Godawari Biorefineries Limited IPO

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Diversified FMCG

Listed On: Oct 30, 2024 at ₹ 308.0(NSE)

₹ 14784 /42 Shares

Check Allotment

Price Summary

Last Closing

295.00 (-16.19%)

52 Week High

373.00

52 Week Low

288.30

Last Update

19-Nov-2024 3:30 PM

Godawari Biorefineries IPO Details

23 Oct, 2024

Open Date

25 Oct, 2024

Close Date

28 Oct, 2024

Allotment Date

30 Oct, 2024

Listing Date

Issue Price

₹334-352 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

308.0(NSE)

Listing Date

2024-10-30

Market Lot

Retail : 42 Shares (₹14,784/-)
S-HNI : 588 Shares (₹2,06,976/-)
B-HNI : 2,856 Shares (₹10,05,312/-)

Lead Manager

Equirus Capital Private Limited
SBI Capital Markets Limited

Issue 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)

Retail Portion

35% (Number of Retail Applications: 1,31,333 Approx),
(Number of S-HNI Applications : 1,430 Approx),
(Number of B-HNI Applications : 2,860 Approx)

Subscription

1.83 times

IPO Docs

DRHP RHP ANCHOR

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

Total No. of Applications: 2,01,750 (Approx)

Retail Subscription on the basis of Applications: Retail:1.53x BHNI:0.08x SHNI:1.49x times

Godawari Biorefineries Valuations

Earnings Per Share (EPS)

₹N/A/-

P/E Ratio

N/A

RoNW

N/A%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Godawari Biorefineries Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	1,991.66	1,743.52	1,733.54
Revenue	1,701.06	2,023.08	1,709.98
Profit After Tax	12.30	19.64	19.10

About The 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 - Strength and Weakness

Strength

Leading Indian ethanol producer with 380 KLPD capacity.

Expanding rectified spirits and ethanol production for fuel blending.

Plans for second-generation ethanol and speciality chemicals production.

Weakness

Heavy reliance on sugarcane and molasses for production.

Susceptible to seasonal changes, adverse weather, and crop diseases.

Government ethanol policy changes could reduce revenue.

Godawari Biorefineries - Promoter(s)

Pre Issue Share Holding: 81.06%

Post Issue Share Holding: 63.31%

Company Promoter(s)

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

Godawari Biorefineries IPO - Issue Objectives

Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
General corporate purposes.

Godawari Biorefineries IPO - Anchor Investors

Godavari Biorefineries mops up over Rs 166 crore in anchor book.

ICICI Prudential Mutual Fund, HDFC Mutual Fund, Whiteoak Capital Mutual Fund and 360 ONE Equity Opportunity Fund were the biggest anchor investors in the anchor book, buying 5.35 lakh shares worth Rs 18.85 Crore each.

Goldman Sachs, 3P India Equity Fund, Chartered Finance & Leasing (backed by ace investor Madhusudan Kela), Franklin India, Bandhan Small Cap Fund, Edelweiss, Troo Capital, SBI General Insurance Company, and Buoyant Capital AIF invested 2.55 lakh shares worth nearly Rs 9 crore each.

Other Details

Company Contact Details

Godawari Biorefineries

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

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

Godawari Biorefineries IPO - FAQs

Ans. Godawari Biorefineries Limited IPO is a Mainboard IPO. The issue is priced at ₹334-352 per equity share. The minimum order quantity is 42 Shares. The IPO opens on Oct 23, 2024, and closes on Oct 25, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Godawari Biorefineries Limited IPO opens on Oct 23, 2024 and closes on Oct 25, 2024.

Ans. The size of Godawari Biorefineries Limited IPO is 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).

Ans. The IPO price band is set between ₹334-352 per equity share.

Ans. To apply for Godawari Biorefineries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Godawari Biorefineries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Godawari Biorefineries Limited IPO is Oct 28, 2024.

Ans. The Godawari Biorefineries Limited IPO will be listed on Oct 30, 2024.

Ans. Follow the steps to check the allotment status for Godawari Biorefineries Limited IPO here.