Godavari Biorefineries IPO Details
The Godavari Biorefineries IPO is a book build issue with a total issue size of ₹554.75 cr, comprising of fresh issue of 9232954 equity shares., and a offer for sale of 6526983 equity shares. Godavari Biorefineries IPO opened for subscription on Oct 23, 2024 and closed on Oct 25, 2024. Godavari Biorefineries IPO is set price band at ₹334 to ₹352 per share, with a lot size of 42 shares. Minimum investment for Retail investors was ₹14,784.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 28, 2024, and listed on both the NSE and BSE on Oct 30, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Equirus Capital Private Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Godavari Biorefineries IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 334 – 352
- Lot Size
- 42
- Issue Size
- ₹554.75 Cr
- Minimum Investment
- ₹14784 (42 Shares)
- Listing Date
- 30 October 2024
Current GMP
₹5 (+1.42%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Equirus Capital Private Limited
- SBI Capital Markets Limited
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 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.
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 per share.
Godavari Biorefineries IPO lot size is 42 shares, Retail investors need a minimum investment of ₹14784 based on the upper price band
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.
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.
Godavari Biorefineries IPO issue size is ₹554.75 crores.
Godavari Biorefineries IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.