The Godavari Biorefineries IPO will open on October 23, 2024, and close on October 25, 2024. This IPO follows the Book Built Issue method, aiming to raise approximately ₹554.75 crores, comprising a fresh issue of ₹325.00 crores and an offer for sale (OFS) of up to 6,526,983 equity shares with a face value of ₹10 each. The price band is set between ₹334 and ₹352 per share, with 35% allocated to retail investors, 50% to Qualified Institutional Buyers (QIBs), and 15% to High Net-worth Individuals (HNIs).
The allotment will be finalized on October 28, 2024, and the shares are expected to list on BSE and NSE on October 30, 2024. In terms of financial performance, the company reported a revenue of ₹1,701.06 crores in 2024, down from ₹2,023.08 crores in 2023. Similarly, profit declined to ₹12.30 crores in 2024 from ₹19.64 crores the previous year. Given the company’s financial trajectory and market positioning, investors may find value in this IPO as a long-term investment opportunity.
Godavari Biorefineries IPO Date & Price Band Details:
| IPO Open Date: | October 23, 2024 |
| IPO Close Date: | October 25, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹334 to ₹352 Per Share |
| Issue Size: | Approx ₹554.75 Crores |
| Fresh Issue: | Approx ₹325.00 Crores |
| Offer for Sale: | Approx 6,526,983 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Godavari Biorefineries IPO Objectives:
The Company intends to utilize the Net Proceeds from the Fresh Issue towards funding the following objects (the”Objects”):
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and
- General corporate purposes.
Godavari Biorefineries IPO Review (Apply or Not)
- May Apply
Godavari Biorefineries IPO Lot Size:
The Godavari Biorefineries IPO has a minimum market lot of 42 shares, requiring an application amount of ₹14,784. Retail investors can apply for a maximum of 13 lots, amounting to 546 shares or an investment of ₹192,192.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 42 | ₹14,784 |
| Retail Maximum | 13 | 546 | ₹192,192 |
| S-HNI Minimum | 14 | 588 | ₹206,976 |
| B-HNI Minimum | 68 | 2,856 | ₹1,005,312 |
Godavari Biorefineries IPO Timeline:
The Godavari Biorefineries IPO will open on October 23, 2024, and close on October 25, 2024. The allotment will be finalized on October 28, 2024, with the shares set to list on the BSE and NSE on October 30, 2024.
| IPO Open Date: | October 23, 2024 |
| IPO Close Date: | October 25, 2024 |
| Basis of Allotment: | October 28, 2024 |
| Refunds: | October 29, 2024 |
| Credit to Demat Account: | October 29, 2024 |
| IPO Listing Date: | October 30, 2024 |
Promoters of Godavari Biorefineries IPO
The promoters of the company are Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, and Somaiya Agencies Private Limited.
About Godavari Biorefineries IPO
Godavari Biorefineries Limited is a leading producer of ethanol and a pioneer in manufacturing ethanol-based chemicals in India. The company offers the largest portfolio of biobased products in the country. Over the years, it has significantly invested in research and development, with ₹149.89 million in FY 2021, ₹148.40 million in FY 2020, and ₹131.65 million in FY 2019. Its operational revenue has shown consistent growth, rising by 18.62% in 2021, 16.94% in 2022, and 22.53% in 2023.
The company’s IPO comprises a fresh issue of ₹325 crores and an Offer for Sale (OFS) of 0.65 crore shares.
Godavari Biorefineries IPO Company Financial Report
The company reported revenue of ₹1,701.06 crores in 2024 against ₹2,023.08 crore in 2023. The company reported a profit of ₹12.30 crores in 2024 against a profit of ₹19.64 crores in 2023.
Amount ₹ in Crores
| 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 – FY2024
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
| 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
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Private Limited
- SBI Capital Markets 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/
Godavari Biorefineries IPO FAQs
What is Godavari Biorefineries IPO?
Godavari Biorefineries IPO is a mainboard IPO through which the company aims to raise ₹554.75 crores. The issue is priced in the range of ₹334 to ₹352 per equity share, with the shares to be listed on both the BSE and NSE.
When will Godavari Biorefineries IPO open for subscription?
The IPO will open on October 23, 2024, and will be available for subscription until October 25, 2024 for QIBs, NIIs, and retail investors.
What is the investor allocation in the Godavari Biorefineries IPO?
The IPO allocation is divided as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How to apply for Godavari Biorefineries IPO?
You can apply for the IPO using ASBA (Application Supported by Blocked Amount) through your bank account. Alternatively, you can apply via UPI through your stockbroker’s platform or fill out an offline application form through your broker.
What is the size of the Godavari Biorefineries IPO?
The total issue size of the IPO is ₹554.75 crores.
What is the price band for the Godavari Biorefineries IPO?
The price band is set between ₹334 and ₹352 per equity share.
What is the lot size for Godavari Biorefineries IPO?
The minimum market lot is 42 shares, requiring an investment of ₹14,784.
When will the Godavari Biorefineries IPO allotment be finalized?
The allotment will be finalized on October 28, 2024.
When will the Godavari Biorefineries IPO list on the stock exchanges?
The IPO is scheduled to list on the BSE and NSE on October 30, 2024.
