Godawari Biorefineries IPO: All You Need to Know

The manufacturer of ethanol-based chemicals, Godavari Biorefineries Limited is set to launch its ₹554.75 crore IPO.  Godavari Biorefineries IPO is a combination of a fresh issue of 0.92 crore shares aggregating to ₹325.00 crores and an offer for sale of 0.65 crore shares aggregating to Rs 229.75 crores.

Godavari Biorefineries IPO opens for subscription on October 23, 2024 and closes on October 25, 2024. Godavari Biorefineries IPO allotment is expected to be finalised on October 28, 2024. Godavari Biorefineries IPO will be listed on BSE and NSE with a tentative listing date of October 30, 2024.

The price band for Godavari Biorefineries IPO has been set at ₹334 to ₹352 per share. The minimum lot size for an application is 42 Shares. The minimum amount of investment required by retail investors is ₹14,784. 

The company has appointed Equirus Capital Private Limited and SBI Capital Markets Limited as the book-running lead managers, while Link Intime India Private Ltd is the registrar for the issue.

About Godavari Biorefineries Limited

Godavari Biorefineries Limited produces ethanol-based chemicals in India. As of June 30, 2024, the company operates an integrated biorefinery with a capacity of 570 KLPD for ethanol production. As of March 31, 2024, it is the largest MPO producer globally by installed capacity. It is one of only two manufacturers of natural 1,3-butanediol and the sole producer of bio ethyl acetate in India.

The company’s product range includes bio-based chemicals, sugar, various ethanol grades, and power, which serve industries such as food and beverages, pharmaceuticals, flavours and fragrances, energy, fuel, personal care, and cosmetics.

Godavari Biorefineries has three research and development facilities recognized by the Department of Scientific and Industrial Research (DSIR): one at the Sakarwadi Manufacturing Facility, another at the Sameerwadi Manufacturing Facility, and one in Navi Mumbai, Maharashtra. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.