Godavari Biorefineries IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 23 Oct 2024
Close Date
Fri, 25 Oct 2024
Price Band
₹ 334 – 352
Lot Size
42
Issue Size
₹ 554.75 Cr
Minimum Investment
₹ 14,784 (42 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Godavari Biorefineries IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹554.75 Crore, comprising a fresh issue of 92.33 Lakh equity shares aggregating to ₹325.00 Crore and an offer for sale (OFS) of 65.27 Lakh equity shares aggregating to ₹229.75 Crore by the existing shareholders.
The Godavari Biorefineries IPO remained open for subscription from October 23, 2024, to October 25, 2024. The basis of allotment was finalized on October 28, 2024, and the company's shares were listed on the NSE and BSE on October 30, 2024.
The company had fixed the price band at ₹334 to ₹352 per share, with a lot size of 42 shares. Retail investors were required to make a minimum investment of ₹14,784 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Equirus Capital Private Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Godavari Biorefineries Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Godavari Biorefineries IPO Timeline (Tentative)
- IPO Open Date
- Wed, 23 Oct 24
- IPO Close Date
- Fri, 25 Oct 24
- Basis of Allotment
- Mon, 28 Oct 24
- Initiation of Refunds
- Tue, 29 Oct 24
- Credit of Shares to Demat
- Tue, 29 Oct 24
- Listing Date
- Wed, 30 Oct 24 — NSE & BSE
Open Date
23 October 2024
Close Date
25 October 2024
Basis Of Allotment
28 October 2024
Listing Date
30 October 2024
IPO Subscription
Check Live Subscription →The Godavari Biorefineries IPO has received bids for 2,06,16,708 shares against 1,12,74,739 shares offered, resulting in an overall subscription of 1.83x. the NII category is subscribed 0.9x, Retail Investors 1.71x, and QIBs 2.76x. Within the NII category, BNII is subscribed 0.54x, while SNII is subscribed 1.63x.
QIB
2.76x
NII
0.9x
BNII
0.54x
SNII
1.63x
RII
1.71x
Total
1.83x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 55,15,978 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 31,51,989 shares (20%), while Non-Institutional Investors (NIIs) receive 23,63,991 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 4,727,980 | 30% |
| Qualified Institutions | 3,151,989 | 20% |
| Non-Institutional | 2,363,991 | 15% |
| BNII | 1,575,994 | 10% |
| SNII | 787,997 | 5% |
| Retail Investors | 5,515,978 | 35% |
| Total | 15,759,938 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Godavari Biorefineries Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Godavari Biorefineries Limited
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.
Godavari Biorefineries IPO 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%
Godavari Biorefineries IPO Objective
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.
Godavari Biorefineries Limited Address / Contact Details
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
Godavari Biorefineries IPO Lot Size
The Godavari Biorefineries IPO has a lot size of 42 shares. Retail investors require a minimum investment of ₹14,784 by applying for 1 lot (42 shares). The maximum application allowed for the retail category is 13 lots (546 shares), requiring an investment of ₹1,92,192.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Equirus Capital Private Limited
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Godavari Biorefineries IPO?
Godavari Biorefineries IPO is a Book-building IPO with a total issue size of ₹554.75 crore. The Godavari Biorefineries IPO price band is ₹334 to 352 per share. The Godavari Biorefineries IPO subscription opens on Wed, Oct 23, 2024, and closes on Fri, Oct 25, 2024. The Godavari Biorefineries IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Godavari Biorefineries IPO.
When will the Godavari Biorefineries IPO open for subscription?
The Godavari Biorefineries IPO opens on Wed, Oct 23, 2024 and closes on Fri, Oct 25, 2024
What is Godavari Biorefineries IPO Price Band?
Godavari Biorefineries IPO Price Band is ₹334 to 352 per share.
What is Godavari Biorefineries IPO Lot Size?
Godavari Biorefineries IPO lot size is 42 shares, Retail investors need a minimum investment of ₹14784 based on the upper price band
What is the minimum investment for Godavari Biorefineries IPO?
The minimum investment for Godavari Biorefineries IPO is ₹14784, based on one lot of 42 shares at the upper price band of ₹352 per share.
How to apply for Godavari Biorefineries IPO?
Investors can apply for the Godavari Biorefineries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Oct 25, 2024. The application amount remains blocked until the Godavari Biorefineries IPO allotment is finalized.
What is Godavari Biorefineries IPO Issue Size?
Godavari Biorefineries IPO issue size is ₹554.75 crores.
What is the Godavari Biorefineries IPO Allotment Date?
Godavari Biorefineries IPO allotment date is Mon, Oct 28, 2024.
Who is the Godavari Biorefineries IPO Registrar?
The registrar for Godavari Biorefineries IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Godavari Biorefineries IPO allotment status, refund processing, and other IPO-related information.
What is the Godavari Biorefineries IPO GMP?
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 1.42% over the issue price.
Who is the Godavari Biorefineries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Godavari Biorefineries IPO are Equirus Capital Private Limited, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Godavari Biorefineries IPO Red Herring Prospectus (RHP).