Godrej Industries, Stock Future Tradind Calls, Stock Future Tips, Top Stock in the news, Market Update, Stock news, BTST Future CallGodrej Industries share price soared above 4 percent intraday Tuesday after the IPO of its agri business Godrej Agrovet received Sebi approval.
Godrej Agrovet Limited, a subsidiary of Godrej Industries has got the Sebi approval for its IPO to raise an estimated Rs 1,000 to 1,200 crore. The IPO comprises the fresh issue of shares worth Rs. 300 crore besides an offer for sale (OFS) of up to Rs. 300 crore by Godrej Industries and up to 1.23 crore shares by V-Sciences. The company is also considering a pre-IPO placement of up to 5,60,000 equity shares worth up Rs. 252.00 crore.
Axis Capital, Kotak Mahindra Capital, and Credit Suisse Securities (India) Pvt. Ltd will manage the IPO. Godrej Agrovet Limited is in businesses of animal feeds, agri-inputs, palm oil manufacturing, dairy, and poultry.

BTST MANAPPURAM 110 TGT 112/114 SL 108

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