Godavari Biorefineries IPO Highlights
Godavari Biorefineries Ltd, is going to launch its IPO. Its opening date is October 23rd , 2024 and it will close on October 25th , 2024. This is going to be a book built issue. Through its first public offering (IPO), the company aims to collect about ₹554.75 crores. The IPO will be a mix of a fresh issue worth ₹325 crore and an offer for sale of shares amounting to ₹229.75 crore. The face value of equity share is Rs 10 each share. The price band of Godavari Biorefineries IPO is between ₹334 to ₹ 352.
Godavari Biorefineries IPO Detail
| IPO Opening and Closing Date | October 8, 2024 to October 10,2024 |
| IPO Price Range | Rs 334 to Rs 352 Per Share |
| Face Value of Share | Rs 10 Per Share |
| Net Issue Size Offered | 15759938 Shares amounting to ₹ 554.75 Crores |
| Fresh Issue | 9232955 Shares amounting to ₹325.00 Crores |
| Offer For Sale | 6526983 equity shares amounting up to ₹229.75 Crores |
| Listing at | BSE & NSE |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Godavari Biorefineries IPO, Tentative Date Schedule
| IPO Opening Date | Wednesday, October 23, 2024 |
| IPO Closing Date | Friday, October 25, 2024 |
| Allotment Date | Monday, October 28, 2024 |
| Refund Initiation | Tuesday, October 29, 2024 |
| Credit of Shares in Demat Account | Tuesday, October 29, 2024 |
| Listing Date | Wednesday, October 30,2024 |
The Godavari BiorefineriesIPO will open on October 23, 2024 and it will close on October 25, 2024. The allotment for Godavari BiorefineriesIPO will be finalised on Tuesday, October 28, 2024. The listing date of Godavari Biorefineries IPO on both BSE as well as NSE is fixed as Thursday, October 30, 2024.
Godavari Biorefineries IPO GMP Today
Godavari Biorefineries IPO GMP today is ₹00 as of 20 October 2024.
Godavari Biorefineries IPO Financials
| Period | 30 June, 2024 | 31 March, 2024 | 31 March, 2023 | 31 March, 2022 |
| Total Assets | ₹1554.62 | ₹1991.66 | ₹1743.52 | ₹1733.54 |
| Total Revenue | ₹525.27 | ₹1701.06 | ₹2023.08 | 1709.98 |
| Expense | 566.91 | 1688.62 | 1991.33 | 1677.91 |
| Profit After Tax | ₹-26.11 | ₹12.30 | ₹19.64 | ₹19.10 |
| Company’s Net Worth | ₹233.84 | ₹260.25 | ₹249.01 | ₹232.57 |
| Total Reserve & Surplus | ₹432.34 | ₹458.74 | ₹447.51 | ₹431.06 |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | 9.53% |
| ROE | 4.73% |
| Price to Book Value | 6.31 |
| Return on Net Worth | 4.73% |
| Debt Equity Ratio | 2.5 |
| After Tax Profit Margin (%) | -4.97% |
Godavari Biorefineries IPO Lot Size for Different Category of Investors:
Retail investors are eligible to submit bids for a minimum of one lot, containing 42 shares, amounting to ₹14784. On the other hand small HNI can apply for minimum of 14 lots comprising of 588 shares amounting to ₹206976. The maximum limit for applying in this IPO for small HNI is 67 lot comprising of 2814 shares amounting to ₹990528.
