Godavari Biorefineries IPO

Godavari Biorefineries Ltd

₹14,028 /42 sharesMinimum Investment

Godavari Biorefineries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Oct ‘24 - 25 Oct ‘24₹14,02842₹334 - ₹352
Issue SizeIPO Doc
554.75Cr
RHP PDF

Subscription rate

As of 25 Oct'24, 04:00 PM
Qualified Institutional Buyers2.76x
Non-Institutional Investor0.88x
Retail Individual Investor1.61x
Total1.77x

About Godavari Biorefineries

Godavari Biorefineries is a manufacturer of ethanol-based chemicals in India, operating as an integrated bio-refinery. The company uses sugarcane as feedstock for manufacturing bio-based chemicals, sugar, various grades of ethanol, and power. The bio-based chemicals produced by Godavari Biorefineries are different ethanol-derived substances such as ethyl acetate, bio-ethyl acetate, MPO, 1,3 butylene glycol, crotonaldehyde, acetaldehyde, bio-acetic acid, butanol, ethyl vinyl ethers (EVE), and paraldehyde. These products are utilised across industries, including food, beverages, pharmaceuticals, flavours and fragrances, power generation, fuel, and personal care and cosmetics. Additionally, the ethanol produced is supplied to oil marketing companies (OMCs) and used in the beverage, pharmaceutical, and chemical industries. Godavari Biorefineries operates two manufacturing facilities. The Sameerwadi manufacturing facility is situated in the Bagalkot district of Karnataka, while the other facility is located in the Ahmednagar district of Maharashtra.;
Founded in
1956
Managing director
Mr. Samir Shantilal Somaiya
Parent organisation
Godavari Biorefineries Ltd
Godavari Biorefineries Ltd IPO
https://www.youtube.com/watch?v=ennOx5ljgMI

Strengths & Financials of Godavari Biorefineries

Strengths
Risks
Godavari Biorefineries claims to have established India’s first bio-based EVE manufacturing facility as of March 31, 2024.
The company’s Sameerwadi manufacturing facility has an 18,000 tonnes crushed per day (TCD) capacity as of June 30, 2024, and as of March 31, 2024, the company has an ethanol production capacity of 570 kilolitres per day (KLPD).
Godavari Biorefineries serves a prestigious clientele, including Hershey India Pvt Ltd, Hindustan Coca-Cola Beverages Private Limited, Karnataka Chemical Industries, Techno Waxchem Pvt Ltd, LANXESS India Private Limited, IFF Inc., Ankit Raj Organo Chemicals Limited, Escorts Chemical Industries, Khushbu Dye Chem Pvt Ltd, Privi Specialty Chemicals Limited, Shivam Industries, and OMCs.
The Sakarwadi manufacturing facility is ISO 9001:2015 certified for quality management systems, RC 14001:2015 certified for responsible chemical care, and ISO 14001:2015 certified for environmental management systems. Similarly, the Sameerwadi manufacturing facility is ISO 9001:2015 certified for quality management systems.
Godavari Biorefineries has served customers across more than 20 countries, including Australia, China, Germany, France, Italy, Japan, Kenya, the Netherlands, Singapore, the United Kingdom, the United Arab Emirates, Indonesia, and the United States of America.

Godavari Biorefineries Financials

*All values are in Rs. Cr
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Application Details of Godavari Biorefineries IPO

Apply asPrice bandApply upto
Regular334 - 352₹2 Lakh
High Networth Individual334 - 352₹2 - 5 Lakh
For Godavari Biorefineries IPO, eligible investors can apply as Regular.
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