Godavari Biorefineries
Listed
Listed
IPO Timeline
Issue open date
23 Oct 2024Issue close date
25 Oct 2024UPI mandate deadline
25 Oct 2024Allotment finalization
28 Oct 2024Refund initiation
29 Oct 2024Share credit
29 Oct 2024Listing date
30 Oct 2024Mandate end date
9 Nov 2024Lock-in end date for anchor investors (50%)
27 Nov 2024Lock-in end date for anchor investors (remaining)
26 Jan 2025Key Dates
Open
23 Oct 2024Close
25 Oct 2024Listing
30 Oct 2024Quick Stats
Issue Size:555cr
Lot Size:42 shares
About the Company
Incorporated in 1956, Godavari Biorefineries Limited integrates sugar, power, chemicals, and distillery operations. The company’s portfolio includes bio-based and ethanol-based chemicals, sugar, rectified spirits, ethanol, and power, serving industries such as agrochemicals, cosmetics, pharmaceuticals, and beverages. Its operations extend to over 20 countries, contributing to its consolidated revenues.
Strengths
- Broad portfolio of bio-based chemicals and diversified product offerings, reducing reliance on any single product
- In-house R&D facilities focused on innovation and process optimization, supporting product development and manufacturing improvements.
- Long-standing relationships with a diverse customer base across industries and geographies.
- A key producer of ethanol in India with an integrated bio-refinery setup.
Risks
- Dependency on sugarcane, molasses, and feedstock availability could disrupt operations if there are seasonal shortages or adverse weather conditions.
- Reliance on a limited number of suppliers for raw materials may impact manufacturing if supply chains are disrupted.
- Revenue from ethanol sales is largely dependent on government policies, with any changes to the ethanol-blended petrol program potentially affecting financial performance.
- Client inspections and quality audits are critical, and failure to meet standards could lead to contract losses, affecting business and cash flows.
- The company has unsecured borrowings that may be recalled at any time, posing a liquidity risk.
Godavari Biorefineries IPO – Frequently Asked Questions
- The price band for the Godavari Biorefineries IPO is set at ₹334 to ₹352 per share.
- The Godavari Biorefineries IPO opens on October 23, 2024 and closes on October 25, 2024.
- The tentative listing date for the Godavari Biorefineries IPO is October 30, 2024.
- You can apply for the Godavari Biorefineries IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Godavari Biorefineries, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Godavari Biorefineries IPO is 42 shares. Investors must apply for at least one lot (i.e., 42 shares).