Godavari Biorefineries Limited IPO Details
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Godavari Biorefineries IPO opens for subscription on 23 Oct 2024 and closes on 25 Oct 2024. The IPO will be listed on NSE, BSE with the tentative listing date set for 30 Oct 2024.
Godavari Biorefineries IPO price band has been fixed at ₹334 – ₹352 per share.The face value is ₹10 per share with a lot size of 42.
Godavari Biorefineries IPO total issue size comprises 1,57,59,938 shares (aggregating up to ₹554.75 Cr). This includes a fresh issue of 92,32,955 shares (aggregating up to ₹325.00 Cr). Offer for Sale consists of 65,26,983 shares (aggregating up to ₹229.75 Cr). Pre-issue shareholding stands at 4,19,43,023, which will increase to 5,11,75,978 post-issue.
Godavari Biorefineries IPO carries a ₹5 (1.4%) GMP, reflecting investor sentiment.
Godavari Biorefineries IPO Lot Size : Retain Minimum is 1 lot (42 shares) amounting to ₹14,784. Retain Maximum is 13 lots (546 shares) amounting to ₹192,192. SHNI Minimum is 14 lots (588 shares) amounting to ₹206,976. SHNI Maximum is 67 lots (2,814 shares) amounting to ₹990,528. BHNI Minimum is 68 lots (2,856 shares) amounting to ₹1,005,312.
The Lead Managers for Godavari Biorefineries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is SBI Capital Markets Limited, Equirus Capital Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Godavari Biorefineries Limited RHP.
Godavari Biorefineries IPO Details
Godavari Biorefineries IPO Subscription
Godavari Biorefineries IPO Application Wise Breakup (Approx)
Godavari Biorefineries IPO Dates
- 23 Oct 2024Opening dateOPD
- 25 Oct 2024Closing dateCOD
- 28 Oct 2024Allotment Date BOA
- 29 Oct 2024Initiation of RefundsIOR
- 29 Oct 2024Credit of SharesCOS
- 30 Oct 2024Listing dateLID
Godavari Biorefineries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 42 | ₹14,784 |
| Retain Maximum | 13 | 546 | ₹192,192 |
| SHNI Minimum | 14 | 588 | ₹206,976 |
| SHNI Maximum | 67 | 2814 | ₹990,528 |
| BHNI Minimum | 68 | 2856 | ₹1,005,312 |
Godavari Biorefineries IPO Reservation
Promoter Holding
Godavari Biorefineries IPO Valuations
Godavari Biorefineries Financial Information
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 Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,554.62 | 1,991.66 | 1,743.52 | 1,733.54 |
| Revenue | 525.27 | 1,701.06 | 2,023.08 | 1,709.98 |
| Profit After Tax | -26.11 | 12.30 | 19.64 | 19.10 |
| Net Worth | 233.84 | 260.25 | 249.01 | 232.57 |
| Reserves and Surplus | 432.34 | 458.74 | 447.51 | 431.06 |
| Total Borrowing | 703.75 | 663.27 | 738.01 | 636.72 |
| Amount in ₹ Crore | ||||
About Godavari Biorefineries IPO
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, we employ 52 permanent research staff, including 8 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 on June 30, 2024, the company has 1,583 permanent employees out of which 437 employees are semiskilled and un-skilled.
Strength Of Godavari Biorefineries IPO
1. Prominent manufacturer of ethanol-based chemicals and one of the largest producers of ethanol in terms of volume.
2. India's largest integrated biorefinery in terms of installed capacity as of March 31, 2024.
3. Diversified product portfolio and well-established relationship with a diversified marquee customer base across industries and geographies.
4. Well-developed in-house research and development capabilities.
5. Member of the Somaiya group and experienced promoter, board of directors, key managerial personnel and senior management.
Risk Of Godavari Biorefineries IPO
1. The company depends on a few suppliers for supply of a significant portion of raw materials (excluding sugarcane). Any failures to procure such raw materials from these suppliers may have an adverse impact on its manufacturing operations and results of operations.
2. The company derives a significant portion of its revenue from a few customers and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products may adversely affect the company's business, results of operations, financial condition and cash flows.
3. The company derives a significant portion of its revenue from a few products. The company results of operations may be adversely affected if revenue from such products decline.
4. SEBI has in the past directed the Company to refund amounts received pursuant to certain allotments to Sameerwadi Sugarcane Farmers' Welfare Trust or to pro rata distribute Equity Shares, to beneficiaries of the Sameerwadi Sugarcane Farmers' Welfare Trust.
5. The company is dependent on certain third party manufacturers for the sale of products under its retail brand ivana'. Any disruption in such third party manufacturers' ability to supply these products or their failures to meet the quality standards or delivery timelines could adversely affect its business, financial condition and results of operations.
6. The company is dependent on the availability of sugarcane, molasses and feedstock for the manufacturing of its products in the sugar, distillery and cogeneration segments. Any shortage of sugarcane, molasses and feedstock may adversely affect its operations, growth prospects and results of operations.
7. There are certain outstanding legal proceedings involving the Company and some of its Promoters and Directors. Failures to defend these proceedings successfully may have an adverse effect on its business prospects, financial condition, results of ongoing operations and reputation.
8. The company has availed certain unsecured borrowings which may be recalled by its lenders at any time.
9. Its failures in maintaining the company quality accreditations and certifications may negatively impact its brand and reputation.
10. Its sugar, distillery and cogeneration segments are dependent on the availability of sugarcane which is subject to seasonal vagaries, adverse weather conditions, crop disease and pest attacks that may adversely affect crop yields impact the availability and quality of sugarcane and feedstock which may have an adverse impact on its business, financial condition and results of operations.
Objectives Godavari Biorefineries IPO
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
- General corporate purposes.
Company 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/
Registrar Contact Details
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