Godawari Biorefineries IPO
Godawari Biorefineries IPO is listed on BSE and NSE, priced at ₹334–₹352 per share. The stock debuted at ₹308. The IPO had a lot size of ₹42 shares and a minimum investment of ₹14,784.
Godawari Biorefineries Limited IPO
- IPO Dates
- Oct 23, 2024 – Oct 25, 2024
- Price band
- ₹334-352 per equity share
- Minimum Investment
- ₹14,784
- Issue size
- ₹554.75 Cr
- Lot size
- 42
- Allotment Date
- Oct 28, 2024
- Listing
- Oct 30, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Oct 23, 2024
Open Date
Completed
-
Oct 25, 2024
Close Date
Completed
-
Oct 28, 2024
Allotment Date
Completed
-
Oct 30, 2024
Listing Date
Completed
Price Summary
- Last closing
- 282.05 (-19.87%)
- 52 week high
- 353.00
- 52 week low
- 227.42
- Last update
Godawari Biorefineries IPO Essentials
Godawari Biorefineries IPO Details
Godawari Biorefineries IPO is priced at ₹334-352 per share with a total issue size of 554.75 crore. The IPO has a lot size of 42 shares and is listed on BSE and NSE.
- Issue price
- ₹334-352 per equity share
- Lot size
- 42 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹554.75 Cr :
#Fresh Issue : 9,232,955 shares(aggregating up to ₹325 Cr) +
#OFS : 6,526,983 shares of ₹10(aggregating up to ₹229.75 Cr) - Total issue size
- 1,57,59,938 shares
(aggregating up to ₹554.75 crore) - Fresh issue
- 92,32,955 shares
(aggregating up to ₹325 crore) - Offer for sale (OFS)
- 65,26,983 shares
(aggregating up to ₹229.75 crore) - Listing at
- BSE, NSE
- List price
- 308.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Equirus Capital Private Limited, SBI Capital Markets Limited
Market Lot Size
Investors can bid for a minimum of 42 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 42 | ₹14,784 |
| Retail(max) | 13 | 546 | ₹1,92,192 |
Godawari Biorefineries IPO Reservation
Godawari Biorefineries IPO reservation details show category-wise allocation of shares. Out of the total 1,57,59,938 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 47,27,980 (30%) | |
| QIB Shares Offered | 31,51,989 (20%) | |
| NII (HNI) Shares Offered | 23,63,991 (15%) | |
| bHNI > ₹10L | 15,75,994 (10%) | 2,680 |
| sHNI < ₹10L | 7,87,997 (5%) | 1,340 |
| Retail Shares Offered | 55,15,978 (35%) | 1,31,332 |
| Total Shares Offered | 1,57,59,938 (100%) |
Godawari Biorefineries IPO Analytics
Godawari Biorefineries IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Godawari Biorefineries IPO Subscription Status
Godawari Biorefineries IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,151,989 |
2,363,991
1,575,994
787,997
|
5,515,978 | 11,031,958 |
|
Day 1
23-10-24 05:00 PM
|
0.00 x |
0.12x
0.06x
0.25x
|
0.52 x | 0.29 x |
|
Day 2
24-10-24 05:00 PM
|
0.00 x |
0.26x
0.11x
0.55x
|
0.96 x | 0.54 x |
|
Day 3
25-10-24 05:00 PM
|
2.76 x |
0.90x
0.54x
1.62x
|
1.70 x | 1.83 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 2,01,750 (Approx) | —x | —x | 1.53x |
Godawari Biorefineries Valuations
Earnings
- EPS Pre IPO
- ₹2.93/-
- EPS Post IPO
- -₹20.40/-
- P/E Pre IPO
- 120.04
- P/E Post IPO
- -17.25
Returns
- ROE
- -11.16%
- ROCE
- -2.35%
- RoNW
- -11.16%
- PAT Margin
- -4.97
Fundamentals
- Debt / Equity
- 3.01
- Price / Book
- 6.31
Godawari Biorefineries Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 1,991.66 | 1,743.52 | 1,733.54 |
| Revenue | 1,701.06 | 2,023.08 | 1,709.98 |
| Profit After Tax | 12.30 | 19.64 | 19.10 |
| Net Worth | 260.25 | 249.01 | 232.57 |
| Reserves & Surplus | 458.74 | 447.51 | 431.06 |
| Total Borrowing | 663.27 | 738.01 | 636.72 |
Godawari Biorefineries Company & Offer Insights
About Godawari Biorefineries
Godavari Biorefineries Limited incorporated in 1956 is India's leader in the production of chemicals based on ethanol. The company emphasizes continuous innovation towards a sustainable future and houses one of India's most sophisticated integrated biorefineries, with a 570 KLPD ethanol production capacity as of June 30, 2024.
Worldwide Leader in Bio-based Innovation:World's largest manufacturer of MPO based on installed capacity as of March 31, 2024
One of only two manufacturers worldwide of natural 1,3-Butanediol.
India's only manufacturer of bio-ethyl acetate, giving it a niche in the market.
Diverse Product Profile : Godavari Biorefineries Limited operates on an extensive product profile. Its products include:Bio-based chemicals,Sugar and various types of ethanol,Generation of electricity
It is used by various industries, such as:
Food & Beverages
Pharmaceuticals
Flavours and Fragrances
Personal Care & Cosmetics
Power and Fuel
Adherence to Research & Innovation
Three research and development establishments, registered with DSIR, located at:
Sakarwadi Manufacturing Facility
Sameerwadi Manufacturing Facility
Navi Mumbai, Maharashtra
Godavari Biorefineries Limited has 52 permanent research staff, of which 8 are PhD-holding scientists. The company has so far registered 53 product and process registrations in different countries. It currently has 18 patents, as of October 2024.
