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Godrej Agrovet Sets Price Range For Rs 1160-Crore IPO

The animal-feed producer is selling new shares worth up to Rs 292 crore in the IPO.
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A unit of Singapore's Temasek Holdings will sell up to 12.3 million shares in Godrej Agrovet IPO.
A unit of Singapore's Temasek Holdings will sell up to 12.3 million shares in Godrej Agrovet IPO.

Mumbai: Godrej Agrovet Ltd has set a price range of Rs 450-Rs 460 a share for its initial public offering to raise up to Rs 1,160 crore, according to a public notice on Tuesday.

The animal-feed producer is selling new shares worth up to Rs 292 crore in the IPO, while its main shareholder Godrej Industries is selling secondary shares of up to Rs 300 crore.

A unit of Singapore's Temasek Holdings will sell up to 12.3 million shares, which at the upper end of the price range would be worth Rs 566 crore.



Kotak Investment Banking, Axis Capital and Credit Suisse are the banks managing the IPO that runs Oct. 4-Oct. 6.

 

© Thomson Reuters 2017



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