Godavari Biorefineries IPO
Godavari Biorefineries IPO — date, price band, lot size & details 2024
Godavari Biorefineries listed on 30 Oct 2024 at ₹308, 12.5% below the ₹352 issue price.
Godavari Biorefineries makes ethanol-based chemicals, sugar, ethanol and power, and is one of India's largest ethanol producers by volume. Its total income was Rs 1,701.06 crore in FY2024.
Stock price
Godavari Biorefineries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 23 Oct 2024
- Close 25 Oct 2024
- Allotment 28 Oct 2024
- Refund/credit 29 Oct 2024
- Listing 30 Oct 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Oct, 2024 |
|---|---|
| Price Band | ₹334 – ₹352 |
| Face Value | ₹10 |
| Lot Size | 42 Shares |
| Issue Size | ₹554.75 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,784 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 42 shares at the ₹352 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 42 | ₹14,784 |
| Retail (max) | 13 | 546 | ₹1,92,192 |
| S-HNI (min) | 14 | 588 | ₹2,06,976 |
| S-HNI (max) | 67 | 2,814 | ₹9,90,528 |
| B-HNI (min) | 68 | 2,856 | ₹10,05,312 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It is one of India's largest ethanol producers by volume, with 4 product lines from sugar to power.
- 02Rs 325.00 crore of the issue was fresh capital, mostly for repaying debt.
- 03Ethanol blending policy supports demand for its fuel ethanol, and total income was Rs 1,709.98 crore in FY2022.
- 04Its bio-based chemicals serve many industries, from food to pharmaceuticals, and the company dates back to 1956.
- 05Net worth was Rs 233.84 crore on 30 June 2024.
Risks · 5
- 01The company made a loss of Rs 26.11 crore in the three months to 30 June 2024.
- 02Profit was thin, at Rs 12.30 crore in FY2024, and total income fell from Rs 2,023.08 crore in FY2023.
- 03Total borrowing was Rs 703.75 crore on 30 June 2024, and the source puts debt to equity at 3.01.
- 04The pre-issue P/E was 120.04 at the upper band of Rs 352, based on EPS of Rs 2.93, and sugarcane supply depends on the monsoon.
- 05Promoters and the promoter group held 81.06% before the issue and 63.31% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Godavari Biorefineries offer document.
| Metric | 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 |
| Total Income | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Godavari Biorefineries RHP.
Where the money goes
₹303.61 Cr of the issue is earmarked to named objects.
Godavari Biorefineries IPO Anchor Investors
19 anchor investors across 14 fund houses committed ₹166.44 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its products include bio-based chemicals, sugar, different grades of ethanol and power, used in food, beverages, pharmaceuticals, flavours and fragrances, power and fuel.
Its promoters are Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals and Somaiya Agencies.
The IPO was Rs 554.75 crore, with Rs 325.00 crore of fresh issue and Rs 229.75 crore of offer for sale by promoters, promoter group members and investors. Fresh money was mainly planned for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Godavari Biorefineries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Equirus Capital Pvt.Ltd.
36 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Godavari Biorefineries?
The current Grey Market Premium is ₹15, or 4% over the issue price.
What is the Godavari Biorefineries IPO price band?
₹334 to ₹352, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 October 2024, with listing on 30 October 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
