Godavari Biorefineries Limited (MAINBOARD)
Oct 23, 2024 - Oct 25, 2024
| Price | ₹334 - ₹352 |
| Premium | ₹5 |
|---|---|
| Lot size | 42 |
| Allotment | Oct 29, 2024 |
| Listing | Oct 30, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 42 | 14784 | 131333 |
| sHNI | 14 | 588 | 206976 | 1340 |
| bHNI | 68 | 2856 | 1005312 | 2680 |
Last updated on 25-Oct-2024 19:03:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3151989 | 8689212 | 2.76 |
| HNIs | 2363991 | 2198112 | 0.93 |
| HNIs 10+ | 1575994 | 875070 | 0.56 |
| HNIs 2+ | 787997 | 1323042 | 1.68 |
| Retail | 5515978 | 9731736 | 1.76 |
| Total | 11031958 | 20619060 | 1.87 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2680 | 216 | 0.08 |
| HNIs (2-10L) | 1340 | 1999 | 1.49 |
| Retail | 131333 | 200833 | 1.53 |
| Total Applications: 203048 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 110.95 | 305.86 | 2.76 |
| FIIs | - | 0.02 | - |
| DIIs | - | 0 | - |
| Mutual funds | - | 215.54 | - |
| Others | - | 90.3 | - |
| HNIs | 83.21 | 77.37 | 0.93 |
| HNIs 10+ | 55.47 | 30.8 | 0.56 |
| HNIs 2+ | 27.74 | 46.57 | 1.68 |
| Retail | 194.16 | 342.56 | 1.76 |
| Total | 388.32 | 725.79 | 1.87 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.3 | @8% ₹1.49 | @9% ₹1.68 | @10% ₹1.86 | @11% ₹2.05 | @12% ₹2.24 |
Godavari Biorefineries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | -11.16% | 4.73% | 7.89% |
| ROCE | -2.35% | 9.53% | 10.59% |
| RONW | -11.16% | 4.73% | 7.89% |
| D/E | 3.01 | 2.55 | 2.96 |
| EPS (basic) | 6.22 | 2.93 | 4.68 |
| P/E Pre IPO | 120.04 | ||
| P/E Post IPO | -17.25 |
Company Financials
Godavari Biorefineries Limited Financial Information (Restated Consolidated)
Godavari Biorefineries Limited's revenue decreased by -15.92% and profit after tax (PAT) dropped by -37.37% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Assets | 1,554.62 | 1,991.66 | 1,743.52 | 1,733.54 |
| Revenue | 525.27 | 1,701.06 | 2,023.08 | 1,709.98 |
| Profit | -26.11 | 12.30 | 19.64 | 19.10 |
| Net Worth | 233.84 | 260.25 | 249.01 | 232.57 |
| Reserves | 432.34 | 458.74 | 447.51 | 431.06 |
| Borrowing | 703.75 | 663.27 | 738.01 | 636.72 |
| Amount in ₹ Crore | ||||
About Company
Incorporated in 1956, Godavari Biorefineries Limited is a leading manufacturer of ethanol-based chemicals in India, operating an integrated biorefinery with a capacity of 570 KLPD for ethanol production as of June 30, 2024. It is the largest global producer of MPO by installed capacity, one of only two manufacturers of natural 1,3-butanediol, and the sole producer of bio ethyl acetate in India. The company offers a diverse product portfolio including bio-based chemicals, sugar, various ethanol grades, and power, serving industries such as food, beverages, pharmaceuticals, personal care, cosmetics, and power. Godavari Biorefineries operates two manufacturing facilities in Bagalkot, Karnataka, and Ahmednagar, Maharashtra, and has three R&D centers registered with the DSIR. The company employs 52 permanent research staff, including eight PhD scientists, and holds 18 patents with 53 product/process registrations across various countries. With a global client base that includes major companies like Hershey India, Hindustan Coca-Cola, and LANXESS India, the company serves customers in over 20 countries, including the U.S., UK, Germany, Japan, and China. As of June 30, 2024, it employed 1,583 permanent staff, including 437 semiskilled and unskilled workers.
Equirus Capital Private Limited
SBI Capital Markets Limited
Ethanol Market Leadership: One of India's largest ethanol producers by volume, supported by a 570 KLPD integrated biorefinery as of March 31, 2024.
Diversified Product Portfolio: Offers a broad range of bio-based chemicals, ethanol grades, sugar, and power, serving multiple industries like food, pharmaceuticals, and cosmetics.
Strong Client Relationships: Long-standing partnerships with marquee clients across industries and geographies, including major global brands and oil companies.
Supplier Dependency: Reliance on a few key suppliers for raw materials (excluding sugarcane) could disrupt operations if supply issues arise.
Rising Material Costs: Increases in material costs, which make up a significant portion of expenses, could impact profitability if not offset by product pricing.
Customer Concentration: Dependence on a few major customers means that losing one or more could negatively affect revenue, cash flow, and overall business performance.
Phone: +91-22-4918 6270
Email: godavari.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html