Shares of Godrej Agrovet Limited listed the bourses and had a stellar debut gaining over 29%. The company had launched its IPO which consisted of a fresh issue of Rs 291.51 crs and an offer for sale of Rs 300 crs by the parent and 1.23 cr shares by the PE Investor.
The company had earlier allotted 74.17 lakh shares to 25 anchor investors comprising of 32 entities.
The issue had received excellent response and was oversubscribed over 95 times. The QIB portion was subscribed 150.96 times, HNI 236 times and retail 6.7 times.
The scrip opened for trading at Rs 621 on the BSE and Rs 615.60 on the NSE. The high was Rs 629.85 and Rs 630 respectively while the lows were Rs 563.80 and Rs 563.40. The share closed at Rs 595.55, a gain of Rs 135.55 or 29.47% on the BSE. The close on the NSE was Rs 595.65, a gain of Rs 135.65 or 29.49% on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 621.00 | 629.85 | 563.80 | 595.55 | 135.55 | 29.47 | 599.93 | 3677215 | 1029433 | 27.99 |
| NSE | 615.60 | 630.00 | 563.40 | 595.65 | 135.65 | 29.49 | 600.53 | 24000049 | 8422033 | 35.09 |
| Total | 27677264 | 9451466 | 34.15 |
The traded volume was 276.77 lakh shares which was 1.10 times the IPO size of 251.58 lakh shares. The delivery volume was 94.51 lakh shares which was 34.15% of the traded volume and 37.57% of the IPO size. Considering the non-anchor portion the delivery percentage was 53.27% of the IPO.
A successful IPO and decent listing where all successful applicants have made money.
