Godavari Biorefineries IPO vs Waaree Energies IPO

Comparision between Godavari Biorefineries IPO and Waaree Energies IPO.

IPO Details

Godavari Biorefineries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Godavari Biorefineries IPO	Waaree Energies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Equirus Capital Private Limited SBI Capital Markets Limited	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Godavari Biorefineries IPO is up to ₹554.75 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Godavari Biorefineries IPO is ₹352.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Godavari Biorefineries IPO	Waaree Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹334.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹352.00 per share	₹1,503.00 per share
Issue Price (Final)	₹352.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	42 shares	9 shares
Fresh Issue Size	92,32,955 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹325.00 Cr	up to ₹3,600.00 Cr
OFS Issue Size	65,26,983 shares	48,00,000 shares
OFS Issue Size (Amount)	up to ₹229.75 Cr	up to ₹721.44 Cr
Issue Size Total	1,57,59,938 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹554.75 Cr	up to ₹4,321.44 Cr

IPO Timetable

Godavari Biorefineries IPO opens on Oct 23, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Godavari Biorefineries IPO and Waaree Energies IPO is Oct 25, 2024, and Oct 23, 2024, respectively.

	Godavari Biorefineries IPO	Waaree Energies IPO
Anchor Bid Date	Oct 22, 2024	Oct 18, 2024
Issue Open	Oct 23, 2024	Oct 21, 2024
Issue Close	Oct 25, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Oct 28, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Oct 29, 2024	Oct 25, 2024
Credit of Share (Tentative)	Oct 29, 2024	Oct 25, 2024
Listing date (Tentative)	Oct 30, 2024	Oct 28, 2024
Anchor Lockin End date 1	Nov 26, 2024	Nov 22, 2024
Anchor Lockin End date 2	Jan 25, 2025	Jan 21, 2025

Financials

Godavari Biorefineries IPO P/E ratio is 120.04, as compared to Waaree Energies IPO P/E ratio of 30.87.

Godavari Biorefineries IPO

Waaree Energies IPO

Financial

Godavari Biorefineries Limited Financial Information (Restated Consolidated)

Godavari Biorefineries Limited's revenue decreased by -15.92% and profit after tax (PAT) dropped by -37.37% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,554.62	1,991.66	1,743.52	1,733.54
Revenue	525.27	1,701.06	2,023.08	1,709.98
Profit After Tax	-26.11	12.30	19.64	19.10
Net Worth	233.84	260.25	249.01	232.57
Reserves and Surplus	432.34	458.74	447.51	431.06
Total Borrowing	703.75	663.27	738.01	636.72
Amount in ₹ Crore

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

81.06%

71.80%

Promoter Shareholding (Post-Issue)

63.31%

64.30%

P/E Ratio

120.04

30.87

Market Cap

₹1801.39 Cr.

₹42939.36 Cr.

ROE

-11.16%%

8.79%%

ROCE

-2.35%%

9.45%%

Debt/Equity

3.01

0.06

EPS

₹2.93

₹48.69

RoNW

-11.16%%

8.81%%

Shares Offered

In the Godavari Biorefineries IPO retail investors (RII) are offered 55,15,978 shares while in Waaree Energies IPO retail investors are offered 55,15,978 shares. Qualified institutional buyers (QIB) are offered 31,51,989 shares in Godavari Biorefineries IPO and 56,63,925 shares in Waaree Energies IPO.

	Godavari Biorefineries IPO	Waaree Energies IPO
Anchor Investor Reserveration	47,27,980 shares	84,95,887 shares
Market Maker Reserveration
QIB	31,51,989 shares	56,63,925 shares
NII	23,63,991 shares	42,47,945 shares
RII	55,15,978 shares	99,11,869 shares
Employee	0 shares	4,32,468 shares
Others
Total	1,10,31,958 shares	2,02,56,207 shares

Bids Received (Subscription)

Godavari Biorefineries IPO subscribed 1.87x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Godavari Biorefineries IPO	Waaree Energies IPO
QIB (times)	2.76x	215.03x
NII (times)	0.93x	65.25x
Big NII (times)	0.56x	71.32x
Small NII (times)	1.68x	53.10x
RII (times)	1.76x	11.27x
Employee (times)		5.45x
Other (times)
Total (times)	1.87x	79.44x

Compare with others

Godavari Biorefineries IPO	Waaree Energies IPO
NTPC Green Energy IPO	Sagility India IPO
Niva Bupa Health Insurance IPO	ACME Solar Holdings IPO
Sagility India IPO	Swiggy IPO
ACME Solar Holdings IPO	Godavari Biorefineries IPO
Swiggy IPO	Deepak Builders & Engineers IPO
Deepak Builders & Engineers IPO	Garuda Construction and Engineering IPO
Waaree Energies IPO	Afcons Infrastructure IPO
Garuda Construction and Engineering IPO	Hyundai Motor IPO
Afcons Infrastructure IPO	Diffusion Engineers IPO
Hyundai Motor IPO	Manba Finance IPO

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