Godavari Biorefineries Ltd. IPO

Q: What is the size of Godavari Biorefineries Ltd. IPO?

The size of the Godavari Biorefineries Ltd. IPO is &#8377;554.75 Cr.

Q: What is the price range of Godavari Biorefineries Ltd. IPO?

The price range of Godavari Biorefineries Ltd. IPO is at &#8377;334 to &#8377;352 per share.

Q: What is the minimum investment and lot size required for the Godavari Biorefineries Ltd. IPO?

The minimum investment required is &#8377;14,784 and minimum lot size is 42 shares.

Godavari Biorefineries Ltd., established in 1956, operates in the Chemicals - Organic - Others sector. The company's IPO opened on October 23, 2024 and closed on October 25, 2024, with an issue price ... Read more

Min Investment

₹ 14,784 / 42 shares

Price Range

₹334 - ₹ 352

Bidding Dates

23 Oct '24 - 25 Oct '24

Total Issue Value

554.75 Cr

Lot Size

Total Issue Size

554.75 Cr

Listing At

BSE, NSE

Subscription

1.64 times

BSE Price

314.10 (-10.77%)

NSE Price

314.90 (-10.54%)

IPO Timeline

23 Oct 2024

Bidding Starts
25 Oct 2024

Bidding Ends
28 Oct 2024

Allotment Finalization
30 Oct 2024

Listing

About Godavari Biorefineries Ltd.

We are one of the manufacturers of ethanol based chemicals in India. We are one of India’s largest producers of ethanol in terms of volume as of March 31, 2024 (source: Frost & Sullivan Report). Our diversified product portfolio comprises of bio-based chemicals, sugar, different grades ... Read more

Parent organisation

Founded

Godavari Biorefineries Ltd.

1956

Godavari Biorefineries Ltd. IPO Reservation

Investors Category	Shares Offered
Anchor Investors	47,27,981 (30%)
Non Institutional Investors	23,63,991 (15%)
Qualified Institutional Buyers (QIBs)	31,51,988 (20%)
Retail Individual Investors (RIIs)	55,15,978 (35%)

Godavari Biorefineries Ltd. Financial Information

Year End	Revenue	PAT	Reserves & Surplus
31 Mar 2024	1,689.27 Cr	10.56 Cr	452.44 Cr
31 Mar 2023	2,008.36 Cr	12.55 Cr	442.45 Cr
31 Mar 2022	1,697.67 Cr	16.33 Cr	432.33 Cr

Godavari Biorefineries Ltd. Background

Major Events And Milestones

1940

Commencement of business in the manufacture and sale of sugar by The Godavari Sugar Mills Limited
1962

Commencement of production and sale of denatured and rectified spirit
Commenced the production of chemicals namely acetic acid
1973

Commencement of manufacture of sugar at Sameerwadi Manufacturing Facility
1985

Commencement of manufacture of alcohol from molasses at Sameerwadi Manufacturing Facility
1993

Consent to set up an ethyl acetate plant at the Sakarwadi Manufacturing Facility
2003

Amalgamation of Somaiya Organo-Chemicals Limited with The Godavari Sugar Mills Limited, with an appointed date of April 1, 2001.
2004

Consent to manufacture of crotonaldehyde
2005

Receipt of ISO 9001:2000 certification for the Sakarwadi Manufacturing Facility for the manufacturing, and marketing of ethyl alcohol, acetaldehyde, acetic acid, ethyl acetate and sorbic acid
2008

Received environmental clearance for expansion of the distillery unit at the Sameerwadi Manufacturing Facility with capacity to manufacture 200 KLPD of rectified spirits and 150 KLPD of fuel ethanol
2009

Incorporation of foreign wholly owned Subsidiary, Cayuga Investments B.V. in Netherlands and two step-down Subsidiaries, Godavari Biorefineries B.V. in Netherlands and Godavari Biorefineries Inc., in United States of America
2010

The sugar, power, chemical and distillery business of The Godavari Sugar Mills Limited, a member of the Somaiya group, was demerged into our Company on April 21, 2009 with an appointed date of April 1, 2008
2011

Consent from Karnataka State Pollution Control Board for manufacturing 200 KLPD rectified spirits and 140 KLPD of extra neutral alcohol at the Sameerwadi Manufacturing Facility
2014

Launch of brand “Jivana” in the retail market and introduced Jivana sugar and salt 2015 Investment by Mandala Capital AG Limited in our Company
2016

