Godavari Biorefineries Limited launched its IPO on October 23, 2024.
The Godavari Biorefineries IPO is a book-built issue that aims to raise ₹554.75 crores through a fresh issue of 0.92 crore shares and an offer for sale of 0.65 crore shares. With its IPO segment, the company plans to raise ₹325 crores from the fresh issue and ₹229.75 crores from the offer for sale. The IPO price band is set between ₹334 and ₹352 per share. Retail investors can participate with a minimum lot size of 42 shares. The IPO Allotment is expected on October 28, with listing on the BSE and NSE set for October 30.
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Godavari Biorefineries Limited IPO Details
| Detail | Information |
| IPO Opening Date | October 23, 2024 |
| IPO Closing Date | October 25, 2024 |
| Listing Date | October 30, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹334 to ₹352 per share |
| Lot Size | 42 shares |
| Total Issue Size | 15,759,938 shares (₹554.75 Cr) |
| Fresh Issue | 9,232,955 shares (₹325.00 Cr) |
| Offer for Sale | 6,526,983 shares (₹229.75 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Name of the Registrar | Link Intime India Private Limited |
| Shareholding Pre-Issue | 41,943,023 shares |
| Shareholding Post-Issue | 51,175,978 shares |
Overview of Godavari Biorefineries Limited
Godavari Biorefineries Limited was incorporated in 1956. It is a leading manufacturer of ethanol-based chemicals in India. The company operates an integrated biorefinery. It is the largest producer of MPO (Methyl Pentanediol) globally and the only Indian manufacturer of bioethyl acetate. The company’s products cater to industries like food, beverages, pharmaceuticals, personal care, and more.
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Godavari Biorefineries Limited IPO Key Details
- Godavari Biorefineries IPO Opening Date: October 23, 2024
- Godavari Biorefineries IPO Closing Date: October 25, 2024
- Godavari Biorefineries Allotment Date: October 28, 2024
- Godavari Biorefineries IPO Price Band: ₹334 to ₹352 per share
- Godavari Biorefineries IPO Lot Size: 42 shares
- IPO Refunds Initiated: October 29, 2024
- Shares Credited to Demat: October 29, 2024
- IPO Listing Date: October 30, 2024
Godavari Biorefineries Ltd: Financial Highlights
Godavari Biorefineries has shown fluctuations in its financial performance over the years.
Here’s a look at its overall performance in the past few years.
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 30 Jun 2024 | 1,554.62 | 525.27 | -26.11 | 233.84 | 703.75 |
| 31 Mar 2023 | 1,743.52 | 2,023.08 | 19.64 | 249.01 | 738.01 |
| 31 Mar 2022 | 1,733.54 | 1,709.98 | 19.10 | 232.57 | 636.72 |
FAQs | Godavari Biorefineries Ltd IPO
Godavari Biorefineries Ltd is a leading manufacturer of bio-based chemicals and ethanol products, operating since 1956.
The bidding date for the Godavari Biorefineries IPO is from October 23, 2024, to October 25, 2024.
The IPO lot size for Godavari Biorefineries is 42 shares.
The Godavari Biorefineries IPO launch date is October 23, 2024, and it will remain open until October 25, 2024.
You can check the allotment of IPO shares through the official registrar’s website.
The IPO face value is ₹10 per share.
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