International footprint & Elite Customer Base:Godavari Biorefineries Limited serves customers over 20+ countries including Australia, China, Germany, France, Italy, Japan, Kenya, United States, and others.
Major Customers:
Hershey India Pvt Ltd
Hindustan Coca-Cola Beverages Pvt Ltd
LANXESS India Pvt Ltd
IFF Inc.
Escorts Chemical Industries
M/s Karnataka Chemical Industries
Company has its operations in two prime manufacturing locations:
Bagalkot, Karnataka
Ahmednagar, Maharashtra
Talented Workforce
Godavari Biorefineries Limited has 1,583 permanent employees as on 30 June, 2024, consisting of 437 semiskilled and unskilled workers, who ensure that the activities carry out the works process and, therefore, the output quality.
Godawari Biorefineries Promoter(s)
Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, Somaiya Agencies Private Limited are the company's promoters of Godawari Biorefineries.
Godawari Biorefineries IPO Issue Objectives
- •
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
- •
- General corporate purposes.
Godawari Biorefineries IPO - Anchor Investors
Godavari Biorefineries mops up over Rs 166 crore in anchor book.
ICICI Prudential Mutual Fund, HDFC Mutual Fund, Whiteoak Capital Mutual Fund and 360 ONE Equity Opportunity Fund were the biggest anchor investors in the anchor book, buying 5.35 lakh shares worth Rs 18.85 Crore each.
Goldman Sachs, 3P India Equity Fund, Chartered Finance & Leasing (backed by ace investor Madhusudan Kela), Franklin India, Bandhan Small Cap Fund, Edelweiss, Troo Capital, SBI General Insurance Company, and Buoyant Capital AIF invested 2.55 lakh shares worth nearly Rs 9 crore each.
Godawari Biorefineries IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Godavari Biorefineries Limited | 2.93 | 2.93 | 62.05 | N/A | 4.73 | N/A | Consolidated |
| Alkyl Amines Chemicals Ltd. | 29.13 | 29.09 | 247.87 | 78.84 | 11.75 | N/A | Consolidated |
| Jubilant Ingrevia Limited | 11.56 | 11.55 | 171.86 | 64.1 | 6.68 | 2.63 | Consolidated |
| Laxmi Organic Industries Limited | 4.46 | 4.43 | 65.18 | 65.11 | 6.71 | 3.61 | Consolidated |
| EID Parry (India) Limited | 50.68 | 50.61 | 397.61 | 16.69 | 12.75 | N/A | Consolidated |
| Triveni Engineering & Industries Ltd. | 18.05 | 18.05 | 132.52 | 26.06 | 13.62 | 2.34 | Consolidated |
| Balrampur Chini Mills Ltd. | 26.49 | 26.49 | 168.57 | 24.72 | 15.72 | N/A | Consolidated |
| Dalmia Bharat Sugar And Industries Ltd | 33.66 | 33.66 | 362.27 | 15.83 | 9.29 | 0.94 | Consolidated |
| Dhampur Sugar Mills Ltd. | 20.27 | 20.27 | 168.28 | 11.2 | 12.21 | 1.24 | Consolidated |
| Dwarikesh Sugar Industries Ltd. | 4.44 | 4.44 | 43.66 | 17.3 | 10.16 | 1.59 | Consolidated |
Notes:
- Basic EPS and diluted EPS refer to the basic EPS and diluted EPS sourced from the financial statements of the respective company.
- P/E ratio has been computed based on the closing market price of equity shares on BSE on September 27, 2024 divided by the diluted EPS provided.
- Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest), as at March 31, 2024.
- NAV per equity share has been computed as the net worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding as of March 31, 2024.
Godawari Biorefineries IPO - Strengths and Risks
Godawari Biorefineries IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Godawari Biorefineries
+91 22 6170 2177
https://www.godavaribiorefineries.com/
Somaiya Bhavan, 45/47, M.G. Road, Fort, Mumbai - 400001
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Godawari Biorefineries IPO is a book-built IPO worth ₹554.75 crore. The price band is ₹334–₹352 per share. The IPO opens on Oct 23, 2024 and closes on Oct 25, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Godawari Biorefineries IPO is ₹334 to ₹352 per share.
The lot size of Godawari Biorefineries IPO is 42 shares.
The minimum investment for Godawari Biorefineries IPO is approximately ₹14,784 based on the upper price band .
Godawari Biorefineries IPO opens on Oct 23, 2024 and closes on Oct 25, 2024.
The allotment date of Godawari Biorefineries IPO is Oct 28, 2024.
Godawari Biorefineries IPO is expected to be listed on Oct 30, 2024, on BSE and NSE .
Godawari Biorefineries IPO listed on Oct 30, 2024. It was issued at ₹308.0(NSE) and is currently around ₹282.05 as on 27-May-2026 3:30 PM, which is approximately -19.9% versus issue price. The 52-week high is ₹353.00.
Based on listing and post-listing performance, Godawari Biorefineries IPO delivered around -19.9% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Godawari Biorefineries IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Godawari Biorefineries IPO valuation snapshot: P/E -17.25, EPS -₹20.40/-, P/B 6.31, RoNW -11.16%, and market cap N/A.
To apply for Godawari Biorefineries IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Godawari Biorefineries IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Godawari Biorefineries IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Godawari Biorefineries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Godawari Biorefineries IPO allotment status on IPO Ji for quick and easy access.