Godavari Biorefineries Ltd IPO
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Godavari Biorefineries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 157.6 L | ₹ 65.27 L | ₹ 55.16 L | ₹ 340 L | BSE | ₹ 554.75 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Oct, 24 | 25 Oct, 24 | 42 | ₹ 14,028 | Book Building | 30 Oct, 24 |
Godavari Biorefineries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Sugar |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 7879969 | 6258 |
| NII | 0.12x | 2363991 | 285012 |
| Retail | 0.5x | 5515978 | 2756754 |
| Employee | 0x | 0 | 0 |
| Total | 0.19x | 15759938 | 3048024 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Godavari Biorefineries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 69.97 | 73.03 | 76.62 |
| EBITDA | 129.60 | 122.61 | 124.12 |
| PAT | 10.56 | 12.00 | 16.33 |
| Total Assets | 1,054.25 | 805.36 | 976.40 |
| Share Capital | 41.94 | 41.94 | 41.94 |
| Total Borrowings | 596.80 | 687.16 | 643.36 |
| Operating Activities (Net Cash) | 70.19 | 61.58 | 63.83 |
| Investing Activities (Net Cash) | -13.10 | -1.00 | -36.31 |
| Financing Activities (Net Cash) | 596.80 | 687.16 | 643.36 |
| Net Cashflow | 22.66 | 24.14 | 38.25 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Godavari Biorefineries Ltd
Our Company was originally incorporated as Godavari Investment and Finance Corporation Limited in Mumbai, Maharashtra as a public limited company under the Indian Companies Act, 1913, pursuant to a certificate of incorporation dated January 12, 1956, issued by the Registrar of Companies, Bombay. Subsequently, the name of our Company was changed to Godavari Biorefineries Limited and a fresh certificate of incorporation consequent upon the change of name was issued by the Registrar of Companies, Maharashtra at Mumbai on November 10, 2006.
The bio-based chemicals market has been growing exponentially owing to the increasing need for environmentally sustainable solutions. The global market for bio-based chemicals in 2023 was valued at USD 97.2 billion and has grown at a CAGR of 10.4% from 2017-23.
We are one of the prominent manufacturers of ethanol based chemicals in India and as at March 31, 2024, we have the largest integrated bio-refinery in India in terms of installed capacity. We are one of India's largest producers of ethanol in terms of volume as of March 31, 2024. Our diversified product portfolio comprises of bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, beverages, pharmaceuticals, flavours & fragrances, power, fuel, personal care and cosmetics.
Peer Comparison:
- Alkyl Amines Chemicals Ltd
- Jubilant Ingrevia Ltd
- Laxmi Organic Industries Ltd
- EID Parry (India) Ltd
- Triveni Engineering and Industries Ltd
- Balrampur Chini Mills Ltd
- Dalmia Bharat Sugar & Industries Ltd
- Dhampur Sugar Mills Ltd
- Dwarikesh Sugar Industries Ltd
Godavari Biorefineries Ltd IPO Key Points
Strengths
- One of the manufacturers of ethanol-based chemicals in India and one of India's largest producers of ethanol in terms of volume.
- Integrated biorefinery with an installed capacity of 570 KLPD for manufacturing ethanol as at March 31, 2024.
- Diversified product portfolio and well-established relationship with a diversified marquee customer base across industries and geographies.
- Well-developed in-house research and development capabilities.
- Member of the Somaiya group and experienced promoter, board of directors, key managerial personnel and senior management.
Risk
- The company depends on a few suppliers for supply of a significant portion of raw materials (excluding sugarcane). Any failures to procure such raw materials from these suppliers may have an adverse impact on its manufacturing operations and results of operations.
- The company derives a significant portion of its revenue from a few customers and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company derives a significant portion of its revenue from a few products. The company results of operations may be adversely affected if revenue from such products decline.
Strategy
- Continuing to diversify product offerings and improving operational efficiency.
- Implementation of additional measures for improving feedstock security and increasing value derived from feedstock.
- Increasing the share of business of existing customers and further diversifying our customer base.
- Continuing focus on implementation of sustainable practices and strengthening our control over our inputs.
- Reduction of borrowings and leverage.
- One of the manufacturers of ethanol-based chemicals in India and one of India's largest producers of ethanol in terms of volume.
- Integrated biorefinery with an installed capacity of 570 KLPD for manufacturing ethanol as at March 31, 2024.
- Diversified product portfolio and well-established relationship with a diversified marquee customer base across industries and geographies.
- Well-developed in-house research and development capabilities.
- Member of the Somaiya group and experienced promoter, board of directors, key managerial personnel and senior management.
How To Apply for Godavari Biorefineries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.