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GODAVARI BIOREFINERIES LIMITED

Main Board

Issue Price

₹334- ₹352

per equity share

Issue Size

1.13 crores

equity share

Face Value

₹ 10

per equity share

Market Lot

42

equity share

Please note

Listing at BSE ,NSE

GODAVARI BIOREFINERIES LIMITED

Important Dates

IPO Open Date

23 Oct 2024

IPO Close Date

25 Oct 2024

Allotment Date

28 Oct 2024

Initiation of Refunds

29 Oct 2024

Credit of Shares to Demat Account

29 Oct 2024

IPO Listing Date

30 Oct 2024

UPI Mandate Expiry Date

25 Oct 2024

IPO Details

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.

Parent Organisation

-

Founded

1956

Managing Director

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

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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