Godavari Biorefineries Limited

Godavari Biorefineries Limited

Oct 23, 2024 - Oct 25, 2024

Godavari Biorefineries Limited IPO Details

Mainline

Status

listed

Issue Price

₹334.00 - ₹352.00

Lot Size

42 Shares

Subscription

1.87 times

Listing Price

₹308 (-12.5%)

Face Value

₹10 Per share

Issue Size

Approx ₹554.75 Cr

Fresh Issue

Approx ₹325 Cr

Total Shares Offered

Approx ₹229.75 Cr

Retail Quota

35%

QIB Quota

50%

HNI Quota

15%

Retail Approx

-

S-HNI Approx

-

B-HNI Approx

-

Issue Type

Book Built Issue IPO

Listing On

BSE, NSE

Registrar

Link Intime India Private Ltd

NSE Code

GODAVARIB

BSE Code

544279

Documents Links

IPO Tentative Timetable

Open Date
Wed Oct 23 2024
Close Date
Fri Oct 25 2024
Allotment Date
Mon Oct 28 2024
Refunds Initiation
Tue Oct 29 2024
Demat Transfer
Tue Oct 29 2024
Listing Date
Wed Oct 30 2024

Valuation

Earning Per Share (EPS)

₹2.93

Price/Earning P/E Ratio

-

Return on Net Worth (RoNW)

4.73%

Net Asset Value (NAV)

₹62.05

Promoters

Pre issue Share Holding

81.06%

Post issue Share Holding

63.31%

Company Promoters

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

Lead Managers

Equirus Capital Private Limited

SBI Capital Markets Limited

Live Subscription

DateQIBNIIRetailTotal
Oct 23, 20240.000.120.520.29
Oct 24, 20240.000.271.000.56
Oct 25, 20242.760.931.761.87

Lot Size

ApplicationLotsSharesAmount
Retail (Min)142₹14,784
Retail (Max)13546₹192,192
S-HNI (Min)14588₹206,976
S-HNI (Max)672,814₹990,528
B-HNI (Min)682,856₹1,005,312

Key Performance Indicator

KPIValues
ROE-11.16%
ROCE-2.35%
Debt/Equity3.01
RoNW-11.16%

IPO Reservation

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered47,27,980 (30%)NA
QIB Shares Offered31,51,989 (20%)NA
NII (HNI) Shares Offered23,63,991 (15%)-
bNII > ₹10L15,75,994 (10%)2,680
sNII < ₹10L7,87,997 (5%)1,340
Retail Shares Offered55,15,978 (35%)1,31,332
Total Shares Offered1,57,59,938 (100%)-

Company Financial

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,554.621,991.661,743.521,733.54
Revenue525.271,701.062,023.081,709.98
Profit After Tax-26.1112.3019.6419.10
Net Worth233.84260.25249.01232.57
Reserves and Surplus432.34458.74447.51431.06
Total Borrowing703.75663.27738.01636.72

About Company

Incorporated in 1956, Godavari Biorefineries Limited is a leading Indian manufacturer of ethanol-based chemicals. As of June 30, 2024, the company operates an integrated biorefinery with an ethanol production capacity of 570 KLPD. By March 31, 2024, it had become the world's largest producer of MPO by installed capacity. Godavari Biorefineries is one of only two global manufacturers of natural 1,3-butanediol and the sole producer of bio-ethyl acetate in India.

Its product portfolio spans bio-based chemicals, sugar, various ethanol grades, and power, which are supplied to industries such as food, beverages, pharmaceuticals, flavors and fragrances, power, fuel, personal care, and cosmetics. The company maintains three research and development facilities, registered with the Department of Scientific and Industrial Research (DSIR), located at its Sakarwadi and Sameerwadi manufacturing plants and in Navi Mumbai, Maharashtra. As of June 30, 2024, it employs 52 permanent research staff, including eight PhD scientists.

As of October 2024, Godavari Biorefineries has secured 18 patents and 53 product/process registrations across multiple countries. The company serves notable clients such as Hershey India Pvt Ltd, Hindustan Coca-Cola Beverages Private Limited, LANXESS India Private Limited, and others, supplying to over 20 countries, including Australia, China, Germany, the United States, and Japan.

The company operates two manufacturing plants—one in Bagalkot, Karnataka, and another in Ahmednagar, Maharashtra. As of June 30, 2024, it employed 1,583 permanent staff, including 437 semiskilled and unskilled workers.
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Company Contact

godavari biorefineries limited 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

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