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | 42 | ₹14784 |
| Retail Investor (Max Lot) | 13 | 546 | ₹192192 |
| Small HNI (Min. Lot) | 14 | 588 | ₹206976 |
| Small HNI (Max. Lot) | 67 | 2814 | ₹990528 |
| Big HNI (Min. Lot) | 68 | 2856 | ₹1005312 |
Investors Reserve Quota for Different Category of Investors
| Shares Reserved for Institutional Investors (QIB) | 50% of the Total Issue |
| Shares Reserved for Retail Individual Investors | 35% of the Total Issue |
| Shares Reserved for Non Institutional Investors (HNI) | 15% of the Total Issue |
Cash Flow Generated by the Company
| Net Cash Flow | June 30, 2024 | Financial Year, 2024 | Financial Year, 2022 |
| Cash From Operating Activities | ₹-144.78 | ₹1856.68 | ₹1969.60 |
| Cash from Investing Activities | ₹-62.44 | ₹-444.92 | ₹-2141.39 |
| Cash From Financing Activities | ₹20820 | ₹-1513.37 | ₹284.26 |
Segment Wise Revenue Generation
| Particular | 1st Quarter Ended June 30, 2024 | Financial Year, 2024 | Financial Year, 2023 |
| Bio-Based Chemicals | 1459.97 | 5055.23 | 6517.93 |
| Sugar | 2205.45 | 5637.46 | 6778.44 |
| Distillery | 1364.18 | 5616.95 | 6318.62 |
| Co generation | 139 | 428.23 | 428.53 |
| Un-allocated | 56.65 | 128.79 | 103.42 |
| Total | 5225.25 | 16866.65 | 20146.94 |
International Revenue Generation
| Particulars | 1st Quarter Ended June 30,2024 | Financial Year, 2024 | Financial Year, 2023 |
| UAE | 401.51 | ₹ 1552.18 | ₹926.56 |
| Germany | 58.85 | 303.12 | 392.12 |
| China | 34.67 | 287.33 | 429.98 |
| USA | 141.97 | 133.47 | 949.93 |
| Singapore | 4.21 | 91.92 | 973.70 |
| Others | 155.46 | 441.08 | 352.26 |
Industry Based Revenue Generation
| Particulars | 1st Quarter Ended June 30,2024 | Financial Year, 2024 | Financial Year, 2023 |
| Trading | 2083.44 | 6333.92 | 7477.62 |
| Fuel | 808.11 | 4821.30 | 5658.89 |
| Beverage | 757.81 | 1530.06 | 899.05 |
| Chemicals | 332.08 | 1048.29 | 1426.80 |
| Flavour & Fragrance | 213.56 | 803.04 | 1415.34 |
| Others | 552.24 | 833.59 | 1308.70 |
| Pharmaceuticals | 198.41 | 581.94 | 1092.17 |
| Power | 138.98 | 425.72 | 424.39 |
| Food | 52.75 | 175.68 | 189.81 |
| Paints & Coatings | 40.72 | 160.61 | 149.45 |
| Personal Care/Cosmetics | 46.23 | 125.45 | 88.30 |
| Distillery | 0.93 | 24.96 | 7.4 |
| Industrial | – | 2.09 | 1.85 |
| Adhesive | – | – | 7.16 |
Objectives of Godavari Biorefineries IPO
- General Corporate Purposes
- To meet some outstanding loans
- To prepayment of some outstanding borrowings.
- Working Capital Requirements
Godavari Biorefineries IPO Peer Group Comparative Analysis:
| Company | EPS (₹) | P/E | Face Value (₹) |
| EID Perry India Ltd. | 50.68 | 16.69 | 1 |
| Jubilant Ingrevia Ltd | 11.56 | 64.10 | 1 |
| Alkyl Amines Chemicals Ltd | 29.13 | 78.84 | 2 |
| Laxmi Orgnic Industries Ltd. | 4.46 | 65.11 | 2 |
| Triveni Engineering & Industries Ltd | 18.05 | 26.06 | 1 |
| Dhampur Sugar Mills Ltd | 20.27 | 11.20 | 10 |
| Dwarikesh Sugars Industries Ltd | 4.44 | 17.30 | 1 |
| Dalmia Bharat Sugar & Industries Ltd | 33.66 | 15.83 | 2 |
Average PE Ratio of Industry
| P/E Ratio Metrics | P/E Ratio |
| Highest P/E Ratio | 78.84 |
| Lowest P/E Ratio | 11.20 |
| Average P/E Ratio | 35.54 |
Godavari Biorefineries IPO Strengths and Weaknesses
Strengths:
- Strong emphasis on research and development
2. One of the largest producers of ethanol in India
3. Production of a wide range of bio-based chemicals
4. Experienced Promoter Group
Weaknesses
- Under-utilization of its available resources.
2. Significant debt obligations
3. Higher dependency on ethanol sales, which are subject to government regulations and demand fluctuations
Management & Promoter Group of Godavari Biorefineries Ltd
- Lakshmiwadi Mines and Minerals Private Limited
2. Samir Shantilal Somaiya
3. Somaiya Agencies Private Limited
| Promoters Shareholding Pre- Issue | 81.06% |
| Promoters Shareholding Post- Issue | 63.31% |
Company’s Dividend Policy
No dividend has been paid by the company from last three financial years
Lead Managers of Godavari Biorefineries IPO
Equirus Capital Private Ltd.
SBI Capital Markets Ltd
Registrar of Godavari Biorefineries IPO
Link Intime India Pvt Ltd
Phone: +91-022-49186270
Email: Godavari.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/initial_offer/public-issues.html
Contact Details of Company
Godavari BiorefineriesLtd.
Somaiya Bhawan
45/47, M.G Road
Fort, Mumbai-400001
Phione: +912261702177
Email: investors@somaiya.com
Website: https://www.godavaribiorefineries.com
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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