Godavari Biorefineries IPO Date, Review, Price, Allotment Details

Godavari Biorefineries IPO is opening for subscription on October 23, 2024, and closing on October 25, 2024. This Main-board IPO aims to raise ₹554.75 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Godavari Biorefineries IPO is fixed at ₹334 – ₹352 per Share, with a market lot of 42 Shares.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Godavari Biorefineries IPO Allotment will done on October 28, 2024, and Godavari Biorefineries IPO listing date is October 30, 2024.

 

Godavari Biorefineries Company Profile

Godavari Biorefineries Limited (GBL) is one of India’s leading producers of ethanol and ethanol-based chemicals. With a diversified portfolio of bio-based products, the company has established itself as a significant player in the renewable energy and bio-based chemical industries. It is recognized for its commitment to sustainability and innovation, offering the largest range of bio-based products in India.

Company History and Background

Godavari Biorefineries was founded in 1939 as a sugar manufacturing company and has since evolved into a diversified biorefinery business. It is a part of the Somaiya Group, which has interests in various sectors, including agriculture, chemicals, and renewable energy. Over the years, GBL has expanded its operations to include the production of sugar, ethanol, and other value-added chemicals, making it a pioneer in the field of integrated biorefineries.

Core Business Segments

GBL operates primarily in the following segments:

1. Ethanol Production:
   • Godavari Biorefineries is a major ethanol producer in India. It produces ethanol from sugarcane molasses, and its ethanol is used for blending with petrol as part of the Indian government’s ethanol blending program. This not only supports energy independence but also contributes to reducing carbon emissions.
2. Bio-based Chemicals:
   • The company is a leader in manufacturing ethanol-based chemicals. These chemicals serve as intermediates for a variety of industries, including pharmaceuticals, agrochemicals, food and beverages, cosmetics, and personal care. The portfolio includes organic acids, solvents, and other high-value-added chemicals.
3. Sugar Production:
   • GBL continues to produce sugar, which serves as a raw material for its ethanol and chemical production. The sugar business remains a key component of its integrated biorefinery model, providing a steady supply of molasses.
4. Renewable Energy and Bio-Chemicals:
   • Godavari Biorefineries is also involved in producing renewable energy through its cogeneration facilities, which utilize bagasse (a by-product of sugar production) to generate electricity. This supports the company’s goal of achieving a sustainable and self-sufficient energy model.

Research and Development (R&D)

GBL has been committed to research and development, focusing on enhancing its bio-based product portfolio and improving process efficiencies. Over the fiscal years:

• FY2021: The company invested ₹149.89 million in R&D.
• FY2020: R&D expenditure was ₹148.40 million.
• FY2019: The investment stood at ₹131.65 million.

The R&D efforts have allowed GBL to consistently introduce innovative products and processes, strengthening its position in the bio-based products market.

 

Godavari Biorefineries IPO GMP

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Godavari Biorefineries IPO Objectives

The funds raised through the IPO will be utilized for:

1. Repayment/Prepayment of Borrowings: To repay certain outstanding loans.
2. General Corporate Purposes: To support general business growth and operations.

 

Godavari Biorefineries IPO Key Details

• Godavari Biorefineries IPO Open Date: October 23, 2024
• Godavari Biorefineries IPO Close Date: October 25, 2024
• Godavari Biorefineries IPO Size: Approximately ₹554.75 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Godavari Biorefineries IPO Price Band: ₹334 – ₹352 per Equity Share
• Godavari Biorefineries IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Market Lot Details:

• Minimum Lot Size: 42 shares for ₹14,784
• Maximum Lot Size for Retail Investors: 546 shares for ₹192,192
• S-HNI Minimum Lot: 588 shares for ₹206,976
• B-HNI Minimum Lot: 2,856 shares for ₹1,005,312

 

Godavari Biorefineries IPO Timeline

• Godavari Biorefineries IPO Open Date: October 23, 2024
• Godavari Biorefineries IPO Close Date: October 25, 2024
• Basis of Allotment: October 28, 2024
• Refunds: October 29, 2024
• Credit to Demat Account: October 29, 2024
• Godavari Biorefineries IPO Listing Date: October 30, 2024

 

How to Apply for Godavari Biorefineries IPO

Investors can apply for the Godavari Biorefineries IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Godavari Biorefineries Financial Performance (in Crores)

 

Godavari Biorefineries Valuation FY2023

• Return on Equity (ROE): 4.73%
• Return on Capital Employed (ROCE): 9.53%
• EBITDA Margin: 8.77%
• Profit After Tax (PAT) Margin: 0.72%
• Debt to Equity Ratio: 2.55
• Earnings Per Share (EPS): ₹2.93 (Basic)
• Return on Net Worth (RoNW): 4.73%
• Net Asset Value (NAV): ₹62.05

 

Godavari Biorefineries Peer Group

 

Godavari Biorefineries Company Promoters

• Samir Shantilal Somaiya
• Lakshmiwadi Mines and Minerals Private Limited
• Somaiya Agencies Private Limited

 

Godavari Biorefineries IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: godavari.ipo@linkintime.co.in

Godavari Biorefineries IPO Allotment Status Check

• Check the Godavari Biorefineries IPO allotment status on the Link Intime Indiawebsite.

 

Godavari Biorefineries IPO Allotment Link

• Check the Godavari Biorefineries IPO allotment on the Check ipo Allotment website.

 

Godavari Biorefineries IPO Lead Managers (Merchant Bankers)

• SBI Capital Markets Limited
• Equirus Capital Private Limited

Godavari Biorefineries Company Address

Somaiya Bhavan
45/47 M.G. Road Fort
Mumbai,Maharashtra-400001 India
Website: https://www.godavaribiorefineries.com/
Phone: +91 22 6170 2177
Email: investors@somaiya.com

Godavari Biorefineries IPO FAQs

What is Godavari Biorefineries IPO?

Godavari Biorefineries IPO is a Main-board IPO. They are going to raise ₹554.75 Crores via IPO. The issue is priced at ₹334 – ₹352 per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Godavari Biorefineries IPO open?

The IPO is to open on October 23, 2024, for NII, and Retail Investors.

 

What is Godavari Biorefineries IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Godavari Biorefineries IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Godavari Biorefineries IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Godavari Biorefineries IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Godavari Biorefineries IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Godavari Biorefineries IPO Size?

Godavari Biorefineries IPO size is ₹554.75 Crores.

 

What is Godavari Biorefineries IPO Price Band?

Godavari Biorefineries IPO Price Band is ₹334 – ₹352 per equity share.

 

What is Godavari Biorefineries IPO Minimum and Maximum Lot Size?

The IPO bid is 42 Shares with ₹14,784.

 

What is Godavari Biorefineries IPO Allotment Date?

Godavari Biorefineries IPO allotment date is October 28, 2024.

 

What is Godavari Biorefineries IPO Listing Date?

Godavari Biorefineries IPO listing date is October 30, 2024. The IPO to list on NSE & BSE.