Godavari Biorefineries IPO
Open MainLineCurrent GMP
₹5 (+1.42%)
Price Band
₹ 334 – 352
Lot Size
42
Issue Size
₹554.75 Cr
Minimum Investment
₹14784 (42 Shares)
Listing Date
30 October 2024
Subscription
1.83x
About the Company
Godavari Biorefineries Limited is a leading manufacturer of ethanol-based chemicals in India, operating as an integrated bio-refinery with an installed capacity of 570 KLPD for ethanol production as of June 30, 2024. The company is recognized as one of India’s largest ethanol producers and the world's largest manufacturer of MPO by capacity. It specializes in bio-based chemicals and has the widest portfolio of such products in India, including natural 1,3 butylene glycol and bio ethyl acetate.
The company utilizes sugarcane as a primary feedstock to produce ethanol, sugar, and bio-based chemicals. It has advanced its production capabilities by exploring the use of grains for ethanol and plans to expand distillery capacity to 1,000 KLPD. Godavari Biorefineries has received environmental clearance for this expansion and aims to manufacture 2nd generation ethanol from bagasse.
With significant investments in research and development, Godavari holds numerous patents and has established partnerships to enhance agricultural practices. Its manufacturing facilities, located in Karnataka and Maharashtra, are certified for quality and environmental standards. The company actively promotes sustainable practices, including the utilization of by-products to minimize waste.
Godavari’s customer base includes major players in various industries, and it exports products to over 20 countries. The company also markets consumer goods under the ‘Jivana’ brand, showing substantial growth in sales.
Overall, Godavari Biorefineries Limited combines innovation, sustainability, and a robust product portfolio to maintain a strong position in the bio-based chemicals market.
Promoters
- Samir Shantilal Somaiya
- Lakshmiwadi Mines
- Minerals Private Limited
- Somaiya Agencies Private Limited
Promoters Holding
Holding Pre Issue
81.06%
Holding Post Issue
63.31%
Objects of the Issue
The Company intends to utilise the Net Proceeds from the Fresh Issue towards funding the following objects
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company; and
- General corporate purposes.
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 23 October 2024
IPO Close Date
Friday, 25 October 2024
Basis of Allotment
Monday, 28 October 2024
Initiation of Refunds
Tuesday, 29 October 2024
Credit of Shares to Demat
Tuesday, 29 October 2024
Listing Date
Wednesday, 30 October 2024 — NSE & BSE
Important Dates
Open Date
23 October 2024
Close Date
25 October 2024
Basis Of Allotment
28 October 2024
Listing Date
30 October 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1554.62 | 1991.66 | 1743.52 | 1733.54 |
| Revenue | 525.27 | 1701.06 | 2023.08 | 1709.98 |
| Profit After Tax | -26.11 | 12.3 | 19.64 | 19.1 |
| Net Worth | 233.84 | 260.25 | 249.01 | 232.57 |
| Reserve & Surplus | 432.34 | 458.74 | 447.51 | 431.06 |
| Total Borrowings | 703.75 | 663.27 | 738.01 | 636.72 |
EPS Pre
2.93%
EPS Post
-20.40%
P/E Pre
120.04
P/E (Post Issue)
-17.25x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | -11.16 |
| ROCE % | -2.35 |
| Debt / Equity | 3.01 |
| RoNW % | -11.16 |
| PbW | 6.31 |
| Pat Margin % | -4.97 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 4727980 | 30 | 0 |
| Qualified Institutions | 3151989 | 20 | 0 |
| Non-Institutional | 2363991 | 15 | 0 |
| BNII | 1575994 | 10 | 2680 |
| SNII | 787997 | 5 | 1340 |
| Retail Investors | 5515978 | 35 | 131332 |
| Total | 15759938 | 100 | 0 |
Subscription Status ( Fri, 25 Oct 24 12:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3145977 | 8689212 | 2.76x |
| Non-Institutional | 2438629 | 2198112 | 0.9x |
| BNII | 1625753 | 875070 | 0.54x |
| SNII | 812876 | 1323042 | 1.63x |
| Retail Investors | 5690133 | 9729384 | 1.71x |
| Total | 11274739 | 20616708 | 1.83x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 42 | 14,784.00 |
| Retail (Max) | 13 | 546 | 192,192.00 |
| S-HNI (Min) | 14 | 588 | 206,976.00 |
| S-HNI (Max) | 67 | 2,814 | 990,528.00 |
| B-HNI (Min) | 68 | 2,856 | 1,005,312.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Equirus Capital Private Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Godavari Biorefineries IPO is a Book-building IPO worth ₹554.75 crores. The price band is ₹334 to 352 per share. The IPO opens on Wed, Oct 23, 2024 and closes on Fri, Oct 25, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Godavari Biorefineries IPO opens on Wed, Oct 23, 2024 and closes on Fri, Oct 25, 2024
Godavari Biorefineries IPO Price Band is ₹334 to 352.
Godavari Biorefineries IPO lot size is 42, and the minimum amount required for application is ₹14784.
The minimum investment for Godavari Biorefineries IPO is approximately ₹14784 based on the upper price band.
To apply for the Godavari Biorefineries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Oct 25, 2024. After submission, funds are blocked until the basis of allotment of Godavari Biorefineries IPO is finalised.
Godavari Biorefineries IPO issue size is ₹554.75 crores.
Godavari Biorefineries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Godavari Biorefineries IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Godavari Biorefineries IPO through their official website or helpline.
The Godavari Biorefineries IPO GMP (Grey Market Premium) is ₹5 as of Wed, Oct 30, 2024. Based on the upper price band of ₹352 per share, the estimated Godavari Biorefineries IPO listing price is ₹357, indicating a potential listing gain of approximately 31% over the issue price.