Poultry & Processed Foods business -->> Venky’s India Ltd

Today ipo''s is lootbazar, promoters are eating up every bit on table, no leaving even tablecloth for investors.
I salute ramesh damani that he has offered full plate food to all investors.
Cdsl, mahanagar gas are also moderately priced.
I was expecting same from godrej family, unfortunately does come true.
Anyway I will subscribe to this issue but without any enthusiasm.

Honestly, if you don''t feel like applying then you shouldn''t just run after Brand Name. Its upto us if we want to apply or not. I didn''t apply ICICI and SBI ipos as both were fully priced and even for the long term investor, buying from the open market made more sense. So just because you are able to apply doesn''t mean you should apply. If you feel that there is a chunk of money available on listing, then apply otherwise pass the ipo. As simple as that.

Hello,
we are here to make Money...how to do that..its upto you.
there is no compulsion to apply an IPO .. Cash market is available...make as much money you can...if one is capable.

Isme apply krna chaiye ki nai ??

godrej agrovet ipo or Mas finance ipo ?

Hello Sir what are the causes of bearish trend in Indian market? What may be its impact on Godrej agrovet IPO?

North Korean tensions seem to be impacting the most.

This is another good IPO which will be like lottery to lucky few who will get allotment. All the best to all those who will be applying for this IPO!

Hi All,
Please advise and confirm on this doubt..
If we apply Godrej with 14 lots (14*32*460 = 206080/-) under HNI category ..is this correct and it will be consider or not ????
Please give the correct minimum lot under HNI.

Thanks in advance for your support.

Yes, minimum 14 lots will be considered under HNI category. While applying choose HNI instead of retail.

Thanks Huzefa.
Anybody has any more comments or advise??

Godrej Agrovet''s financial performance (in INR crore)
FY2013      FY2014      FY2015      FY2016      FY2017
Total 2,771.6       3,117.4      3,325.5      3,817.7      4,983.3
Total 2,634.1      2,928.9      3,108.3      3,608.5      4,649.4
Profit96.6      156.5      210.0      261.0      273.5

The profit keeps on getting low.

Selling share holder acquirer at Rs154.60 in dec. 2012 (154.60 price arrived after double bonus shares).
ESOP at fair values of Rs.154.60
Astec lifescience is same doing business company.
GAVL acquired Astec lifescience at P/E 60. EPS of Astec lifescience is Rs.9.91.

Forward EPS of GAVL is Rs.14/-
Industries P/E is 47

I think GAVL shares will trade at Rs 660-720

Go ahead for this IPO.

GMP
SBI 6 - 8
PRATAAP 190 - 200
Godrej 125 - 130

@ Uppper Price band PE 41

Pnb se ipo lgne ka process kya , pls guide
Thanks in advance

First to register with PNB ASBA website.make a user id then bid the application process and website take you to PNB bank site then you put your bank login id and password.
Amount will immediately block and application number are generate in the PNB ASBA website...

Fresh issue of Rs.291.512 crores & offer for sale of upto Rs.300 crores by Godrej industries Ltd. + 1.23 crores shares by Temasek holding so total issue size is Rs.1157.312 crores i.e. 2,51,58,956 shares out of which Rs. 20 crores i.e. 4,34,782 shares reserved for company employees.
So remaining 2,47,24,174 shares will be available for bids.
Now category wise breakup:

QIB - 50% i.e. 1,23,62,087 shares, out of which 60% means 74,17,252 shares for allocation to anchor investors and remaining 49,44,835 share wiil be available for bids by QIB.

HNI/NII - 15% i.e.37,08,626 shares.

RII - 35% i.e. 86,53,460 shares that means 2,70,420 lots of 32 shares each will be available for retail investors i.e 2,70,420 applications required for 1X
If approx 10.8 to 13.5 lakh applications received than 20-25% chances of allotment in retail category.

One can apply for listing gain as well as long term. Good stock for long term portfolio.

rrpjodhpur

2,70,420 lots available for allotment in retail category.

75 percent revenue of gal is from animal feed is being offered at pe of 45 while animal feed producer venky''s is available at pe of 13 at eps 150( q1 fy18 annualized almost in line with eps of fy 17). Bottom line of gal and Venky are same while equity of venky is 14 times less than gal. But i wish success for gal ipo inverters. Thanks.

Investors in place of inverters ☺

Yes Sachin ji retail portion will subscribe maximum 6 times applicationwise in Godrej agrovet.

Dear Solution of Queries, how to calculate application wise subscription figures?
Thanks

275476 forms for 1 x

MAS Financial Services IPO details
Subscription Dates      6 - 10 October 2017
Price Band      INR450 - 460 per share
Fresh issue      INR233 crore
Offer For Sale      INR227.04 crore
Total IPO size      INR460.04 crore
Minimum bid (lot size)      To be updated
Face Value       INR10 per share
Retail Allocation      35%
Listing On      NSE, BSE