Godavari Biorefineries IPO GMP Today, Godavari Biorefineries IPO Grey Market Premium Updates | Godavari Biorefineries IPO, Latest target, Opening gain
Godavari Biorefineries IPO began on October 23, 2024. It will close on October 25, 2024. The Total IPO Size is ₹554.75 Crore Approx. The company set its IPO price is ₹334 to ₹352 per share Per Share. There are three basic categories in Godavari Biorefineries IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Incorporated in 1956, Godavari Biorefineries Limited manufactures ethanol-based chemicals in India. As of June 30, 2024, the company operates an integrated biorefinery with a capacity of 570 KLPD for ethanol production.
The company’s product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power. These products are used in industries such as food, beverages, pharmaceuticals, flavours and fragrances, power, fuel, personal care, and cosmetics
The company has three research and development facilities registered with the Department of Scientific and Industrial Research (DSIR): one at the Sakarwadi Manufacturing Facility, one at the Sameerwadi Manufacturing Facility, and one in Navi Mumbai, Maharashtra. As of June 30, 2024, the company employs 52 permanent research staff, including eight scientists with doctoral degrees.
The company’s client base includes marquee players such as Hershey India Pvt Ltd, Hindustan Coca-Cola Beverages Private Limited, M/s Karnataka Chemical Industries, M/s Techno Waxchem Pvt Ltd, LANXESS India Private Limited, IFF Inc., Ankit Raj Organo Chemicals Limited, Escorts Chemical Industries, Khushbu Dye Chem Pvt Ltd, Privi Speciality Chemicals Limited, Shivam Industries, and major oil marketing companies.
As of October 2024, the company has obtained 18 patents and received 53 registrations for these products/processes across various countries.
As on March 31, 2024, the company is the largest producer of MPO in the world based on installed capacity. It is one of only two manufacturers of natural 1,3-butanediol and the only company in India that makes bio ethyl acetate.
The company operates two manufacturing facilities, one in Bagalkot, Karnataka, and the other in Ahmednagar, Maharashtra.
The company serves customers in over twenty countries, including Australia, China, Germany, France, Italy, Japan, Kenya, the Netherlands, Singapore, the United Kingdom, the United Arab Emirates, Indonesia, and the United States.
As of June 30, 2024, the company has 1,583 permanent employees, out of which 437 employees are semiskilled and unskilled.
Godavari Biorefineries IPO Details:
| Issuer | Godavari Biorefineries IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: October 23, 2024 | |
| Issue Closes: October 25, 2024 | ||
| Price Brand | ₹334 to ₹352 per share | |
| Issue Size | ₹554.75 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 42 Shares | |
| Retail (Max) | ₹192,192 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 15,759,938 shares | |
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Godavari Biorefineries IPO GMP Rates day by day
Godavari Biorefineries IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,784 |
| Retail (Max) | 13 | 546 | ₹192,192 |
| S-HNI (Min) | 14 | 588 | ₹206,976 |
| S-HNI (Max) | 67 | 2,814 | ₹990,528 |
| B-HNI (Min) | 68 | 2,856 | ₹1,005,312 |
Godavari Biorefineries IPO Date, Allotment & Listing:
| Godavari Biorefineries IPO Opening Date: | October 23, 2024 |
| Godavari Biorefineries IPO Closing Date: | October 25, 2024 |
| Basis of Allotment: | October 28, 2024 |
| Initiation of Refunds: | October 29, 2024 |
| Credit to Demat Account: | October 29, 2024 |
| Listing Date: | October 30, 2024 |
Godavari Biorefineries Limited Financial Information (Restated)
Godavari Biorefineries Limited’s revenue decreased by -15.92% and profit after tax (PAT) dropped by -37.37% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 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 |
| Revenue | 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 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of Godavari Biorefineries IPO is Rs 1801.39 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | -11.16% |
| ROCE | -2.35% |
| Debt/Equity | 3.01 |
| RoNW | -11.16% |
| P/BV | 6.31 |
| PAT Margin (%) | -4.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.93 | -20.4 |
| P/E (x) | 120.04 | -17.25 |
Objects of the Issue (Godavari Biorefineries IPO Objectives)
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company; and
- General corporate purposes.
Godavari Biorefineries IPO ALLOTMENT STATUS
How to Apply for Godavari Biorefineries IPO?
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How to Apply Godavari Biorefineries IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Godavari Biorefineries”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Godavari Biorefineries IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Godavari Biorefineries”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Godavari Biorefineries IPO?
Godavari Biorefineries IPO is a main-board initial public offering of 15,759,938 Equity shares of the face value of ₹10 aggregating up to ₹554.75 Crores. The issue price of the IPO is ₹334 to ₹352 Per Equity Share. The minimum order quantity is 42 Shares per application and the offer type is Book Built Issue. The IPO opens on October 23, 2024 and closes on October 25, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Godavari Biorefineries IPO will open?
The Godavari Biorefineries IPO opens on October 23, 2024 and closes on October 25, 2024.
How to apply for Godavari Biorefineries IPO?
You can apply in Godavari Biorefineries IPO online using either UPI or ASBA as payment method. Equirus Capital Private Limited and SBI Capital Markets Limited are the book running lead managers of the Godavari Biorefineries IPO, while Link Intime India Private Ltd is the registrar for the issue.
When Godavari Biorefineries IPO allotment?
The finalization of Basis of Allotment for Godavari Biorefineries IPO will be done on October 28, 2024, and the allotted shares will be credited to your demat account by October 29, 2024.
Check the Godavari Biorefineries IPO allotment status.
When is Godavari Biorefineries IPO listing date?
The Godavari Biorefineries IPO listing date is not yet announced. The tentative date of Godavari Biorefineries IPO listing is October 30, 2024
What is the lot size of Godavari Biorefineries IPO?
Godavari Biorefineries IPO lot size is 42 Shares and the minimum order quantity is 1 Shares.