GODAVARI BIOREFINERIES LIMITED

23 Oct 2024 - 25 Oct 2024 Individual Category IPO BSE NSE

Min Investment

₹28056

Price Band

₹334-₹352

Issue Size

112.75 lakhs
Equity Shares

Lot Size

42 (per lot)

IPO Dates
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23 Oct 2024

Open Date

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25 Oct 2024

Close Date

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28 Oct 2024

Allotment Date

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30 Oct 2024

Listing Date

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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About Godavari Biorefineries Limited

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.

Founded

1956

Managing Director

Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals Private Limited, and Somaiya Agencies Privat

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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