The Godavari Biorefineries IPO, valued at ₹554.75 crores, will be issued as a book-built offering. It includes a fresh issue of 0.92 crore shares, amounting to ₹325.00 crores, along with an offer for sale of 0.65 crore shares, aggregating to ₹229.75 crores.
The subscription for the Godavari Biorefineries IPO is scheduled from October 23, 2024, to October 25, 2024. The allotment is expected to be finalized on October 28, 2024, with a tentative listing date set for October 30, 2024, on both the BSE and NSE.
The IPO's price band has been set between ₹334 and ₹352 per share, with a minimum application size of 42 shares. The minimum investment for retail investors is ₹14,784. For sNII investors, the minimum investment will be 14 lots (588 shares), totaling ₹206,976, while for bNII investors, it will be 68 lots (2,856 shares), amounting to ₹1,005,312.
| IPO Date | October 23, 2024 to October 25, 2024 |
| Listing Date | -- |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 334 to ₹ 352 / Share |
| Lot Size | 42 Shares |
| Total Issue Size | ₹554.75 Cr |
| Fresh Issue | ₹325.00 Cr |
| Offer for Sale | ₹229.75 Cr |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 41,943,023 |
| Share holding post issue | 51,175,978 |
| Market Maker portion |
Godavari Biorefineries Limited IPO opens on October 23, 2024, and closes on October 25, 2024.
| IPO Open Date | October 23, 2024 |
| IPO Close Date | October 25, 2024 |
| Basis of Allotment | October 28, 2024 |
| Initiation of Refunds | October 29, 2024 |
| Credit of Shares to Demat | October 29, 2024 |
| Listing Date | -- |
| Cut-off time for UPI mandate confirmation | October 25, 2024 |
Bids for the IPO can be placed for a minimum of 42 shares and in multiples of that amount. The table below illustrates the minimum and maximum investment requirements for retail investors and HNIs, detailing the number of shares and the corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | Rs.14,784 |
| Retail (Max) | 13 | 546 | Rs.192,192 |
| S-HNI (Min) | 14 | 588 | Rs.206,976 |
| S-HNI (Max) | 67 | 2,814 | Rs.990,528 |
| B-HNI (Min) | 68 | 2,856 | Rs.1,005,312 |
| HNI (Min) |
| Share Holding Pre Issue | |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
| KPI | Values |
|---|---|
| ROE | -11.16% |
| ROCE | -2.35% |
| Debt/Equity | 3.01 |
| RoNW | -11.16% |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
The net proceeds from the fresh issue are intended to be utilized for the following purposes:
Godavari Biorefineries Limited Somaiya Bhavan, 45/47, M.G. Road Fort, Mumbai - 400001 Phone: +91 22 6170 2177 Email: investors@somaiya.com |
Phone: +91-22-4918 6270 Email: godavari.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
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