Godavari Biorefineries IPO GMP, Price Band, Open Date, Allotment Status

Godavari Biorefineries IPO GMP quotation is zero. The upper price band is decided at Rs 352. The grey market premium quotation seems to have not started. GMP is an amount which shows how much premium an investor wants to pay for the upcoming IPO.

Godavari Biorefineries IPO opens for subscription from Wednesday, October 23, 2024, and closes on Friday, October 25, 2024. It is a book-built issue of Rs 554.75 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 0.92 crore equity shares amounting to Rs 325 crores and OFS is of 0.65 crore equity shares amounting to Rs 229.75 crore.

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Godavari Biorefineries IPO GMP

Godavari Biorefineries IPO GMP quotation is not yet started. You can check the GMP price from the first day of subscription. If the subscription got oversubscribed then Godavari Biorefineries IPO GMP might rise in the coming days.

Godavari Biorefineries IPO Price Band

Godavari Biorefineries IPO price band is Rs 334 to Rs 352 per share. The minimum lot size set for the retail category is 42 shares. The minimum lot size for small NII is 14 lots consisting of 588 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 2,856 shares.

The minimum investment required for retail category investors is Rs 14,784. However, for small non-institutional investors, the minimum investment amount required is Rs 2,06,976 for big non-institutional investors, it is Rs 10,05,312.

Godavari Biorefineries IPO Allotment Status

Godavari Biorefineries IPO allotment status is expected to be finalised on Thursday, October 24, 2024. The listing will be on the BSE, NSE platform on Monday, October 28, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Godavari Biorefineries IPO Listing Date 

Godavari Biorefineries IPO listing date of the company’s listing date is decided on October 30, 2024. The Listing will be on both the exchanges NSE and BSE. Retail investors can sell the shares after 10 AM on the listing day.

Godavari Biorefineries IPO: Listing Date , Lot Size, Price Band

Godavari Biorefineries Limited: About the Company

Godavari Biorefineries Limited incorporated in 1956, manufactures ethanol-based chemicals in India. The company operates an integrated biorefinery with a capacity of 570 KLPD for ethanol production. Godavari Biorefineries product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power. These products are used in industries such as food, beverages, pharmaceuticals, flavours and fragrances, power, fuel, personal care, and cosmetics.

The company has three research and development facilities registered with the Department of Scientific and Industrial Research (DSIR): one at the Sakarwadi Manufacturing Facility, one at the Sameerwadi Manufacturing Facility, and one in Navi Mumbai, Maharashtra. As of June 30, 2024, the company employs 52 permanent research staff, including eight scientists with doctoral degrees.

Godavari Biorefineries IPO Objectives

Godavari Biorefineries IPO objective is to raise funds from the general public. The net funds raised from this IPO will be utilised for meeting the day-to-day capital needs of the company. The remaining money will be used for repayment of past borrowings and fulfilling the general corporate purposes.

Godavari Biorefineries IPO: Key Dates, Allotment, Listing Date 

Godavari Biorefineries IPO Subscription Details, IPO Reservation

Godavari Biorefineries IPO subscription details will be available after the IPO opens on 23 October 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non Institutional investors.

Godavari Biorefineries IPO Lot Size Details

Godavari Biorefineries, IPO lot size, is set at 42 shares per lot. For retail, the minimum lot size is 1 lot, amounting to Rs 14,784, and the maximum is 13 lots, amounting to Rs 1,92,192. For small HNI, the minimum lot size is 14, amounting to Rs 2,06,976, and the maximum is 67 lots, amounting to Rs 9,90,528. For the big HNI, the minimum is 68 lots.

 Godavari Biorefineries IPO Promoter Holdings

Godavari Biorefineries IPO promoters are Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, and Somaiya Agencies Private Limited. The promoters' shareholdings before the IPO were 81.06%; however, after the IPO, shareholdings will decline to 63.31%. 

Godavari Biorefineries Limited Company Financials (Amt in Crore)

Godavari Biorefineries Limited posted revenue of Rs 525.27 crore and net loss of Rs -26.11 crore for the period ending on 30 Jun 2024. The company’s revenue decreased by -15.92% and PAT dropped by -37.37% between the FY ending on 31 March 2024 and 31 March 2023.

Godavari Biorefineries IPO Registrar

Godavari Biorefineries IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on Link Intime India and select the name of the company and enter PAN number or application ID to know their allotment status.

Godavari Biorefineries IPO Lead Managers

Godavari Biorefineries IPO lead managers are Equirus Capital Private Limited and SBI Markets Limited.

How to apply to Godavari Biorefineries IPO

Interested investors can apply to the Godavari Biorefineries IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Godavari Biorefineries IPO Review 

Godavari Biorefineries IPO might not get a positive response from the general public. The company's finances are not good and revenue is decreasing. Godavari Biorefineries's IPO GMP is also very low.

Godavari Biorefineries IPO FAQ 

1. What are the details of the Godavari Biorefineries IPO?

 Godavari Biorefineries IPO is a book-built issue of Rs 554.75 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 0.92 crore equity shares amounting to Rs 325 crores and OFS is of 0.65 crore equity shares amounting to Rs 229.75 crore.

 2. When will the Godavari Biorefineries IPO open and close?

 Godavari Biorefineries IPO opens for subscription from Wednesday, October 23, 2024, and closes on Friday, October 25, 2024. Godavari Biorefineries IPO allotment is expected to be finalised on Monday, October 28, 2024.

 3. What is Godavari Biorefineries IPO GMP?

 Godavari Biorefineries IPO GMP quotation is not yet started. You can check the GMP price on the first day of your subscription. If the subscription got oversubscribed, then Godavari Biorefineries IPO GMP might rise in the coming days.

 4. What are the details of Godavari Biorefineries IPO reservation?

 Godavari Biorefineries IPO subscription details will be available after the IPO opens on 23 October 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Net Institutional investors.

 5. Write the details of the IPO Allotment?

 Godavari Biorefineries IPO allotment status is expected to be finalised on Thursday, October 24, 2024. The listing will be on the BSE, NSE platform on Monday, October 28, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

 6. Who is the registrar and lead managers for Godavari Biorefineries IPO?

 Godavari Biorefineries IPO Registrar is Link Intime India Limited. The book-running lead manager for this IPO is Equirus Capital Private Limited and SBI Markets Limited. Investors can check the allotment status in the Link Intime India Private Limited official website. 

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners