Godawari Biorefineries
Mainboard₹14,784 / 42 Shares
Godawari Biorefineries IPO Details
The Godawari Biorefineries IPO price band is set between ₹334-352 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Oct, 2024 and closes on 25 Oct, 2024. Investors can check the allotment status on 28 Oct, 2024, while the listing date is tentatively scheduled for 30 Oct, 2024.
The total issue size is Total ₹554.75 Cr :#Fresh Issue : 9,232,955 shares, aggregating up to ₹325 Cr. Stay tuned for the latest Godawari Biorefineries IPO review and GMP updates.
Godawari Biorefineries IPO Review, Rating & Analysis
Godawari Biorefineries IPO Review
NO REVIEWGodawari Biorefineries IPO Rating
Godawari Biorefineries IPO Highlights
IPO Date
Oct 23, 2024 - Oct 25, 2024
Listing Date
30 Oct, 2024
Face Value
₹10 Per Equity Share
Price Band
₹334-352 per equity share
Lot Size
42 Shares
Fresh Issue
9,232,955 Shares
Offer for Sale
6,526,983 shares of ₹10
Listing At
BSE, NSE
Godawari Biorefineries IPO Lot Size
The minimum market lot for Godawari Biorefineries IPO is 42 shares with an application amount of ₹14,784. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,784 |
| Retail (Max) | 13 | 546 | ₹1,92,192 |
| S-HNI (Min) | 14 | 588 | ₹2,06,976 |
| S-HNI (Max) | 67 | 2814 | ₹9,90,528 |
| B-HNI (Min) | 68 | 2856 | ₹10,05,312 |
Godawari Biorefineries IPO Timeline
Issue Price
₹334-352 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Equirus Capital Private LimitedSBI Capital Markets LimitedIssue Size
Total ₹554.75 Cr :#Fresh Issue : 9,232,955 shares(aggregating up to ₹325 Cr) +
#OFS : 6,526,983 shares of ₹10(aggregating up to ₹229.75 Cr)
Godawari Biorefineries IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 1991.66 | 1701.06 | 12.30 | 260.25 | 458.74 | 663.27 |
| 31 Mar 23 | 1743.52 | 2023.08 | 19.64 | 249.01 | 447.51 | 738.01 |
| 31 Mar 22 | 1733.54 | 1709.98 | 19.10 | 232.57 | 431.06 | 636.72 |
All values are in ₹ Cr.
Godawari Biorefineries IPO Valuations
EPS Pre IPO
₹2.93/-EPS Post IPO
-₹20.40/-PE Pre IPO
120.04PE Post IPO
-17.25ROE
-11.16%ROCE
-2.35%Debt Equity
3.01RoNW
-11.16%PAT Margin
-4.97Price to Book Value
6.31Promoters & Share Holding
Promoter(s) Name
- Samir Shantilal Somaiya
- Lakshmiwadi Mines and Minerals Private Limited
- Somaiya Agencies Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 81.06% | 63.31% |
About Company
Godavari Biorefineries Limited incorporated in 1956 is India's leader in the production of chemicals based on ethanol. The company emphasizes continuous innovation towards a sustainable future and houses one of India's most sophisticated integrated biorefineries, with a 570 KLPD ethanol production capacity as of June 30, 2024.
Worldwide Leader in Bio-based Innovation:World's largest manufacturer of MPO based on installed capacity as of March 31, 2024
One of only two manufacturers worldwide of natural 1,3-Butanediol.
India's only manufacturer of bio-ethyl acetate, giving it a niche in the market.
Diverse Product Profile : Godavari Biorefineries Limited operates on an extensive product profile. Its products include:Bio-based chemicals,Sugar and various types of ethanol,Generation of electricity
It is used by various industries, such as:
Food & Beverages
Pharmaceuticals
Flavours and Fragrances
Personal Care & Cosmetics
Power and Fuel
Adherence to Research & Innovation
Three research and development establishments, registered with DSIR, located at:
Sakarwadi Manufacturing Facility
Sameerwadi Manufacturing Facility
Navi Mumbai, Maharashtra
Godavari Biorefineries Limited has 52 permanent research staff, of which 8 are PhD-holding scientists. The company has so far registered 53 product and process registrations in different countries. It currently has 18 patents, as of October 2024.
International footprint & Elite Customer Base:Godavari Biorefineries Limited serves customers over 20+ countries including Australia, China, Germany, France, Italy, Japan, Kenya, United States, and others.
Major Customers:
Hershey India Pvt Ltd
Hindustan Coca-Cola Beverages Pvt Ltd
LANXESS India Pvt Ltd
IFF Inc.
Escorts Chemical Industries
M/s Karnataka Chemical Industries
Company has its operations in two prime manufacturing locations:
Bagalkot, Karnataka
Ahmednagar, Maharashtra
Talented Workforce
Godavari Biorefineries Limited has 1,583 permanent employees as on 30 June, 2024, consisting of 437 semiskilled and unskilled workers, who ensure that the activities carry out the works process and, therefore, the output quality.
Godawari Biorefineries IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,151,989 | 2,363,991 1,575,994 787,997 | 5,515,978 | 11,031,958 |
Day 1 -23-10-24 05:00 PM | 0.00 x | 0.12 0.06 x 0.25 x | 0.52 x | 0.29 x |
Day 2 -24-10-24 05:00 PM | 0.00 x | 0.26 0.11 x 0.55 x | 0.96 x | 0.54 x |
Day 3 -25-10-24 05:00 PM | 2.76 x | 0.90 0.54 x 1.62 x | 1.70 x | 1.83 x |
Retail:1.53x
BHNI:0.08x
SHNI:1.49x times
Company Contact Details
Godawari Biorefineries
Somaiya Bhavan, 45/47, M.G. Road, Fort, Mumbai - 400001Registrar Contact Details
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
Frequently Asked Questions about Godawari Biorefineries IPO
When will Godawari Biorefineries IPO open for subscription?
The Godawari Biorefineries IPO opens on 23 Oct, 2024 and closes on 25 Oct, 2024.
What is the investors portion for Godawari Biorefineries IPO?
The investors' portion for QIB is 2.76 x, NII is 0.54 x, and Retail is 1.70 x.
How to apply for Godawari Biorefineries IPO?
You can apply for Godawari Biorefineries IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Godawari Biorefineries IPO?
The issue size of Godawari Biorefineries IPO is approx ₹Total ₹554.75 Cr :#Fresh Issue : 9,232,955 shares(aggregating up to ₹325 Cr) +#OFS : 6,526,983 shares of ₹10(aggregating up to ₹229.75 Cr) crores.
What is the price band of Godawari Biorefineries IPO?
The price band for Godawari Biorefineries IPO is ₹334 to ₹352 per equity share.
What is the lot size of Godawari Biorefineries IPO?
The minimum bid (lot size) for Godawari Biorefineries IPO is N/A shares with an investment of approx ₹14,784 .
What is the allotment date of Godawari Biorefineries IPO?
The allotment date for Godawari Biorefineries IPO is 28 Oct, 2024.
What is the listing date of Godawari Biorefineries IPO?
The listing date for Godawari Biorefineries IPO is expected to be 30 Oct, 2024.
What is the GMP of Godawari Biorefineries IPO?
The latest Grey Market Premium (GMP) for Godawari Biorefineries IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.