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Godavari Biorefineries Limited IPO (Godavari Biorefineries IPO) Detail

October 23, 2024 - October 25, 2024

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 bidding started from October 23, 2024 and ended on October 25, 2024. The allotment for Godavari Biorefineries IPO was finalized on Monday, October 28, 2024. The shares got listed on BSE, NSE on 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.

Godavari Biorefineries IPO Details

IPO Date October 23, 2024 to October 25, 2024
Listing Date October 30, 2024
Face Value ₹10 per share
Price Band ₹334 to ₹352 per share
Lot Size 42 Shares
Total Issue Size15,759,938 shares
(aggregating up to ₹554.75 Cr)
Fresh Issue9,232,955 shares
(aggregating up to ₹325.00 Cr)
Offer for Sale6,526,983 shares of ₹10
(aggregating up to ₹229.75 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue41,943,023
Share holding post issue51,175,978

Godavari Biorefineries IPO Reservation

Godavari Biorefineries IPO offers 1,57,59,938 shares. 31,51,989 (20%) to QIB, 23,63,991 (15%) to NII, 55,15,978 (35%) to RII and 47,27,980 (30%) to Anchor investors.

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered47,27,980 (30%)NA
QIB Shares Offered31,51,989 (20%)NA
NII (HNI) Shares Offered23,63,991 (15%)
  bNII > ₹10L15,75,994 (10%)2,680
  sNII < ₹10L7,87,997 (5%)1,340
Retail Shares Offered55,15,978 (35%)1,31,332
Total Shares Offered1,57,59,938 (100%)

Godavari Biorefineries IPO Anchor Investors Details

Godavari Biorefineries IPO raises Rs 166.42 crore from anchor investors. Godavari Biorefineries IPO Anchor bid date is October 22, 2024. Godavari Biorefineries IPO Anchor Investors list

Bid Date October 22, 2024
Shares Offered 4,727,980
Anchor Portion Size (In Cr.) 166.42
Anchor lock-in period end date for 50% shares (30 Days) November 26, 2024
Anchor lock-in period end date for remaining shares (90 Days) January 25, 2025

Godavari Biorefineries IPO Timeline (Tentative Schedule)

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

Godavari Biorefineries IPO Lot Size

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

Godavari Biorefineries IPO Promoter Holding

The promoters of the company are Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, and Somaiya Agencies Private Limited
Share Holding Pre Issue 81.06%
Share Holding Post Issue 63.31%

About Godavari Biorefineries Limited

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 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 Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,554.621,991.661,743.521,733.54
Revenue525.271,701.062,023.081,709.98
Profit After Tax-26.1112.3019.6419.10
Net Worth233.84260.25249.01232.57
Reserves and Surplus432.34458.74447.51431.06
Total Borrowing703.75663.27738.01636.72
Amount in ₹ Crore

Key Performance Indicator

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/Equity3.01
RoNW-11.16%
P/BV6.31
PAT Margin (%)-4.97
Pre IPO Post IPO
EPS (Rs) 2.93-20.4
P/E (x) 120.04-17.25
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Godavari Biorefineries IPO Objectives)

The Company intends to utilize the Net Proceeds from the Fresh Issue towards funding the following objects (the"Objects"):
  1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and
  2. General corporate purposes.

Godavari Biorefineries IPO Review (May apply)

[Dilip Davda]  The company is the largest manufacturer of MPO worldwide and is engaged in ethanol based speciality chemicals. It suffered a setback in FY23 and FY24 following government banning ethanol production and the natural calamities during that periods. Though prima facie the IPO appears aggressively priced, considering the improved prospects following liberalized norms for ethanol production and increased ratio of around 20 for blending, the company is poised for bright prospects. Well-informed/cash surplus/risk seekers may park moderate funds for long term. Read detail review...


Godavari Biorefineries IPO Subscription Status (Bidding Detail)

The Godavari Biorefineries IPO is subscribed 1.87 times on October 25, 2024 6:19:07 PM. The public issue subscribed 1.76 times in the retail category, 2.76 times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.76
NII0.93
    bNII (bids above ₹10L)0.56
    sNII (bids below ₹10L)1.68
Retail1.76
Total1.87

Total Application : 202,779 (1.54 times)

Godavari Biorefineries IPO Prospectus

Godavari Biorefineries IPO Rating

7
1.1
Rating:Rated 1.1 stars
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Godavari Biorefineries IPO Listing Details

Listing Date October 30, 2024
BSE Script Code 544279
NSE Symbol GODAVARIB
ISIN INE497S01012
Final Issue Price ₹352 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹352.00
₹310.55
₹308.05
₹354.00
₹342.85
NSE
₹352.00
₹308.00
₹308.00
₹354.45
₹343.20

Check IPO Performance…

Godavari Biorefineries Limited 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/

Godavari Biorefineries IPO Registrar

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 - Buy or Not

Godavari Biorefineries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 2 0
Members 0 0 3

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Godavari Biorefineries IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Godavari Biorefineries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Godavari Biorefineries IPO listing date is on October 30, 2024.
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