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Godavari Biorefineries IPO is a book built issue of Rs 554.75 crores. The issue is a combination of fresh issue of 0.92 crore shares aggregating to Rs 325.00 crores and offer for sale of 0.65 crore shares aggregating to Rs 229.75 crores.
Godavari Biorefineries IPO opens for subscription on October 23, 2024 and closes on October 25, 2024. The allotment for the Godavari Biorefineries IPO is expected to be finalized on Monday, October 28, 2024. Godavari Biorefineries IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, October 30, 2024.
Godavari Biorefineries IPO price band is set at ₹334 to ₹352 per share. The minimum lot size for an application is 42 Shares. The minimum amount of investment required by retail investors is ₹14,784. The minimum lot size investment for sNII is 14 lots (588 shares), amounting to ₹206,976, and for bNII, it is 68 lots (2,856 shares), amounting to ₹1,005,312.
Equirus Capital Private Limited and SBI Capital Markets Limited are the book running lead managers of the Godavari Biorefineries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Godavari Biorefineries IPO RHP for detailed information.
| IPO Date | October 23, 2024 to October 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹334 to ₹352 per share |
| Lot Size | 42 Shares |
| Total Issue Size | 15,759,938 shares (aggregating up to ₹554.75 Cr) |
| Fresh Issue | 9,232,955 shares (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 6,526,983 shares of ₹10 (aggregating up to ₹229.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 41,943,023 |
| Share holding post issue | 51,175,978 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Godavari Biorefineries IPO opens on October 23, 2024, and closes on October 25, 2024.
| IPO Open Date | Wednesday, October 23, 2024 |
| IPO Close Date | Friday, October 25, 2024 |
| Basis of Allotment | Monday, October 28, 2024 |
| Initiation of Refunds | Tuesday, October 29, 2024 |
| Credit of Shares to Demat | Tuesday, October 29, 2024 |
| Listing Date | Wednesday, October 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 25, 2024 |
Investors can bid for a minimum of 42 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,784 |
| Retail (Max) | 13 | 546 | ₹192,192 |
| S-HNI (Min) | 14 | 588 | ₹206,976 |
| S-HNI (Max) | 67 | 2,814 | ₹990,528 |
| B-HNI (Min) | 68 | 2,856 | ₹1,005,312 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 81.06% |
| Share Holding Post Issue | 63.31% |
Incorporated in 1956, Godavari Biorefineries Limited manufactures ethanol-based chemicals in India. As of June 30, 2024, the company operates an integrated biorefinery with a capacity of 570 KLPD for ethanol production.
As on March 31, 2024, the company is the largest producer of MPO in the world based on installed capacity. It is one of only two manufacturers of natural 1,3-butanediol and the only company in India that makes bio ethyl acetate.
The company's product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power. These products are used in industries such as food, beverages, pharmaceuticals, flavours and fragrances, power, fuel, personal care, and cosmetics
The company has three research and development facilities registered with the Department of Scientific and Industrial Research (DSIR): one at the Sakarwadi Manufacturing Facility, one at the Sameerwadi Manufacturing Facility, and one in Navi Mumbai, Maharashtra. As of June 30, 2024, the company employs 52 permanent research staff, including eight scientists with doctoral degrees.
As of October 2024, the company has obtained 18 patents and received 53 registrations for these products/processes across various countries.
The company's client base includes marquee players such as Hershey India Pvt Ltd, Hindustan Coca-Cola Beverages Private Limited, M/s Karnataka Chemical Industries, M/s Techno Waxchem Pvt Ltd, LANXESS India Private Limited, IFF Inc., Ankit Raj Organo Chemicals Limited, Escorts Chemical Industries, Khushbu Dye Chem Pvt Ltd, Privi Speciality Chemicals Limited, Shivam Industries, and major oil marketing companies.
The company serves customers in over twenty countries, including Australia, China, Germany, France, Italy, Japan, Kenya, the Netherlands, Singapore, the United Kingdom, the United Arab Emirates, Indonesia, and the United States.
The company operates two manufacturing facilities, one in Bagalkot, Karnataka, and the other in Ahmednagar, Maharashtra.
As of June 30, 2024, the company has 1,583 permanent employees, out of which 437 employees are semiskilled and unskilled.
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 | ||||
The market capitalization of Godavari Biorefineries IPO is Rs 1801.39 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | -11.16% |
| ROCE | -2.35% |
| Debt/Equity | 3.01 |
| RoNW | -11.16% |
| P/BV | 6.31 |
| PAT Margin (%) | -4.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.93 | -20.4 |
| P/E (x) | 120.04 | -17.25 |
Godavari Biorefineries Limited
Somaiya Bhavan,
45/47, M.G. Road
Fort, Mumbai - 400001
Phone: +91 22 6170 2177
Email: investors@somaiya.com
Website: https://www.godavaribiorefineries.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: godavari.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Godavari Biorefineries IPO is a main-board IPO of 15,759,938 equity shares of the face value of ₹10 aggregating up to ₹554.75 Crores. The issue is priced at ₹334 to ₹352 per share. The minimum order quantity is 42 Shares.
The IPO opens on October 23, 2024, and closes on October 25, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Godavari Biorefineries IPO using UPI as a payment gateway. Zerodha customers can apply in Godavari Biorefineries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Godavari Biorefineries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Godavari Biorefineries IPO opens on October 23, 2024 and closes on October 25, 2024.
Godavari Biorefineries IPO lot size is 42 Shares, and the minimum amount required is ₹14,784.
You can apply in Godavari Biorefineries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Godavari Biorefineries IPO will be done on Monday, October 28, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 29, 2024. Check the Godavari Biorefineries IPO allotment status.
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