Godrej Agrovet Ltd, the agri-business unit of Godrej Industries Ltd, on Tuesday said it has raised approximately Rs341.2 crore by selling shares to institutional investors as part of its anchor book allocation, a day ahead of its initial public offering (IPO).
Shares were allocated to 25 investors at Rs460 apiece, the upper end of the price band of Rs450-460 for the Godrej Agrovet IPO. The Rs1,157 crore IPO opens 4 October and will close on 6 October.
