₹ 14784
₹334- ₹352
42
₹308
-12
25 Oct 2024
Download29 Oct 2024
30 Oct 2024
Application Details
The Godavari Biorefineries IPO will be open for subscription from October 23, 2024, to October 25, 2024. The face value of each share is ₹10, with a price band set between ₹334 to ₹352 per share. Investors can apply in lots of 42 shares, with a minimum investment of ₹14,784 for one lot. The maximum retail application allows for 13 lots, amounting to 546 shares for a total of ₹1,92,192.
The total issue size comprises 15,759,938 shares, aggregating to ₹554.75 crore. This includes a fresh issue of 9,232,955 shares (₹325 crore) and an offer for sale of 6,526,983 shares (₹229.75 crore).
Key dates for the IPO are as follows: the basis of allotment will be finalized on October 28, 2024, refunds will be initiated on October 29, 2024, and shares will be credited to Demat accounts on the same day. The company's listing is expected to take place on October 30, 2024.
About Godavari Biorefineries Limited
Company Overview
Godavari Biorefineries Limited, incorporated in January 1956 as Godavari Investment and Finance Corporation Ltd, operates as a major ethanol-based chemical manufacturer in India. The company changed its name to Godavari Biorefineries Limited in November 2006. As of June 30, 2024, the company operates an integrated biorefinery with an ethanol production capacity of 570 KLPD and is one of India’s largest ethanol producers.
Manufacturing Facilities
The company operates two main manufacturing facilities:
- Sameerwadi Facility: Located in Bagalkot district, Karnataka, this facility specializes in sugarcane crushing and produces sugar, ethanol, and power.
- Sakarwadi Facility: Located in Ahmednagar district, Maharashtra, this facility focuses on bio-based chemical production.
Product Portfolio
Godavari Biorefineries has a diversified product portfolio, including:
- Bio-based chemicals: Widely used in food, beverages, pharmaceuticals, flavors and fragrances, personal care, and cosmetics industries.
- Ethanol: The company produces multiple grades of ethanol, essential in the power and fuel industries.
- Sugar and power: Derived from its sugarcane feedstock, the company produces sugar and generates power for various applications.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.