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  • News From Press Top four mutual funds lap up this midcap stock listed in October

    Top four mutual funds lap up this midcap stock listed in October

    Source: Financial Express Nov 18, 2017

    Top four mutual funds by assets under management have added Godrej Agrovet Ltd to their portfolio in the month of October, a scrip which debuted on the bourses last month. The top four mutual funds by AUM are ICICI Prudential Mutual Fund, HDFC Mutual Fund and Reliance Nippon Life Asset Management and Aditya Birla Sunlife Mutual Fund. Notably, Godrej Agrovet Ltd, an animal feeds player came out with its IPO for  Rs 1,157 crore on October 4th. The company had set a price range of Rs 450-460 per equity share for its public offer. Interestingly, Godrej Agrovet IPO got oversubscribed 95 times, post three days of heavy bidding, backed by strong demand from institutions, as the QIB portion was oversubscribed by 151 times!

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