Godavari Biorefineries Limited IPO, GMP, Details, Price, And Review IPO Details
| 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 | 1,57,59,938 shares (aggregating up to ₹ 554.75 Cr) |
| Fresh Issue | 92,32,955 shares (aggregating up to ₹ 325 Cr) |
| Offer for Sale | 65,26,983 shares of ₹10 (aggregating up to ₹ 229.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 4,19,43,023 |
| Shareholding post issue | 5,11,75,978 |
About 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 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 |
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.
Godavari Biorefineries Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
525.27
₹ Crore
Profit After Tax
-26.11
₹ Crore
Net Worth
233.84
₹ Crore
Total Borrowing
703.75
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 1,554.62 | 525.27 | -26.11 | 233.84 | 703.75 | ||||
| 31 Mar 2024 | 1,991.66 | 1,701.06 | 12.3 | 260.25 | 663.27 | ||||
| 31 Mar 2023 | 1,743.52 | 2,023.08 | 19.64 | 249.01 | 738.01 | ||||
| 31 Mar 2022 | 1,733.54 | 1,709.98 | 19.1 | 232.57 | 636.72 | ||||
| Amount in ₹ Crore | |||||||||
Godavari Biorefineries Limited IPO, GMP, Details, Price, And Review 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 |
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Competitive Strengths
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Godavari Biorefineries Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |