What is the price band of the Godrej Agrovet IPO?

The price band is ₹450–460 per share, and the final issue price is ₹460.

What is the lot size of the Godrej Agrovet IPO?

One lot is 32 shares, so the minimum retail bid is ₹14,720 at the upper end of the price band.

When is the Godrej Agrovet IPO listing date?

The shares listed on 16 October 2017.

How many times was the Godrej Agrovet IPO subscribed?

It was subscribed 95.4x overall: QIB 151x, NII 236x and retail 7.67x (NSE and BSE together).

Godrej Agrovet IPO

Godrej Agrovet Limited (GODREJAGRO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 October 2017.

Listed 16 Oct Subscribed 95.4x Listing gain +33.8%

Issue details

Price band

₹450–460

Issue price

₹460

Lot size

32 shares

Min. retail bid

₹14,720

Max. retail bid

13 lots (₹1,91,360)

Issue size

₹1,180 Cr

Face value

₹10

Bidding

04 Oct – 06 Oct 2017

Listing

16 Oct 2017

Retail quota

35%

Registrar

Karvy Computer Share Private Limited

Listing day

Listed at

₹616

+33.8% vs issue price ₹460

Day's high

₹630

+37.0% · low ₹563 (+22.5%)

Day's close

₹596

+29.5% · traded ₹1,441 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	50,82,882	76,72,95,360	151x
NII (HNI) total	37,50,042	88,51,64,480	236x
Retail	87,50,096	6,71,17,664	7.67x
Total	1,80,27,464	1,71,99,50,816	95.4x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Godrej Agrovet's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Avenue SupermartsMar 2017	145x	278x	7.51x	105x	₹1,895 Cr	+100.7%	+117.0%
Dixon Technologies (India)Sep 2017	135x	346x	10.6x	118x	₹600 Cr	+54.3%	+71.2%
RBL BankAug 2016	85.1x	198x	5.70x	69.6x	₹1,219 Cr	+21.9%	+35.8%
Thyrocare TechnologiesApr 2016	73.2x	225x	8.73x	73.5x	₹479 Cr	+49.1%	+49.1%
Advanced Enzyme TechnologiesJul 2016	94.0x	393x	11.7x	116x	₹413 Cr	+35.0%	+38.8%
Cochin ShipyardAug 2017	63.5x	289x	8.51x	76.2x	₹2,542 Cr	+1.9%	+22.3%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Kotak Mahindra Capital Company	83	+20.8%	76%
Axis Capital	107	+20.4%	73%
Credit Suisse Securities (India)	11	+15.6%	82%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Godrej Agrovet IPO price band and lot size? ₹450–460 per share, with a lot of 32 shares, so the smallest retail bid is ₹14,720.

How many times has it been subscribed? 95.4x overall: QIB 151x, NII 236x, retail 7.67x.

How did it list? It opened at ₹616, +33.8% against the issue price of ₹460, and closed its first day +29.5%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.