| Company Name | Godavari Biorefineries Limited |
| Open Date | 23-10-2024 |
| Close Date | 25-10-2024 |
| Exchange | BSE, NSE |
| Lot Size | 42 Shares |
| Issue Price | ₹334 to ₹352 per share |
| Issue Size | 1,57,59,938 shares |
| Application Amount | ₹ 14,784 – ₹ 1,92,192 (42 to 546 shares) |
| Recommendation | Avoid |
The company was originally formed and incorporated as “Godavari Investment and Finance Corporation Limited” in Mumbai, Maharashtra. Subsequently, the name was changed to Godavari Biorefineries Limited and was incorporated on Nov 10, 2006. The company is engaged in the manufacturing of bio-based chemicals, sugar, different grades of ethanol and power. The major revenue stream for the company is from sugar, bio-based chemicals and distillery segments. The company had 1,583 permanent employees and 633 contract labourers as of June 30, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 1,702.33 | 2,014.69 | 1,686.67 |
| EBITDA | 132.89 | 146.23 | 133.54 |
| Net Profit | 19.10 | 19.64 | 12.30 |
| RoCE | 10.42% | 9.86% | 8.35% |
| ROE | 4.04% | 4.01% | 2.46% |
| P/E | 77.36 | 75.21 | 120.14 |
| Opening Date | 23/10/2024 |
| Closing Date | 25-10-2024 |
| Basis of Allotment | 28-10-2024 |
| Initiation of Refunds | 29-10-2024 |
| Credit of Shares to Demat | 29-10-2024 |
| Listing Date | 30-10-2024 |
| Repayment/prepayment, in full or part, of certain borrowings availed by the Company |
| General Corporate Purposes |
| Registered Office | Godavari Biorefineries Limited Somaiya Bhavan, 45/47, M.G. Road Fort, Mumbai - 400001 |
| Phone | +91 22 6170 2177 |
| investors@somaiya.com | |
| Website | https://www.godavaribiorefineries.com/ |
| Godavari Biorefineries IPO DRHP |
| Godavari Biorefineries IPO RHP |
| Name | Link Intime India Private Limited |
| Phone | +91-22-4918 6270 |
| godavari.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
| Anchor Investor Shares Offered | 47,27,980 (30%) |
| QIB Shares Offered | 31,51,989 (20%) |
| Retail Shares Offered | 55,15,978 (35%) |
| NII (HNI) Shares Offered | 23,63,991 (15%) |
| Share Holding Pre Issue (Promoters) | 81.06% |
| Share Holding Post Issue (Promoters) | 63.31% |