Godavari Biorefineries IPO Details
Issue Date
--
Price Range
₹334 - ₹352
Lot Size
42
IPO Size
₹554.75 Cr
Godavari Biorefineries IPO Listing Details
Listing On
30 Oct'24
Issue Price
₹352
Listed Price
₹ 308
Retail Gain/Listing Gain
▼-12.50%
Schedule of Godavari Biorefineries IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
30/10/2024
Godavari Biorefineries Company Background
Godavari Bio refineries is one of the manufacturers of ethanol-based chemicals in India and has an integrated bio-refinery in India with an installed capacity of 570KLPD for manufacturing ethanol as of June 30, 2024. The company is one of India’s largest producers of ethanol in terms of volume as of March 31, 2024 (source: Frost & Sullivan Report). ). The company’s diversified product portfolio comprises of bio-based chemicals, sugar, and different grades of ethanol and power.
Retail and HNI Applications:
The retail portion of the Godavari Biorefineries IPO consists of not less than 325 million equity shares of face value of ₹ 10. Not less than 35% of the net offer is for retail individual bidders is allocated.
Godavari Biorefineries IPO Key Points
Objectives of the IPO:
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company;
- General corporate purposes
Subscription details: Qualified Institutional Buyers: 50% Non-Institutional Buyers: 15% Retail: 35%
Potential benefits for investors: Private equity firm Mandala Capital AG Ltd will be selling 49.27 lakh shares through the OFS route. This will free up equity shares, which can be availed of by potential investors.
Godavari Biorefineries has seen sharp growth in the recent years and the sustainable energy market is projected to grow at a CAGR of 10.4% from 2023 to 2028. By investing in Godavari Biorefineries, investors can be a part of a company that is growing exponentially as well as be a part of an industry that will remain at the centre of upcoming policies and innovations.
Anchor Investors:
The anchor investor bid opens and ends on Oct 22, 2024. The company may allocate up to 60% of the QIB portion to anchor investors, out of which one third will be allocated to Mutual Funds.
Book Running lead manager:
Equirus Capital Private Limited
SBI Capital Markets Limited
Click here to know more about Godavari Biorefineries Share Price and stay updated on the latest market trends.
Godavari Biorefineries Key Financials
Revenue from Operations | 16,866.65 | 20,146.94 | 17,023.29 |
Total Equity and Liability | 19,916.60 | 17,435.22 | 17,335.38 |
Return on average net worth | 4.73% | 7.89% | 8.21% |
All Financial Information about Godavari Bio Refineries Limited
Presentation of key financial metrics and indicators to assess Godavari Bio Refineries Limited financial health.
Godavari Biorefineries IPO Strengths
Godavari energies is a manufacturer of Ethanol-based Chemicals and are one of the largest producers of Ethanol in terms of volume.
The company is one of the manufacturers of ethanol based chemicals in India and an integrated bio-refinery in India with an installed capacity of 570 KLPD for manufacturing ethanol as at March 31, 2024. They are one of India’s largest producers of ethanol in terms of volume as of March 31, 2024 (source: Frost & Sullivan Report).
The company is an integrated bio-refinery in India with an installed capacity of 570 KLPD for manufacturing ethanol as on March 31, 2024.
The company is an integrated bio-refinery company using sugarcane as a primary feedstock to manufacture a range of products across the value chain including sugar, ethanol, chemicals, power and other products. According to the Frost & Sullivan Report, among the peers analysed in the Frost & Sullivan Report, our Company has the widest portfolio of bio-based products in India.
Diversified product portfolio and well-established relationship with a diversified marquee customer base across industries and geographies.
The company has over the years expanded and diversified their manufacturing capabilities and product portfolio, which primarily include bio-based chemicals, sugar and ethanol. Their diversified product portfolio has reduced their dependence on any specific product category or products.
Godavari Biorefineries IPO Risk Factors
The company depends on a few suppliers for supply of a significant portion of raw materials (excluding sugarcane). Any failure to procure such raw materials from these suppliers may have an adverse impact on our manufacturing operations and results of operations.
Their cost of materials consumed constituted a majority of the total expenses incurred in the three months ended June 30, 2024 and Fiscals 2024, 2023 and 2022. Any further increase in the costs of materials consumed or their inability to reasonably offset costs with the prices of products may have an adverse impact on their profitability.
The company derives a portion of their revenue from a few products. Their results of operations may be adversely affected if revenues from such products decline.
Key Strategies of Godavari Bio refineries
- Continue to diversify product offerings and improving operational efficiency
- Implement additional measures for improving feedstock security and increasing value derived from feedstock
- Increase the share of business of existing customers and further diversify their customer base
Conclusion
A closing summary that reinforces the key aspects of Godavari Biorefineries’ IPO and the potential benefits for investors.
How To Apply for Godavari Biorefineries Ltd IPO?
Here are the steps to apply for Godavari Biorefineries Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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