Godrej Agrovet Ltd, the agri-business subsidiary of Godrej Industries Ltd is coming out with a Public Issue (IPO) from 4 to 6 October 2017 with a price band of Rs. 450 – 460 per Equity Share of Face Value Rs. 10.
The company operates across five business verticals viz. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.
I am sure if you are thinking to apply in this Public Issue then you might be searching about Grey Market Premium (GMP) for this issue which can give you some basic idea about what could be the listing price of this issue.
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Godrej Agrovet IPO Grey Market Premium :
According to current market report, the Grey Market Premium of Godrej Agrovet is somewhere around Rs. 85 to Rs. 100.
This information is obtained from various sources from various cities across India.
Grey Market Premium of Godrej Agrovet may increase a bit to around Rs. 100 – 120 if market rebounds from here and it may fall to around Rs. 50 – 60 if markets correct further.
Godrej Agrovet IPO Kostak Price (Minimum Application) – Rs. 400 – 500 per application.
Godrej Agrovet IPO Subject to Sauda – Rs. 2500 per Lot.