The Godavari Biorefineries IPO is a book-built issue worth Rs 554.75 crores, comprising a fresh issue of 0.92 crore shares (Rs 325.00 crores) and an offer for sale of 0.65 crore shares (Rs 229.75 crores).
The IPO opens for subscription from October 23, 2024, to October 25, 2024. The allotment date is anticipated to be October 28, 2024, and the listing on BSE and NSE is tentatively scheduled for October 30, 2024.
Godavari Biorefineries operates in the bio-based chemicals and ethanol production sector. They are one of India’s largest producers of ethanol and manufacture a variety of bio-based chemicals, sugar, and power. Their products are used in industries such as food, beverages, pharmaceuticals, personal care, and cosmetics.
The price band for the IPO is set between ₹334 and ₹352 per share. Retail investors can apply for a minimum lot of 42 shares, which requires an investment of ₹14,784. For sNII (small non-institutional investors), the minimum investment is 14 lots (588 shares), amounting to ₹206,976, while for bNII (big non-institutional investors), it is 68 lots (2,856 shares), totaling ₹1,005,312.
Equirus Capital Private Limited and SBI Capital Markets Limited are the book-running lead managers for the issue, while Link Intime India Private Ltd is the registrar.
Godavari Biorefineries IPO Details:
| Company Name | Godavari Biorefineries Limited |
| Sector | Bio-based Chemicals and Ethanol Production |
| IPO Type | Mainboard |
| IPO Open date | 23rd Oct 2024 |
| IPO Close date | 25th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Godavari Biorefineries IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 42 | 14,784 |
| sHNI (Min) | 14 | 588 | 2,06,976 |
| bHNI (Min) | 68 | 2856 | 10,05,312 |
Godavari Biorefineries IPO Timeline:
| IPO Open Date | 23rd Oct 2024 |
| IPO Close Date | 25th Oct 2024 |
| Basis of Allotment | 28th Oct 2024 |
| Refund Initiation Date | 29th Oct 2024 |
| Shares Credit to Demat | 29th Oct 2024 |
| Listing Date | 30th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Godavari Biorefineries’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Bio-based Chemicals and Ethanol Production Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Godavari Biorefineries & Engineers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
