Godavari Biorefineries Limited IPO
Godavari Biorefineries Limited IPO
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The Initial Public Offering of Godavari Biorefineries Limited's culminated in its successful listing on 30-10-2024 at the NSE, BSE trading platform. The company secured 1,57,59,937 Shares through this capital market exercise, with 92,32,954 Shares allocated to new capital formation and ₹229.75 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹334 to ₹352, with minimum investment requirements of 42 shares. The subscription period from 23-10-2024 to 25-10-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 29-10-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Godavari Biorefineries IPO About Company
Incorporated in 1956, Godavari Biorefineries Limited is a leading Indian manufacturer of ethanol-based chemicals, operating an integrated biorefinery with a 570 KLPD ethanol production capacity as of June 30, 2024. The company is the world’s largest producer of MPO by installed capacity, one of only two manufacturers of natural 1,3-butanediol, and the sole producer of bio ethyl acetate in India. Its diverse portfolio spans bio-based chemicals, sugar, multiple ethanol grades, and power, serving industries such as food and beverages, pharmaceuticals, cosmetics, personal care, and energy. With manufacturing units in Bagalkot (Karnataka) and Ahmednagar (Maharashtra), the company is backed by three DSIR-registered R&D centers, 52 research professionals including eight PhD scientists, 18 patents, and 53 international product and process registrations. Serving clients in over 20 countries—including the U.S., UK, Germany, Japan, and China—and key customers like Hershey India, Hindustan Coca-Cola, and LANXESS India, Godavari Biorefineries employed 1,583 permanent staff, including 437 semiskilled and unskilled workers, as of June 30, 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Godavari Biorefineries IPO Strength Factors
- Market Leadership: Among India’s top ethanol producers with a large integrated biorefinery.
- Diversified Portfolio: Bio-based chemicals, ethanol grades, sugar, and power for multiple industries.
- Strong Client Relationships: Long-term partnerships with global brands and oil companies.
Godavari Biorefineries IPO Risk Factors
- Supplier Dependency: Heavy reliance on a few key raw material suppliers may disrupt operations.
- Rising Material Costs: Increased input costs could affect profitability.
- Customer Concentration: Revenue risk from dependence on a few major customers.
Godavari Biorefineries IPO Lead Manager(s)
- Equirus Capital Private Limited
- SBI Capital Markets Limited
Godavari Biorefineries IPO Promoter(s)
- Samir Shantilal Somaiya
- Lakshmiwadi Mines and
- Minerals Private Limited
- Somaiya Agencies Private Limited
Godavari Biorefineries IPO FAQs
Godavari Biorefineries Limited IPO subscribed 1.87 times. The public issue subscribed 1.76 times in the retail category,2.76times in QIB, and 0.56 times in the HNI (10+) category byNovember 19, 2025 6:52:56 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Godavari Biorefineries IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Godavari Biorefineries IPO FAQs
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