| Godavari Biorefineries IPO Analysis | Godavari Biorefineries IPO Subscription | Godavari Biorefineries IPO Recommendations | Godavari Biorefineries IPO Allotment Status |
Godavari Biorefineries IPO Description – Godavari Biorefineries is a prominent manufacturer of ethanol-based chemicals in India, operating an integrated bio-refinery with an installed capacity of 570 KLPD for ethanol production as of 30 June 2024. The company ranks among India’s largest ethanol producers by volume, achieving significant production milestones as of 31 March 2024. As of 31 March 2024, Godavari Biorefineries was recognized as the largest manufacturer of MPO worldwide based on installed capacity. The company is one of only two global producers of natural 1,3 butylene glycol and the sole manufacturer of bioethyl acetate in India. Additionally, it has established India’s first bio-based EVE manufacturing facility as of the same date.
Godavari Biorefineries boasts a diversified product portfolio that includes bio-based chemicals, sugar, various grades of ethanol, and power. These products serve a wide range of industries, such as food and beverages, pharmaceuticals, flavors and fragrances, power, fuel, personal care, and cosmetics. The company’s Sameerwadi Manufacturing Facility, with a crushing capacity of 18,000 TCD as of 30 June 2024, is among the top fifteen sugar complexes in India by crushing capacity. Furthermore, the company has received environmental clearance to expand its crushing capacity to 25,000 TCD.
The company has successfully catered to customers across more than 20 countries, including Australia, China, Germany, France, Italy, Japan, Kenya, the Netherlands, Singapore, the United Kingdom, the United Arab Emirates, Indonesia, and the United States of America.
Promoters of Godavari Biorefineries – Samir Shantilal Somaiya, Lakshmiwadi Mines, and Minerals Private Limited, Sakarwadi Trading Company Private Limited, and Somaiya Agencies Private Limited
Table of Contents
Godavari Biorefineries IPO Details
| Godavari Biorefineries IPO Dates | 23 – 25 October 2024 |
| Godavari Biorefineries Issue Price | INR 334 – 352 per share |
| Fresh issue | INR 325 crores |
| Offer For Sale | 65,26,983 shares (INR 229.75 crore) |
| Total IPO size | INR 554.75 crore |
| Minimum bid (lot size) | 42 shares (INR 14,784) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Godavari Biorefineries Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
| Revenue | 1,702.33 | 2,014.69 | 1,686.67 | 522.53 |
| Expenses | 1,677.91 | 1,991.33 | 1,688.62 | 566.91 |
| Net income | 19.10 | 19.64 | 12.30 | (26.11) |
| Margin (%) | 1.12 | 0.97 | 0.73 | (5.00) |
Godavari Biorefineries Offer News
- Godavari Biorefineries RHP
- Godavari Biorefineries DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Godavari Biorefineries Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 4.55 | 4.68 | 2.93 | 2.40 |
| PE Ratio | – | – | 113.99 – 120.14 | 139.17 – 146.67 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 8.21 | 7.89 | 4.73 |
| NAV | 55.45 | 59.37 | 62.05 |
| ROCE (%) | 10.64 | 10.59 | 9.53 |
| EBITDA (%) | 8.26 | 7.67 | 8.77 |
| Debt/Equity | 2.74 | 2.96 | 2.55 |
Godavari Biorefineries IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Godavari Biorefineries IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Godavari Biorefineries – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Godavari Biorefineries | 146.67 | 2.93 | 4.37 | 62.05 | 1,686.67 |
| Alkyl Amines Chemicals | 78.84 | 29.09 | 11.75 | 247.87 | 1,440.61 |
| Jubilant Ingrevia | 64.10 | 11.55 | 6.68 | 171.86 | 4,135.80 |
| Laxmi Organic Industries | 65.11 | 4.43 | 6.71 | 65.18 | 2,865.01 |
| EID Parry (India) | 16.69 | 50.61 | 12.75 | 397.61 | 29,413.11 |
| Triveni Engineering and Industries | 26.06 | 18.05 | 13.62 | 132.52 | 6,151.40 |
| Balrampur Chini Mills | 24.72 | 26.49 | 15.72 | 168.57 | 5,593.74 |
| Dalmia Bharat Sugar & Industries | 15.83 | 33.66 | 9.29 | 362.27 | 2,899.37 |
| Dhampur Sugar Mills | 11.20 | 20.27 | 12.21 | 168.28 | 2,646.83 |
| Dwarikesh Sugar Industries | 17.30 | 4.44 | 10.16 | 43.66 | 1,709.57 |
Godavari Biorefineries IPO Dates & Listing Performance
| IPO Opening Date | 23 October 2024 |
| IPO Closing Date | 25 October 2024 |
| Finalization of Basis of Allotment | 28 October 2024 |
| Initiation of refunds | 29 October 2024 |
| Transfer of shares to demat accounts | 29 October 2024 |
| Godavari Biorefineries IPO Listing Date | 30 October 2024 |
| Opening Price on NSE | INR 308 per share (down 12.50%) |
| Closing Price on NSE | INR 343.2 per share (down 2.50%) |
Godavari Biorefineries IPO Reviews – Subscribe or Avoid?
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Godavari Biorefineries Offer Lead Manager
EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra
Phone: +91 22 4332 0736
Email:Â [email protected]
Website:Â www.equirus.com
Godavari Biorefineries Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Godavari Biorefineries Contact Details
GODAVARI BIOREFINERIES LIMITED
Somaiya Bhavan, 45/47, M.G. Road,
Fort, Mumbai – 400 001, Maharashtra
Phone:Â +91 22 6170 2177
Email: [email protected]
Website: www.godavaribiorefineries.com
Godavari Biorefineries IPO FAQs
How many shares in Godavari Biorefineries IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Godavari Biorefineries Public Offer?
The best way to apply for Godavari Biorefineries public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Godavari Biorefineries IPO GMP today?
Godavari Biorefineries IPO GMP today is INR NA per share.
What is Godavari Biorefineries kostak rate today?
Godavari Biorefineries kostak rate today is INR NA per application.
What is Godavari Biorefineries Subject to Sauda rate today?
Godavari Biorefineries’ subject-to-Sauda rate today is INR NA per application.
