Monsoon hopes raise Godrej Agrovet's prospects

The animal feeds market in India stands at 90-100 million tonnes

Hopes of a normal monsoon means good news for Godrej Agrovet, which filed its draft IPO paper to the market regulator on Wednesday. (IPO is initial public offering of shares.) A subsidiary of Godrej Industries, the nearly Rs 5,000-crore company is seen sharpening focus on animal feed, crop protection, dairy and poultry segments. The IPO move for one of India's largest agri-businesses comes as farmers increasingly turn to organised players for animal protein and agri-inputs.

Counted among the biggest organised players in animal feed, Godrej Agrovet clocks over a million tonnes in annual sales. 

The animal feeds market in India stands at