{"id":4487,"date":"2024-10-21T11:09:16","date_gmt":"2024-10-21T05:39:16","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4487"},"modified":"2024-10-21T11:16:29","modified_gmt":"2024-10-21T05:46:29","slug":"review-of-godavari-biorefineries-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-godavari-biorefineries-ipo\/","title":{"rendered":"Review of Godavari Biorefineries Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n<p><strong>Godavari Biorefineries IPO Price: <\/strong>\u20b9334 to \u20b9352 per share<strong><br>IPO Dates:<\/strong> 23 October 2024 &#8211; 25 October 2024<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"598\" height=\"939\" src=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Godavari-Biorefineries-Logo.png\" alt=\"Godavari Biorefineries IPO\" class=\"wp-image-4498\" style=\"width:115px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Godavari-Biorefineries-Logo.png 598w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/10\/Godavari-Biorefineries-Logo-191x300.png 191w\" sizes=\"(max-width: 598px) 100vw, 598px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h2>\n\n\n\n<p>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\u2019s largest ethanol producers.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Manufacturing Facilities<\/strong><\/h2>\n\n\n\n<p>The company operates two main manufacturing facilities:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sameerwadi Facility<\/strong>: Located in Bagalkot district, Karnataka, this facility specializes in sugarcane crushing and produces sugar, ethanol, and power.<\/li>\n\n\n\n<li><strong>Sakarwadi Facility<\/strong>: Located in Ahmednagar district, Maharashtra, this facility focuses on bio-based chemical production.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Product Portfolio<\/strong><\/h2>\n\n\n\n<p>Godavari Biorefineries has a diversified product portfolio, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bio-based chemicals<\/strong>: Widely used in food, beverages, pharmaceuticals, flavors and fragrances, personal care, and cosmetics industries.<\/li>\n\n\n\n<li><strong>Ethanol<\/strong>: The company produces multiple grades of ethanol, essential in the power and fuel industries.<\/li>\n\n\n\n<li><strong>Sugar and power<\/strong>: Derived from its sugarcane feedstock, the company produces sugar and generates power for various applications.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market Leadership and Innovation<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The company is the world&#8217;s largest producer of MPO (3 Methyl-3 Penten-2-One) by installed capacity as of March 31, 2024.<\/li>\n\n\n\n<li>It is one of only two manufacturers of natural 1,3-butanediol and the only Indian company producing bio-ethyl acetate.<\/li>\n\n\n\n<li>Godavari Biorefineries has also set up India\u2019s first bio-based ethyl vinyl ether (EVE) manufacturing facility.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Research and Development<\/strong><\/h2>\n\n\n\n<p>Godavari Biorefineries has a strong focus on research and innovation. The company operates three R&amp;D facilities registered with the Department of Scientific and Industrial Research (DSIR), located in Sakarwadi, Sameerwadi, and Navi Mumbai, Maharashtra. The research team includes 52 permanent staff, with eight PhD scientists working on various projects.<\/p>\n\n\n\n<p>As of October 2024, the company <span style=\"margin: 0px;padding: 0px\">obtained\u00a018 patents\u00a0and\u00a0<\/span>53 registrations for products and processes across multiple countries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Global Reach and Clientele<\/strong><\/h2>\n\n\n\n<p>Godavari Biorefineries serves customers in over 20 countries, including Australia, China, Germany, France, Italy, Japan, Kenya, the Netherlands, Singapore, the United Kingdom, the United States, and more. The company&#8217;s client base features renowned names such as Hershey India Pvt Ltd, Hindustan Coca-Cola Beverages, LANXESS India, and several others.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Expansion Plans<\/strong><\/h2>\n\n\n\n<p>In response to government initiatives to increase fuel ethanol blending, Godavari Biorefineries plans to expand its distillery capacity from 600 KLPD (as of June 2024) to 1,000 KLPD.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Competitive Strengths<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Experienced Leadership<\/strong>: Godavari Biorefineries benefits from its association with the Somaiya group and a highly experienced management team.<\/li>\n\n\n\n<li><strong>Ethanol Production<\/strong>: One of India&#8217;s largest producers of ethanol by volume.<\/li>\n\n\n\n<li><strong>Integrated Biorefinery<\/strong>: The company operates a fully integrated biorefinery with a capacity of 570 KLPD for ethanol production.