Godavari Biorefineries Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹334 - ₹352
- Lot size
- 42 shares
- Issue amount
- ₹554.75 cr
- Total subscription
- 1.87×
- Opens
- 23 Oct 2024
- Closes
- 25 Oct 2024
- Allotment
- 29 Oct 2024
- Listing
- 30 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 1,57,59,937 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,028
- Fresh issue
- ₹325 cr
- Offer for sale
- ₹229.75 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,784
- Issue type
- Book Built Issue IPO
- Shares before issue
- 4,19,43,023
- Shares after issue
- 5,11,75,978
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 42 | ₹14,784 |
| sHNI | 14 | 588 | ₹2,06,976 |
| bHNI | 68 | 2,856 | ₹10,05,312 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 2,680 | 216 |
| HNIs (2-10L) | 1,340 | 1,999 |
| RETAIL | 1,31,333 | 2,00,833 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 110.95 | 305.86 |
| RETAIL | 194.16 | 342.56 |
| HNIs 2+ | 27.74 | 46.57 |
| HNIs 10+ | 55.47 | 30.8 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.22 | 2.93 | 4.68 |
| ROE | -11.16 | 4.73 | 7.89 |
| ROCE | -2.35 | 9.53 | 10.59 |
| RONW | -11.16 | 4.73 | 7.89 |
| PRE IPO(PE) | 120.04 | 0 | 0 |
| POST IPO(PE) | -17.25 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1956, Godavari Biorefineries Limited is a leading Indian manufacturer of ethanol-based chemicals, operating an integrated biorefinery with a 570 KLPD ethanol production capacity as of June 30, 2024. The company is the world’s largest producer of MPO by installed capacity, one of only two manufacturers of natural 1,3-butanediol, and the sole producer of bio ethyl acetate in India. Its diverse portfolio spans bio-based chemicals, sugar, multiple ethanol grades, and power, serving industries such as food and beverages, pharmaceuticals, cosmetics, personal care, and energy. With manufacturing units in Bagalkot (Karnataka) and Ahmednagar (Maharashtra), the company is backed by three DSIR-registered R&D centers, 52 research professionals including eight PhD scientists, 18 patents, and 53 international product and process registrations. Serving clients in over 20 countries—including the U.S., UK, Germany, Japan, and China—and key customers like Hershey India, Hindustan Coca-Cola, and LANXESS India, Godavari Biorefineries employed 1,583 permanent staff, including 437 semiskilled and unskilled workers, as of June 30, 2024.
Strengths
- Market Leadership: Among India’s top ethanol producers with a large integrated biorefinery.
- Diversified Portfolio: Bio-based chemicals, ethanol grades, sugar, and power for multiple industries.
- Strong Client Relationships: Long-term partnerships with global brands and oil companies.
Risk factors
- Supplier Dependency: Heavy reliance on a few key raw material suppliers may disrupt operations.
- Rising Material Costs: Increased input costs could affect profitability.
- Customer Concentration: Revenue risk from dependence on a few major customers.
Promoters
Samir Shantilal Somaiya
Lakshmiwadi Mines and
Minerals Private Limited
Somaiya Agencies Private Limited
Registrar & documents
Lead manager
Equirus Capital Private Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Somaiya Bhavan, 45/47, M.G. Road Fort, Mumbai - 400001
+91 22 6170 2177
[email protected]Company website ↗Understanding GODAVARIB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.