The initial public offering of Godrej Agrovet was subscribed 95.32 times.

The ₹1,157-crore public issue received bids for 171.84 crore shares against the total issue size of 1.80 crore shares, data available with the NSE till 1915 hours showed.

While the portion for qualified institutional bidders was subscribed by 155.17 times, non-institutional quota (HNIs) got bids for a whopping 238.68 times. Retail investors too bid aggressively, as their portion got subscribed by 7.55 times while the company’s staff bid for 0.84 times.

The issue comprises a fresh issue of shares worth ₹291.51 crore, besides an offer-for-sale worth up to ₹300 crore by Godrej Industries and sale of up to 1.23 crore shares by V-Science.

The price band has been fixed at ₹450-460 per share.

Ahead of the IPO, Godrej Agrovet had raised a little over ₹341 crore from 25 anchor investors by allotting 4.17 lakh shares at ₹460 a share. Among the anchor investors are the Government of Singapore, First State Indian Subcontinent Fund, JP Morgan, Russell Investment Company, The India Fund Inc — Aberdeen and Goldman Sachs India.

Proceeds of the IPO would be used for repayment of loans and other general purposes.

MAS Financial

Meanwhile, the public issue of MAS Financial Services was covered fully on the first day of the issue itself. The QIB portion was subscribed 180 per cent, NIIs by 22.46 per cent and retail 102.26 per cent.

MAS Financial Services IPO ends on October 10. The price band of the issue is ₹456-459 a share.

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