Godavari Biorefineries Ltd
Price Range
₹334 - ₹352
Min. Quantity
42
Closes on
25 October 2024
Min. investment
₹14,784/546 Shares
Godavari Biorefineries Ltd IPO Timeline
Godavari Biorefineries Limited was originally incorporated as 'Godavari Investment and Finance Corporation Limited' in Mumbai on January 12, 1956. Subsequently, the name of the Company was changed as 'Godavari Biorefineries Limited' and a fresh Certificate of Incorporation consequent upon change in name was issued by Registrar of Companies on November 10, 2006.
| Event | Date |
|---|---|
| Godavari Biorefineries Ltd IPO Opening Date | 23 October 2024 |
| Godavari Biorefineries Ltd IPO Closing Date | 25 October 2024 |
| Basis of Allotment | 28 October 2024 |
| Initiation of Refunds | 29 October 2024 |
| Credit of Shares to Demat | 29 October 2024 |
| Godavari Biorefineries Ltd IPO Listing Date | 30 October 2024 |
Godavari Biorefineries Ltd IPO Details
| Godavari Biorefineries Ltd IPO Date | 23 October 2024 to 25 October 2024 |
| Godavari Biorefineries Ltd IPO Face Value | ₹10 per share |
| Godavari Biorefineries Ltd IPO Price | ₹334 to ₹352 per share |
| Godavari Biorefineries Ltd IPO Lot Size | 42 |
| Issue Size | Shares of ₹10 (aggregating up to ₹554.75 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹325 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹229.75 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 31,45,977 of the Net Offer |
| Retail Shares Offered | Not less than 56,90,133 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 24,38,629 of the Net Offer |
| Company Promoters | Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals, Sakarwadi Trading Company Pvt |
Godavari Biorefineries Ltd IPO Lot Size
The Godavari Biorefineries Ltd IPO lot size is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹1,92,192).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 42 | ₹14,784 |
| Maximum | 13 | 546 | ₹1,92,192 |
- Strengths
- Risks
- Opportunities
- One of the manufacturers of ethanol-based chemicals in India and one of India's largest producers of ethanol in terms of volume.
- Integrated biorefinery with an installed capacity of 570 KLPD for manufacturing ethanol as at March 31, 2024.
- Diversified product portfolio and well-established relationship with a diversified marquee customer base across industries and geographies.
- Well-developed in-house research and development capabilities.
- Member of the Somaiya group and experienced promoter, board of directors, key managerial personnel and senior management.
Company Financials
Godavari Biorefineries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,987.47 | 1,689.27 | 10.56 |
| 03-2023 | 1,740.4 | 2,007.81 | 12.00 |
| 03-2022 | 1,734.03 | 1,697.67 | 16.33 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/pre-payment in full or in part of cerain borrowings availed by the company
- General corporate purposes
Godavari Biorefineries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 14.36% |
| Post Issue Share Holding | 10.79% |
Godavari Biorefineries Ltd IPO Subscription Status (Bidding Detail)
The Godavari Biorefineries Ltd IPO is subscribed 1.83 times on 25 October 2024 05:00:00 PM. The public issue subscribed 1.71 times in the retail category, 2.76 times in the QIB category, and 0.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.76 | 0.9 | 1.71 | - | 1.83 |
Godavari Biorefineries Ltd IPO Prospectus
Godavari Biorefineries Ltd IPO Listing Date
| Listing Date | 30 October 2024 |
| BSE Script | 544279 |
| NSE Symbol | GODAVARIB |
| Listing In | BSE, NSE |
| ISIN | INE497S01012 |
| IPO Price | ₹352 |
| Face Value | ₹10 |
Company Contact Information
Somaiya Bhavan 45/47 M G RoadFort,Mumbai-400001
Phone: +91 22 6170 2177
Email: investors@somaiya.com
Website: www.godavaribiorefineries.com
Godavari Biorefineries Ltd IPO Registrar
Godavari Biorefineries Ltd IPO Lead Manager(s)
- Equirus Capital Pvt Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Godavari Biorefineries Ltd IPO?
I have pre-applied for Godavari Biorefineries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.