This IPO is to be list on BSE & NSE platform on 30 October, 2024, and allotment date is on 28 October, 2024 which check Godavari Biorefineries IPO allotment status on Link Intime India Private Ltd is the registrar for this offering.
The book-running lead managers of this IPO is Equirus Capital Private Limited, SBI Capital Markets Limited. For more information check Godavari Biorefineries IPO DRHP and RHP details.
Godavari Biorefineries IPO Details
| IPO Issue Open Date: | 23 October 2024 |
| IPO Issue Close Date: | 25 October 2024 |
| IPO Issue Price Band: | ₹334 to ₹352 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹554.75 Crores | 15,759,938 shares |
| Fresh Issue: | ₹325.00 Crores | 9,232,955 shares |
| Offer for Sale: | ₹229.75.00 Crores | 6,526,983 shares |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Godavari Biorefineries IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Godavari Biorefineries IPO Dates Timeline
| Issue Open Date: | 23 October 2024 |
| Issue Close Date: | 25 October 2024 |
| Basis of Allotment Date: | 28 October 2024 |
| Refunds Initiation: | 29 October 2024 |
| Shares Credit in Demat: | 29 October 2024 |
| IPO Listing Date Detail: | 30 October 2024 |
Godavari Biorefineries IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 42 shares = ₹14,784 |
| Retail (Max) | 13 lots and 546 shares = ₹192,192 |
| HNI (Min) | 14 lots and 588 shares = ₹206,976 |
| B-HNI Minimum | 68 lots and 2,856shares = ₹1,005,312 |
Godavari Biorefineries IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| 27th Oct | ₹- | ₹- | ₹- | ₹- |
| 26th Oct | ₹5 | ₹300 | ₹- | 1% |
| 25th Oct | ₹15 | ₹500 | ₹- | 4% |
| 24th Oct | ₹- | ₹- | ₹- | -% |
| 23th Oct | ₹- | ₹– | ₹– | -% |
| 22th Oct | ₹- | ₹– | ₹– | -% |
| 21th Oct | ₹- | ₹– | ₹– | -% |
| 18th Oct | ₹- | ₹- | ₹- | -% |
About Godavari Biorefineries
Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India and as of March 31, 2024, they have the largest integrated bio-refinery in India in terms of installed capacity. They are one of India’s largest producers of ethanol in terms of volume as of March 31, 2024 (source: Frost & Sullivan Report). As of March 31, 2024, we were also the largest manufacturer of MPO worldwide in terms of installed capacity, one of only two manufacturers of natural 1,3 butylene glycol, and the only company in India to manufacture bioethyl acetate. They have also set up India’s first bio-based EVE manufacturing facility as of March 31, 2024. (source: Frost & Sullivan Report). Their diversified product portfolio comprises of bio-based chemicals, sugar, different grades of ethanol, and power. These products find application in a range of industries such as food, beverages, pharmaceuticals, flavors & fragrances, power, fuel, personal care, and cosmetics. According to the Frost & Sullivan Report, their Company has the widest portfolio of bio-based products in India.
Godavari Biorefineries IPO Strengths
- funding business development, strategic initiatives and growth opportunities;
- strengthening marketing capabilities and brand building exercises;
- funding capital expenditure towards maintenance and/or upkeep of our Manufacturing Facilities;
- meeting corporate contingencies and expenses incurred in ordinary course of business;
- funding working capital requirements and/or business requirements of our Company;
Objects of the IPO Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company;
- General corporate purposes.
Godavari Biorefineries Company Financial Report
The company reported revenue of ₹1,701.06 crores in 2024 against ₹2,023.08 crores in 2023. The company reported a profit of ₹12.30 crores in 2024 against a loss of ₹19.64 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,709.98 | ₹1,677.91 | ₹19.10 | ₹1,733.54 |
| 2023 | ₹2,023.08 | ₹1,991.33 | ₹19.64 | ₹1,743.52 |
| 2024 | ₹1,701.06 | ₹1,688.62 | ₹12.30 | ₹1,991.66 |
| June 2024 | ₹525.27 | ₹566.91 | ₹26.11 | ₹1,554.62 |
Godavari Biorefineries IPO Valuation – Key Performance Indicator
Check Godavari Biorefineries IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 4.73% |
| ROCE: | 9.53% |
| EBITDA Margin: | 8.77% |
| PAT Margin: | 0.72% |
| Debt to equity ratio: | 2.55 |
| Earning Per Share (EPS): | ₹2.93 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 4.73% |
| Net Asset Value (NAV): | ₹62.05 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Alkyl Amines Chemicals Limited | 29.13 | 78.84 | 11.75% | 247.87 | 1,440.61 Cr. |
| Jubilant Ingrevia Limited | 11.56 | 64.10 | 6.68 | 171.86 | 4,135.8 Cr. |
| Laxmi Organic Industries Limited | 4.46 | 65.11 | 6.71 | 65.18 | 2,865.01 Cr. |
| EID Parry (India) Limited | 50.68 | 16.69 | 12.75 | 397.61 | 29,413.11 Cr. |
| Triveni Engineering and Industries Limited | 18.05 | 26.06 | 13.62 | 132.52 | 6,151.4 Cr. |
| Balrampur Chini Mills Limited | 26.49 | 24.72 | 15.72 | 168.57 | 5,593.74 Cr. |
| Dalmia Bharat Sugar & Industries Limited | 33.66 | 15.83 | 9.29 | 362.27 | 2,899.37 Cr. |
| Dhampur Sugar Mills Limited | 20.27 | 11.20 | 12.21 | 168.28 | 2,646.83 Cr. |
| Dwarikesh Sugar Industries Limited | 4.44 | 17.30 | 10.16 | 43.66 | 1,709.57 Cr. |
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 Lead Manager
- Equirus Capital Private Limited
- SBI Capital Markets Limited
Godavari Biorefineries IPO allotment status check on Link Intime website. Click on Link Intime India Private Ltd to get allotment status.
Promoters of Godavari Biorefineries
- Samir Shantilal Somaiya
- Lakshmiwadi Mines
- Minerals Private Limited
- Somaiya Agencies Private Limited.
Company Address
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/