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Company Background

Company Background

Godrej Agrovet Limited is a diversified, research and development focused agri-business company with operations across five business verticals: Animal feed, Crop protection, Oil palm, dairy and Poultry and processed foods. The Company has received several awards over the years and were recognized by Aon Hewitt in the 'Best Employers' category for 2015 and 2017 and Company is also recognized among one of the best 100 companies to work for by Great Place to Work Institute India for the years 2013 and 2014.

Business Verticals:
In animal feed business, its portfolio of products comprises cattle feed, poultry feed (broiler and layer), aqua feed (fish and shrimp) and specialty feed. Its animal feed products are manufactured at 35 facilities, of which 10 facilities are owned by the Company, and seven are operated by the Company, located near major consumption centers across India, with an aggregate production capacity of 2.36 million MT per annum, as of June 30, 2017

In crop protection business, it manufactures a wide range of products that cater to the entire crop lifecycle including plant growth regulators, organic manures, generic agrochemicals and specialized herbicides.

In oil palm business, it produces a range of products including crude palm oil, crude palm kernel oil and palm kernel cake. The Company purchase fresh fruit bunches ("FFBs") from palm oil farmers and work closely with them by providing planting material, agricultural inputs and technical guidance.

In dairy business, which the Company operates through its Subsidiary, Creamline Dairy, it sells a majority of milk and milk based products under the 'Jersey' brand across the states of Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra. The Company manufacture and market processed poultry and vegetarian products through its brands 'Real Good Chicken' and 'Yummiez'.

The Company is focused on improving productivity of farmers by innovating products and services that sustainably increase crop and livestock yields. It has made significant investments to enhance its R&D capabilities over the years and believe that it emphasis on R&D has been critical to its success.
Issue Highlights
Issue opens Wednesday, October 04, 2017
Issue closes Friday, October 06, 2017
Price Band Rs. 450 - Rs. 460
Offer Size Fresh Issue: Rs. 2,915.12 million
Offer for Sale Godrej Industries - Rs. 3,000 million
V-Sciences Investments Pte Ltd - 12,300,000 equity shares
Employee Reservation Portion: Rs. 200 million
Bid Lot 32 Equity Shares & in multiples thereafter
Face Value Rs.10/- per share
Listing NSE / BSE
BRLM Kotak / Axis / Credit Suisse
Registrar Karvy Computershare Private Limited
Payment Compulsorily ASBA Mode

Issue Break up

Issue Size Issue Size Allocation Issue Size (Rs. in Crs)
Lower Band Upper Band
Employee   20 20
QIB 50% 562.51 568.66
NIB 15% 168.75 170.6
Retail 35% 393.75 398.06
Total 100% 1145.01 1157.32
Object of the Issue
The Issue comprises a Fresh Issue and an Offer for Sale.

Offer for Sale
Each of the Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale net of their proportion of Issue related expenses. The Company will not receive any proceeds from the Offer for Sale. Except for listing fees which shall be solely borne bythe Company, all Issue expenses will be shared, upon successful completion of the Issue, between the Company and the Selling Shareholders on a pro-rata basis, in proportion to the Equity Shares issued and allotted by the Company in the Fresh Issue and the Equity Shares sold by the Selling Shareholders in the Offer for Sale.

Fresh Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards:
(i) repayment or prepayment of working capital facilities availed by the Company;
(ii) Repayment of commercial papers issued by the Company; and
(iii) General corporate purposes, subject to the applicable laws.
Retail Payment Chart
Retail Payment Chart - Godrej Agrovet Limited
No. of Shares Cut off price per share Rs.460 Total Amount (Rs.)
32 460 14,720
64 460 29,440
96 460 44,160
128 460 58,880
160 460 73,600
192 460 88,320
224 460 1,03,040
256 460 1,17,760
288 460 1,32,480
320 460 1,47,200
352 460 1,61,920
384 460 1,76,640
416 460 1,91,360
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SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
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