Godavari Biorefineries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Godavari Biorefineries IPO release date, IPO offer price, subscription, Godavari Biorefineries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 3,700 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Godavari Biorefineries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Godavari Biorefineries IPO – Summary
They have the largest integrated bio-refinery in India and are one of the largest producers of ethanol and a pioneer in manufacturing ethanol-based chemicals in India. They are also the largest manufacturer of MPO worldwide, one of only two manufacturers of natural 1,3 butylene glycol globally, the fourth largest manufacturer of ethyl acetate in India, and the only company in India to produces bio ethyl acetate.
Their diversified product portfolio comprising of bio-based chemicals, sugar, rectified spirits, ethanol, other grades of alcohol and power, find application in a range of industries. According to the Frost & Sullivan Report, their Company is the only company in India to have such a vast portfolio of bio-based products. They are a part of the Somaiya group of companies, which has experience of over 80 years in the sugar industry and almost 60 years of experience in the bio-based chemicals industry.
The Promoter of this company is SAMIR SHANTILAL SOMAIYA AND SOMAIYA AGENCIES PRIVATE LIMITED. The lead manager to the issue is Equirus Capital Private Limited and JM Financial Limited, and the Registrar to this issue is Link Intime India Private Limited.
Godavari Biorefineries IPO Date
The opening and the closing date of Godavari Biorefineries IPO are not available yet.
Check out Related IPO Links:
| Godavari Biorefineries IPO GMP |
| LIVE Subscription – Godavari Biorefineries IPO |
Godavari Biorefineries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Godavari Biorefineries IPO LIVE Subscription
- Godavari Biorefineries IPO LIVE Bid details on BSE
- Godavari Biorefineries IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Godavari Biorefineries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Godavari Biorefineries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Godavari Biorefineries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Godavari Biorefineries IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Godavari Biorefineries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Godavari Biorefineries IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Godavari Biorefineries Share Price |
Godavari Biorefineries IPO Grey Market Premium
The Godavari Biorefineries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Godavari Biorefineries IPO – Company Overview
They utilize sugarcane as a feedstock to manufacture a wide range of products, including sugar, ethanol, bio-based chemicals, and power and were among the first few companies in India to utilize sugarcane juice and syrup for production of ethanol.
They continuously strive to improve the valorization of sugarcane through the development of downstream products and increasing the diversion of sugarcane towards value-added products. They believe that through their long history of purchasing sugarcane and continued support provided to the farmers, they have established strong relationships and goodwill among the farmers.
Their Sameerwadi Manufacturing Facility is among the top ten sugar complexes in India and they are one of the largest producers of ethanol in India with an installed capacity of 380 KLPD as of June 30, 2021. The rectified spirits manufactured by them are converted into various grades of ethanol including fuel ethanol, pharma grade ethanol, and extra neutral alcohol (the “Rectified Spirits and Ethanol”).
In order to improve the valorization of sugarcane and in light of the government initiatives for increasing fuel ethanol blending, they intend to expand their capacity for manufacturing ethanol from 380 KLPD (as of June 30, 2021) to 570 KLPD and have obtained environmental clearance for such expansion. Further, their Company is evaluating the prospect of manufacturing of 2 nd generation ethanol and energy cane to improve the availability of feedstock for their distillery segment.
Godavari Biorefineries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 14,416.98 | 14,344.86 | 14,344.86 |
| *Total Revenue | 15,463.84 | 15,463.84 | 15,663.28 |
| Total Expense | 15,000.60 | 14,695.05 | 15,599.60 |
| Profit After Tax | 271.55 | 271.55 | 55.33 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 55.33 | 1.00 | 1.46 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 271.55 Million, Rs. 271.55 Million, and Rs. 55.33 Million respectively.
Godavari Biorefineries IPO – Promoters
The Promoter of this company is:
- SAMIR SHANTILAL SOMAIYA
- SOMAIYA AGENCIES PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Samir Shantilal Somaiya, Chairman and Managing Director
- Sangeeta Arunkumar Srivastava, Executive Director
- Bhalachandra Bakshi, Executive Director
- Suhas Uttam Godage, Additional Executive Director
- Hemant Luthra, Independent Director
- Kailash Pershad, Independent Director
Godavari Biorefineries IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Godavari Biorefineries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 41,943,023 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Godavari Biorefineries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/pre-payment, in full or in part, of certain borrowings availed by their Company;
2. Funding capital expenditure for expansion of sugarcane crushing capacity at Sameerwadi Manufacturing Facility (“Sugarcane Crushing Expansion”);
3. Funding capital expenditure for establishing a potash manufacturing unit at the Sameerwadi Manufacturing Facility (“Potash Unit”); and
4. General corporate purposes
Godavari Biorefineries IPO – Business Strategy
- Continuing to diversify product offerings and expanding their manufacturing capabilities
- Implementation of additional measures for improving feedstock security and increasing value derived from feedstock
- Increasing the share of the business of existing customers
- Continuing focus on the implementation of sustainable practices and strengthening their control over their inputs
- Reduction of borrowings and leverage
Godavari Biorefineries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of the largest producers of ethanol and a pioneer in manufacturing ethanol based chemicals in India;
- Fully integrated biorefinery company with well-established relationships with farmers of sugarcane
- Diversified product portfolio and well-established relationships with a diversified customer base across industries;
- Well developed in-house research and development capabilities; and
- Member of the Somaiya group and experienced promoter, board of directors, and key managerial personnel
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 6.47 | 12.72 | 50.90 |
| 31-Mar-20 | 1.00 | 2.18 | – |
| Mar-19 | 1.46 | 4.71 | – |
Godavari Biorefineries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Godavari Biorefineries Limited | 10 | [●] | 6.47 | 12.72 | 15,463.84 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Godavari Biorefineries IPO Lead Managers
| Lead Managers |
| Equirus Capital Private Limited
JM Financial Limited |
Godavari Biorefineries IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 247 Park L.B.S Marg, Vikhroli (West) Mumbai – 400 083, Maharashtra Telephone no.: +91 22 4918 6200 Email: godavari.ipo@linkintime.co.in Investor grievance email: godavari.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Godavari Biorefineries IPO – Other Details
- Statutory Auditor – Verma Mehta & Associates
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – Bank of India, Bank of Baroda, Union Bank of India, SVC Co-operative Bank Ltd, and IndusInd Bank Limited
Godavari Biorefineries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Godavari Biorefineries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Godavari Biorefineries IPO Review FAQs
Ques – What is the Issue Size of Godavari Biorefineries IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Godavari Biorefineries IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Godavari Biorefineries IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Godavari Biorefineries IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Godavari Biorefineries IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Godavari Biorefineries IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Godavari Biorefineries IPO?
Answer – Here are the promoters of this IPO – SAMIR SHANTILAL SOMAIYA AND SOMAIYA AGENCIES PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Godavari Biorefineries IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Godavari Biorefineries IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Godavari Biorefineries Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 271.55, 2020 is 271.55, 2019 is 55.33.
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