The quota limit for qualified institutional buyers (QIBs) was subscribed 10.09 times.

Analysts have said given strong fundamentals and market share the company enjoys, issue is a 'Subscribe'.

The benchmarks lost momentum in later half of the day in the absence of positive triggers.

Analysts believe Venky's India is likely to see valuation re-rating on the back of Godrej Agrovet.

At 6.30 am, Nifty50 futures on the Singapore Stock Exchange were trading 20.50 points lower at 9,927.

Bata India witnessed the biggest spike in OI at 42.98%, followed by Apollo Tyres and Dish TV.

On Tuesday, the company allotted 74.17 lakh shares to 25 anchor investors.

Investors can subscribe to the Godrej Agrovet IPO given the unique diversification of business.

The agri-business company intends to sell up to 1,80,27,464 shares in Rs 450-460 price band.

The two-day rate-setting meeting of RBI’s Monetary Policy Committee (MPC) is scheduled to conclude later on Wednesday.

Godrej Industries informed that its board "has decided to participate in the IPO of equity shares by Godrej Agrovet Ltd".