Godavari Biorefineries IPO Rating
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Godavari Biorefineries IPO Details
| IPO Open Date: | October 23, 2024 |
| IPO Close Date: | October 25, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹334 to ₹352 Per Share |
| Issue Size: | Approx ₹554.75 Crores |
| Fresh Issue: | Approx ₹325.00 Crores |
| Offer for Sale: | Approx 6,526,983 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Godavari Biorefineries IPO Market Lot
The Godavari Biorefineries IPO minimum market lot is 42 shares with ₹14,784 application amount. The retail investors can apply up to 13 lots with 546 shares or ₹192,192 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 42 | ₹14,784 |
| Retail Maximum | 13 | 546 | ₹192,192 |
| S-HNI Minimum | 14 | 588 | ₹206,976 |
| B-HNI Minimum | 68 | 2,856 | ₹1,005,312 |
Godavari Biorefineries IPO Dates
The Godavari Biorefineries IPO date is October 23, 2024, and the close date is October 25, 2024. The Godavari Biorefineries IPO allotment will be finalized on October 28, 2024, and the IPO listing on October 30, 2024.
| IPO Open Date: | October 23, 2024 |
| IPO Close Date: | October 25, 2024 |
| Basis of Allotment: | October 28, 2024 |
| Refunds: | October 29, 2024 |
| Credit to Demat Account: | October 29, 2024 |
| IPO Listing Date: | October 30, 2024 |
Promoters of Godavari Biorefineries IPO
The promoters of the company are Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, and Somaiya Agencies Private Limited.
About Godavari Biorefineries IPO
Godavari Biorefineries Limited is a major ethanol producer and a leader in manufacturing ethanol-based chemicals in India. It boasts the largest range of biobased products in the country. In Fiscal Years 2021, 2020, and 2019, the company invested ₹ 149.89 million,₹ 148.40 million, and ₹ 131.65 million in research and development expenditures. Additionally, their revenue from operations has shown consistent growth, increasing by 18.62% in 2021, 16.94% in 2022, and 22.53% in 2022. It has also planned to launch an IPO which is a combination of fresh issues of 325.00 crore and OFS has 0.65 crore shares.
Godavari Biorefineries IPO Company Financial Report
The company reported revenue of ₹1,701.06 crores in 2024 against ₹2,023.08 crore in 2023. The company reported a profit of ₹12.30 crores in 2024 against a profit of ₹19.64 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,709.98 | ₹1,677.91 | ₹19.10 | ₹1,733.54 |
| 2023 | ₹2,023.08 | ₹1,991.33 | ₹19.64 | ₹1,743.52 |
| 2024 | ₹1,701.06 | ₹1,688.62 | ₹12.30 | ₹1,991.66 |
| June 2024 | ₹525.27 | ₹566.91 | ₹26.11 | ₹1,554.62 |
Godavari Biorefineries IPO Valuation – FY2024
Check Godavari Biorefineries IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 4.73% |
| ROCE: | 9.53% |
| EBITDA Margin: | 8.77% |
| PAT Margin: | 0.72% |
| Debt to equity ratio: | 2.55 |
| Earning Per Share (EPS): | ₹2.93 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 4.73% |
| Net Asset Value (NAV): | ₹62.05 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Alkyl Amines Chemicals Limited | 29.13 | 78.84 | 11.75 | 247.87 | 1,440.61 Cr. |
| Jubilant Ingrevia Limited | 11.56 | 64.10 | 6.68 | 171.86 | 4,135.8 Cr. |
| Laxmi Organic Industries Limited | 4.46 | 65.11 | 6.71 | 65.18 | 2,865.01 Cr. |
| EID Parry (India) Limited | 50.68 | 16.69 | 12.75 | 397.61 | 29,413.11 Cr. |
| Triveni Engineering and Industries Limited | 18.05 | 26.06 | 13.62 | 132.52 | 6,151.4 Cr. |
| Balrampur Chini Mills Limited | 26.49 | 24.72 | 15.72 | 168.57 | 5,593.74 Cr. |
| Dalmia Bharat Sugar & Industries Limited | 33.66 | 15.83 | 9.29 | 362.27 | 2,899.37 Cr. |
| Dhampur Sugar Mills Limited | 20.27 | 11.20 | 12.21 | 168.28 | 2,646.83 Cr. |
| Dwarikesh Sugar Industries Limited | 4.44 | 17.30 | 10.16 | 43.66 | 1,709.57 Cr. |
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company; and
- General corporate purposes.
Godavari Biorefineries IPO Review
- IPO Watch – May Apply
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart – Neutral
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Godavari Biorefineries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Private Limited
- SBI Capital Markets Limited
Company Address
Godavari Biorefineries Limited
Somaiya Bhavan,
45/47, M.G. Road
Fort, Mumbai – 400001
Phone: +91 22 6170 2177
Email: [email protected]
Website: https://www.godavaribiorefineries.com/
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Note: The Godavari Biorefineries IPO price band and date are officially announced. The (Godavari Biorefineries IPO grey market premium) will be added to the IPO GMP page as it will start).
