About Godavari Biorefineries:
They are one of the manufacturers of ethanol-based chemicals in India and rank among the largest ethanol producers in the country by volume as of March 31, 2024. Their diversified product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power. These products are used across industries such as food, beverages, pharmaceuticals, flavors and fragrances, power, fuel, personal care, and cosmetics.
About the Industry in which Godavari Biorefineries operates:
The bio-based chemicals market has experienced exponential growth due to the rising demand for environmentally sustainable solutions. In 2023, the global market for bio-based chemicals was valued at USD 97.2 billion, having grown at a CAGR of 10.4% from 2017 to 2023.
| Important Information and Timelines of the IPO of Godavari Biorefineries: | |
|---|---|
| Open Date | 23 Ocotber 2024 |
| Close Date | 25 October 2024 |
| Total Issue Size – Number of Shares | 15759938 |
| Minimum Bid Price | 334 |
| Maximum Bid Price | 352 |
| Lot Size | 42 |
| Basis of Allotment | 28 Ocotber 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 29 October 2024 |
| Listing Date | 30 October 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Godavari Biorefineries:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 42 | 14784 |
| Retail – Maximum | 13 | 546 | 192192 |
| sHNI – Minimum | 14 | 588 | 206976 |
| sHNI – Maximum | 67 | 2814 | 990528 |
| bHNI – Minimum | 68 | 2856 | 1005312 |
Objective of the IPO of Godavari Biorefineries:
-
Repayment/pre-payment, in full or in part, of certain borrowings availed by our company.
-
General corporate purposes.
Financials of Godavari Biorefineries:
| Particulars | Three Month Period Ended June 30, 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Share Capital | 419.43 | 419.43 | 419.43 | 419.43 |
| Net Worth | 2,338.43 | 2,602.45 | 2,490.13 | 2,325.69 |
| Total Income | 5,252.73 | 17,010.64 | 20,230.79 | 17,099.76 |
| Profit / (Loss) After Tax | (261.06) | 122.99 | 196.37 | 190.97 |
| Earnings per Equity Share (Basic and Diluted) | ||||
| - Basic | (6.22) | 2.93 | 4.68 | 4.55 |
| - Diluted | (6.22) | 2.93 | 4.68 | 4.55 |
| Net Asset Value per Equity Share | 55.75 | 62.05 | 59.37 | 55.45 |
| Total Borrowings (Excluding Current Liabilities Interest Accrued) | 6,937.03 | 6,540.62 | 7,353.35 | 6,349.75 |
| Total Borrowings (Including Current Liabilities Interest Accrued) | 7,037.46 | 6,632.70 | 7,380.13 | 6,367.21 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Godavari Biorefineries. You will receive a UPI mandate after 10:00 AM on 23 Ocotber 2024.
###1. How to apply for the IPO of Godavari Biorefineries on Dhan?
You can apply for the IPO of Godavari Biorefineries from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Godavari Biorefineries be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 29 October 2024. However, you will be able to see the shares of Godavari Biorefineries on Dhan before the market starts on the listing date which is 30 October 2024.