Godrej Agrovet IPO kicks off; here’s what top brokerages say

NEW DELHI: The Rs 1,157 crore initial public offer (IPO) of Godrej Agrovet (GAVL) kicked off on Wednesday.

The agri-business company intends to sell up to 1,80,27,464 shares (issue size) in Rs 450-460 price band. On Tuesday, the company allotted 74.17 lakh shares to 25 anchor investors including Reliance CapitalBSE 1.75 % Trustee Company, SBI Life Insurance Company, Nomura, Goldman Sachs, Government of Singapore, among others, at Rs 460 apiece.

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