Commencement of manufacturing and sale of chemicals such as MPO and 1,3 butylene glycol at Sakarwadi Manufacturing Facility
2017

Receipt of ISO 9001:2008 certification for the Manufacturing Facilities for marketing, manufacturing and supply of acetaldehyde, ethyl alcohol, ethyl acetate, crotonaldehyde, MPO, 1,3 BG and paraldehyde
2019

Receipt of RC 14001:2015 and ISO 14001:2015 certification for the Sakarwadi Manufacturing Facility for the manufacturing and sales of alcohol base chemicals and specialty chemicals
2021

Receipt of environmental clearance for expansion of distillery capacity from 320 KLPD to 400 KLPD at the Sameerwadi Manufacturing Facility
2022

Receipt of environmental clearance for expansion of ethanol capacity from 400 KLPD to 600 KLPD using sugarcane syrup and for the expansion of sugarcane crushing capacity from 15,000 TCD to 20,000 TCD at the Sameerwadi Manufacturing Facility
Receipt of environmental clearance for expansion of distillery capacity from 400 KLPD to 600 KLPD at the Sameerwadi Manufacturing Facility and for manufacturing a wider range of speciality chemicals including 1,3 BG, cellulose, EVE, lignosulphonate and bio-composite
2023

Receipt of consent to operate from the Maharashtra Pollution Control Board in relation to manufacture of certain additional bio-based chemicals at the Sakarwadi Manufacturing Facility
2024

Receipt of environmental clearance for expansion of distillery capacity from 600 KLPD to 1,000 KLPD using sugarcane syrup or 400 KLPD to 600 KLPD using B heavy molasses or 320 KLPD to 400 KLPD using C heavy molasses and 200 KLPD grain based/ sugarbeet as raw material to produce ethanol and to enhance captive power plant from 14 MW to 22 MW and expansion of sugarcane crushing capacity from 20,000 TCD to 25,000 TCD

Godavari Biorefineries Ltd. Object of Issues

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

Godavari Biorefineries Ltd. IPO Listing Details

Listing Date

30 Oct 2024

BSE Script Code

GODAVBIO

NSE Symbol

GODAVBIO

ISIN

INE497S01012

Final Issue Price

₹ 352

Godavari Biorefineries Ltd. Listing Day Trading Information

Pricing Details	BSE	NSE
Issue Price	₹ 352.00	₹ 352.00
Open	₹ 310.55	₹ 308.00
Low	₹ 308.05	₹ 308.00
High	₹ 354.00	₹ 354.45
Last Trade	₹ 342.85	₹ 343.20

Godavari Biorefineries Ltd. Company Promoters

1. Samir Shantilal Somaiya
2. Lakshmiwadi Mines and Minerals Private Limited
3. Sakarwadi Trading Company Private Limited
4. Somaiya Agencies Private Limited

Industry Overview

The bio-based chemicals market has been growing exponentially owing to the increasing need for environmentally sustainable solutions. The global market for bio-based chemicals in 2023 was valued at USD 97.2 billion and has grown at a CAGR of 10.4% from 2017-23.

Godavari Biorefineries Ltd. IPO Registrar

Link Intime India Pvt. Ltd.

C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (West), Mumbai Maharashtra - 400083

8108114949

Godavari Biorefineries Ltd. IPO Lead Manager(s)

SBI Capital Markets Ltd.

1501, 15th floor, A&B Wing Parinee Crescenzo, G Block, Bandra Kurla Complex, Bandra (East), Mumbai Maharashtra - 400051

40069807

FAQs

When does Godavari Biorefineries Ltd. IPO opens and closes?

Godavari Biorefineries Ltd. IPO opens from 23rd October to 25th October 2024.

What is the size of Godavari Biorefineries Ltd. IPO?

The size of the Godavari Biorefineries Ltd. IPO is ₹554.75 Cr.

What is the price range of Godavari Biorefineries Ltd. IPO?

The price range of Godavari Biorefineries Ltd. IPO is at ₹334 to ₹352 per share.

What is the minimum investment and lot size required for the Godavari Biorefineries Ltd. IPO?

The minimum investment required is ₹14,784 and minimum lot size is 42 shares.

When is Godavari Biorefineries Ltd. IPO listing date?

The Godavari Biorefineries Ltd. IPO will be listed on 30th October 2024.

What is the objective of Godavari Biorefineries Ltd. IPO?

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

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