Admin
18 October 2024

Godavari Biorefineries Limited IPO, GMP, Details, Price, And Review

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. The company's product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power.

These products are used in food, beverages, pharmaceuticals, flavors and fragrances, power, fuel, personal care, and cosmetics. 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.

Godavari Biorefineries IPO Overview

● Issue Size: ₹554.75 crores
○ Fresh Issue: 0.92 crore shares (₹325.00 crores)
○ Offer for Sale: 0.65 crore shares (₹229.75 crores)
Subscription Dates:
○ Open: October 23, 2024
○ Close: October 25, 2024
Price Band: ₹334 to ₹352 per share
Minimum Lot Size: 42 shares
● Lead Managers:
○ Equirus Capital Private Limited
○ SBI Capital Markets Limited
Registrar: Link Intime India Private Ltd

Godavari Biorefineries Limited IPO And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Godavari Biorefineries Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
	352	-

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Godavari Biorefineries IPO Overview

Detail	Description
IPO Date	October 23, 2024 to October 25, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹334 to ₹352 per share
Lot Size	42 Shares
Total Issue Size	15,759,938 shares (aggregating up to ₹554.75 Cr)
Fresh Issue	9,232,955 shares (aggregating up to ₹325.00 Cr)
Offer for Sale	6,526,983 shares of ₹10 (aggregating up to ₹229.75 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre issue	41,943,023
Shareholding post issue	51,175,978

Godavari Biorefineries IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Wednesday, October 23, 2024
IPO Close Date	Friday, October 25, 2024
Basis of Allotment	Monday, October 28, 2024
Initiation of Refunds	Tuesday, October 29, 2024
Credit of Shares to Demat	Tuesday, October 29, 2024
Listing Date	Wednesday, October 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 25, 2024

Godavari Biorefineries IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	42	₹14,784
Retail (Max)	13	546	₹192,192
S-HNI (Min)	14	588	₹206,976
S-HNI (Max)	67	2,814	₹990,528
B-HNI (Min)	68	2,856	₹1,005,312

Godavari Biorefineries Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Godavari Biorefineries IPO Promoter Holding

Share Holding Pre Issue	81.06%
Share Holding Post Issue	63.31%

Godavari Biorefineries Limited Financial Information

Period Ended	30 June 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

Key Performance Indicator

KPI	Values
ROE	-11.16%
ROCE	-2.35%
Debt/Equity	3.01
RoNW	-11.16%
P/BV	6.31
PAT Margin (%)	-4.97

	Pre IPO	Post IPO
EPS (Rs)	2.93	-20.4
P/E (x)	120.04	-17.25

Objectives of Godavari Biorefineries IPO

The Company intends to utilize the Net Proceeds from the Fresh Issue towards funding the following objectives:

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.

2. General corporate purposes.

FAQs for Godavari Biorefineries IPO

What is Godavari Biorefineries IPO?

Godavari Biorefineries IPO is a main-board IPO. The company is going to raise ₹554.75 Crores via IPO. The issue is priced at ₹334 to ₹352 per equity share. The IPO is to be listed on BSE & NSE.
When will the Godavari Biorefineries IPO open for subscription?

The IPO is to open on October 23, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 25, 2024.
What is Godavari Biorefineries IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Godavari Biorefineries IPO Issue Size?

Godavari Biorefineries IPO issue size is ₹554.75 crores.
What is Godavari Biorefineries IPO Price Band?

Godavari Biorefineries IPO Price Band is ₹334 to ₹352.
What is Godavari Biorefineries IPO Lot Size?

The minimum bid is 42 Shares with ₹14,784 amount.
What is the Godavari Biorefineries IPO Allotment Date?

Godavari Biorefineries IPO allotment date is October 28, 2024.
What is the Godavari Biorefineries IPO Listing Date?

Godavari Biorefineries IPO listing date is October 30, 2024. The IPO is to be listed on BSE & NSE.
What is Godavari Biorefineries' current GMP?

The current GMP of the Godavari Biorefineries is ---.