Godrej Agrovet sets IPO price band at Rs 450-460 per share

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.

September 26, 2017 / 13:41 IST

IPO

India's Godrej Agrovet has set a price range of Rs 450-460 a share for its initial public offering to raise up to Rs 1,160 crore (USD 177.6 million), 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 October 4-6.

first published: Sep 26, 2017 12:25 pm

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