Godavari Biorefineries IPO Details, open for subscription on October 23.

Godavari Biorefineries IPO is a book-built issue of Rs 554.75 crores, comprising a fresh issue of 0.92 crore shares and an offer for sale of 0.65 crore shares.

Godavari biorefineries IPO Details

Godavari Biorefineries IPO price band is set at ₹334 to ₹352 per share. The minimum lot size for an application is 42 shares. The minimum amount of investment required by retail investors is ₹14,784. The minimum investment for sNII is 14 lots, while for bNII, it is 68 lots.

Godavari Biorefineries is set to issue an IPO, with Equirus Capital Private Limited and SBI Capital Markets Limited as book-running lead managers and Link Intime India Private Ltd as registrars.

Refer to Godavari Biorefineries IPO RHP for detailed information.

What is Godavari Biorefineries Ltd company profile?

Godavari Biorefineries Limited was established in 1956 and is an Indian company that produces chemicals based on ethanol. As of June 30, 2024, the company operates an integrated biorefinery with a 570 KLPD capacity for ethanol production.

As on March 31, 2024, the company is the largest producer of MPO in the world based on installed capacity. It is one of only two manufacturers of natural 1,3-butanediol and the only company in India that makes bio ethyl acetate.

The company offers a range of products including bio-based chemicals, sugar, different grades of ethanol, and power. These products are utilized in various industries including food, beverages, pharmaceuticals, flavor and fragrances, power, fuel, personal care, and cosmetics.

Godavari Biorefineries Limited has established India’s first bio-based EVE manufacturing facility on March 31, 2024.

Company customers include 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, as well as major oil marketing companies.

Godavari Biorefineries Limited has served customers from over 20 countries, including Australia, China, Germany, France, Italy, Japan, Kenya, Netherlands, Singapore, United Kingdom, United Arab Emirates, Indonesia, and the United States of America.

According to chittorgarh.com, as of June 30, 2024, the company has 1,583 permanent employees, out of which 437 employees are semi-skilled and unskilled.

Godavari Biorefineries IPO Date

Godavari Biorefineries IPO is opening on October 23 and closing on October 25, 2024.

• 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

Godavari Biorefineries IPO Lot Size

The table outlines the minimum and maximum investment amounts for retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	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

Godavari Biorefineries IPO Objectives

Here’s a concise summary of the objectives for the Godavari Biorefineries IPO, incorporating your details:

Godavari Biorefineries IPO Objectives

1. Repayment/Pre-payment of Borrowings: To repay or pre-pay, in full or in part, certain outstanding borrowings availed by the company.
2. General Corporate Purposes: To use the funds for various general corporate purposes.

Godavari Biorefineries Limited Financial Information

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹1,554.62	₹1,991.66	₹1,743.52	₹1,733.54
Revenue	₹525.27	₹1,701.06	₹2,023.08	₹1,709.98
Profit After Tax	-₹26.11	₹12.30	₹19.64	₹19.10
Net Worth	₹233.84	₹260.25	₹249.01	₹232.57
Reserves and Surplus	₹432.34	₹458.74	₹447.51	₹431.06
Total Borrowing	₹703.75	₹663.27	₹738.01	₹636.72

Godavari biorefineries ipo review: Financial Overview

Assets:

• The total assets decreased from ₹1,991.66 million as of March 31, 2024, to ₹1,554.62 million by June 30, 2024. This indicates a decline, which could raise concerns regarding the company’s resource management or recent divestment.

Revenue:

• There was a significant drop in revenue from ₹1,701.06 million in March 2024 to ₹525.27 million by June 2024. This sharp decline may suggest seasonal variations, market challenges, or operational issues.

Profit After Tax:

• The company reported a loss of ₹26.11 million for the quarter ended June 30, 2024, following a profit of ₹12.30 million in the previous quarter. This swing into negative territory could be concerning for investors, indicating potential operational inefficiencies or increased costs.

Net Worth:

• Net worth has slightly decreased from ₹260.25 million in March 2024 to ₹233.84 million in June 2024. This decline in net worth should be monitored closely, as it reflects the company’s overall financial health.

Reserves and surplus:

• Reserves and surplus also decreased from ₹458.74 million to ₹432.34 million, indicating a reduction in retained earnings, which may affect the company’s ability to reinvest in growth.

Total Borrowing:

• Total borrowing increased from ₹663.27 million to ₹703.75 million, which could imply that the company is leveraging debt to finance operations or cover short-term challenges. This rise in debt, combined with reduced net worth and profitability, could elevate financial risk.

Godavari Biorefineries IPO PAQ

• What is the IPO size of Godavari Biorefineries Limited? :–> Godavari Biorefineries IPO is a book-built issue of Rs 554.75 crores.
• Who is the director of Godavari Biorefineries Ltd.? —> The company is promoted by Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, and Somaiya Agencies Private Limited.
• Godavari Biorefineries IPO GMP today ? -No update

Follow for IPO details Update — Digitalmediapoint.com