Godavari Biorefineries IPO (Godavari Biorefineries Limited IPO)
Godavari Biorefineries IPO open for bidding on 23rd October 2024 and ends on 25th October 2024.
Godavari Biorefineries Limited, established in 1956, is a prominent player in the bio-based chemicals and ethanol industry, engaged in the production of a variety of biochemicals and biofuels. The company is headquartered in Mumbai and operates two major manufacturing facilities in Maharashtra and Karnataka.
The company specializes in producing chemicals such as ethyl acetate, crotonaldehyde, and bio-acetic acid, which are used in various industries including pharmaceuticals, food, and automotive sectors.
Godavari Biorefineries focuses on ethanol production, promoting sustainability and the circular economy by utilizing renewable resources.
For more details refer to Godavari Biorefineries IPO RHP and Godavari Biorefineries IPO Pulse Score
Godavari Biorefineries IPO Details
| IPO Date | 23rd October 2024 to 25th October 2024 |
| Listing Date | 30th October 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹334 to ₹352 per share |
| Lot Size | 42 Shares |
| Total Issue Size | 1,60,02,719 shares (aggregating up to ₹554.75 Cr) |
| Fresh Issue | 94,75,736 shares (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 65,26,983 shares of ₹10 (aggregating up to ₹229.75 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 47,27,980(29.5%) |
| QIB | 31,45,977(19.7%) |
| NII | 24,38,629(15.2%) |
| bNII | 16,25,753(10.2%) |
| sNII | 8,12,876(5%) |
| Retail | 56,90,133(35.6%) |
| Total | 1,60,02,719(100%) |
Godavari Biorefineries IPO Timeline
| IPO Open | 23rd October 2024 |
| IPO Close | 25th October 2024 |
| Basis Of Allotment | 28th October 2024 |
| Initiation of Refunds | 29th October 2024 |
| Credit of Shares to Demat | 29th October 2024 |
| Listing Date | 30th October 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹1801.39 Cr | P/E Ratio- Pre IPO | 120.04 |
| RoNW* | -11.16% | P/E Ratio- Post IPO | -17.25 |
| RoCE* | -2.35% | P/B Ratio | 6.31 |
| Debt to Equity | 3.01 | PAT Margin | -4.97% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three months period ended June 30, 2024
Godavari Biorefineries IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and
- General Corporate purposes.
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