<\/li>\n\n\n\n<li><strong>Diversified Portfolio<\/strong>: It offers a wide range of bio-based products, with applications in industries ranging from food and beverages to personal care.<\/li>\n\n\n\n<li><strong>Strong R&amp;D Capabilities<\/strong>: The company has well-developed in-house research and development facilities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n<div\n\t\tclass=\"free align wp-block-ctb-countdown-time\"\tid='ctbCountdownTime-1'\n\tdata-nonce='&quot;20f22e1c8f&quot;'\n\tdata-attributes='{&quot;cId&quot;:&quot;b4f3b6db-e&quot;,&quot;destDate&quot;:&quot;2024-10-23T10:00:00&quot;,&quot;padding&quot;:{&quot;vertical&quot;:&quot;10px&quot;,&quot;horizontal&quot;:&quot;15px&quot;,&quot;side&quot;:4,&quot;top&quot;:&quot;10px&quot;,&quot;right&quot;:&quot;15px&quot;,&quot;bottom&quot;:&quot;10px&quot;,&quot;left&quot;:&quot;15px&quot;},&quot;shadow&quot;:{&quot;hOffset&quot;:&quot;1px&quot;,&quot;color&quot;:&quot;rgba(204, 31, 31, 1)&quot;},&quot;boxBG&quot;:{&quot;type&quot;:&quot;solid&quot;,&quot;color&quot;:&quot;var(--ast-global-color-5)&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg,rgb(254,209,199) 45%,rgb(254,141,198) 100%)&quot;},&quot;boxBorder&quot;:{&quot;radius&quot;:&quot;5%&quot;,&quot;color&quot;:&quot;var(--ast-global-color-3)&quot;,&quot;width&quot;:&quot;3px&quot;},&quot;boxShadow&quot;:{&quot;color&quot;:&quot;rgba(57, 64, 67, 1)&quot;,&quot;hOffset&quot;:&quot;2px&quot;,&quot;vOffset&quot;:&quot;2px&quot;,&quot;blur&quot;:&quot;10px&quot;,&quot;spreed&quot;:&quot;2px&quot;},&quot;digitColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;labelColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;isSep&quot;:true,&quot;sepSize&quot;:68,&quot;sepColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;align&quot;:&quot;&quot;,&quot;layout&quot;:&quot;default&quot;,&quot;isResponsive&quot;:true,&quot;boxIsInline&quot;:false,&quot;boxPosition&quot;:&quot;center&quot;,&quot;isLabels&quot;:true,&quot;isDays&quot;:true,&quot;daysLabel&quot;:&quot;Days&quot;,&quot;isHours&quot;:true,&quot;hoursLabel&quot;:&quot;Hours&quot;,&quot;isMinutes&quot;:true,&quot;minutesLabel&quot;:&quot;Minutes&quot;,&quot;isSeconds&quot;:true,&quot;secondsLabel&quot;:&quot;Seconds&quot;,&quot;isExpired&quot;:false,&quot;hideOn0&quot;:false,&quot;hideOnMobile&quot;:false,&quot;hideOnTablet&quot;:false,&quot;prefixSuffixDirection&quot;:&quot;row&quot;,&quot;prefixText&quot;:&quot;&quot;,&quot;suffixButtonText&quot;:&quot;&quot;,&quot;suffixButtonUrl&quot;:&quot;#&quot;,&quot;addID&quot;:&quot;&quot;,&quot;addClass&quot;:&quot;&quot;,&quot;addCSS&quot;:&quot;&quot;,&quot;width&quot;:&quot;0px&quot;,&quot;background&quot;:{&quot;color&quot;:&quot;#0000&quot;},&quot;alignment&quot;:&quot;center&quot;,&quot;boxWidth&quot;:&quot;170px&quot;,&quot;boxHeight&quot;:&quot;120px&quot;,&quot;boxSpace&quot;:&quot;30px&quot;,&quot;digitTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;48px&quot;,&quot;tablet&quot;:&quot;40px&quot;,&quot;mobile&quot;:&quot;32px&quot;}},&quot;labelTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;18px&quot;,&quot;tablet&quot;:&quot;17px&quot;,&quot;mobile&quot;:&quot;16px&quot;}},&quot;isDaysSingleStyle&quot;:false,&quot;daysBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;daysDigitColor&quot;:&quot;#fff&quot;,&quot;daysLabelColor&quot;:&quot;#fff&quot;,&quot;isHoursSingleStyle&quot;:false,&quot;hoursBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;hoursDigitColor&quot;:&quot;#fff&quot;,&quot;hoursLabelColor&quot;:&quot;#fff&quot;,&quot;isMinutesSingleStyle&quot;:false,&quot;minutesBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;minutesDigitColor&quot;:&quot;#fff&quot;,&quot;minutesLabelColor&quot;:&quot;#fff&quot;,&quot;isSecondsSingleStyle&quot;:false,&quot;secondsBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;secondsDigitColor&quot;:&quot;#fff&quot;,&quot;secondsLabelColor&quot;:&quot;#fff&quot;,&quot;sepType&quot;:&quot;:&quot;,&quot;prefixTextTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;15px&quot;}},&quot;prefixTextColor&quot;:&quot;#222&quot;,&quot;suffixButtonTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;16px&quot;}},&quot;suffixButtonColors&quot;:{&quot;color&quot;:&quot;#fff&quot;,&quot;bg&quot;:&quot;#222&quot;},&quot;suffixButtonPadding&quot;:{&quot;vertical&quot;:&quot;14px&quot;,&quot;horizontal&quot;:&quot;28px&quot;},&quot;isDismiss&quot;:false,&quot;dismissColor&quot;:&quot;#333&quot;}'\n\tdata-content='&quot;&quot;'\n><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-buttons alignfull is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-03627597 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill has-medium-font-size\"><a class=\"wp-block-button__link has-ast-global-color-5-color has-text-color has-link-color wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" style=\"border-width:18px;border-radius:32px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--50)\" target=\"_blank\" rel=\"https:\/\/lakshmishree.com\/ipo\/ noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Godavari Biorefineries IPO<\/strong> Specifics:<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>October 23, 2024 to October 25, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, October 30, 2024<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9334 to \u20b9352 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>42 Shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>15,759,938 shares<br>(aggregating up to \u20b9554.75 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>9,232,955 shares<br>(aggregating up to \u20b9325.00 Cr)<\/td><\/tr><tr><td>Offer For Sale<\/td><td>6,526,983 shares of \u20b910<br>(aggregating up to \u20b9229.75 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>41,943,023<\/td><\/tr><tr><td>Share holding post issue<\/td><td>51,175,978<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Godavari Biorefineries IPO<\/strong> Timetable (Important Dates)<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Wednesday, October 23, 2024<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Friday, October 25, 2024<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Monday, October 28, 2024<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Tuesday, October 29, 2024<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Tuesday, October 29, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, October 30, 2024<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on October 23, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Godavari Biorefineries IPO<\/strong> Lot Size<\/h2>\n\n\n\n<p>Bidders have the opportunity to bid for a minimum of 42 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>42<\/td><td>\u20b914,784<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>546<\/td><td>\u20b91,92,192<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>588<\/td><td>\u20b92,06,976<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>67<\/td><td>2,814<\/td><td>\u20b99,90,528<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>68<\/td><td>2,856<\/td><td>\u20b910,05,312<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Godavari Biorefineries IPO<\/strong> Reservation<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net offer<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Offer<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Godavari Biorefineries Limited IPO Financial Information<\/strong><\/h2>\n\n\n\n<p>Godavari Biorefineries Limited experienced a negative trend in its financial performance, with a decline of 15.92% in revenue and a significant drop of 37.37% in profit after tax (PAT) from the fiscal year ending on March 31, 2024, to March 31, 2023. <\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>31 Mar 2024<\/th><th>30 June 2024<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>1733.54<\/td><td>1743.52<\/td><td>1991.66<\/td><td>1554.62<\/td><\/tr><tr><td>Revenue<\/td><td>1709.98<\/td><td>2023.08<\/td><td>1701.06<\/td><td>525.27<\/td><\/tr><tr><td>Profit After Tax<\/td><td>19.10<\/td><td>19.64<\/td><td>12.30<\/td><td>-26.11<\/td><\/tr><tr><td>Net Worth<\/td><td>232.57<\/td><td>249.01<\/td><td>260.25<\/td><td>233.84<\/td><\/tr><tr><td>Reserves and Surplus<\/td><td>431.06<\/td><td>447.51<\/td><td>458.74<\/td><td>432.34<\/td><\/tr><tr><td>Total Borrowing<\/td><td>636.72<\/td><td>738.01<\/td><td>663.27<\/td><td>703.75<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator &#8211; <strong>Godavari Biorefineries IPO<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>Market Cap <\/td><td>\u20b9 1801.39 Cr.<\/td><\/tr><tr><td>EPS<\/td><td>\u20b92.93<\/td><\/tr><tr><td>P\/E (x)<\/td><td>120.04<\/td><\/tr><tr><td>ROE<\/td><td>-11.16%<\/td><\/tr><tr><td>ROCE<\/td><td>-2.35%<\/td><\/tr><tr><td>Debt\/ Equity<\/td><td>3.01<\/td><\/tr><tr><td>RoNW<\/td><td>-11.16%<\/td><\/tr><tr><td>P\/BV<\/td><td>6.31<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sub><sup>as of June 30, 2024<\/sup><\/sub><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>Godavari Biorefineries intends to utilize the net proceeds from the fresh issue of shares for the following purposes:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Repayment\/Pre-payment of Borrowings<\/strong>: A portion of the funds will be used to repay or pre-pay, either in full or in part, certain outstanding borrowings that the company has availed.<\/li>\n\n\n\n<li><strong>General Corporate Purposes<\/strong>: The remaining funds will be allocated towards general corporate purposes, which may include activities such as business development, working capital needs, or other strategic initiatives.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-left is-layout-flex wp-container-core-group-is-layout-7aba0d93 wp-block-group-is-layout-flex\" style=\"padding-top:0;padding-bottom:0\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-fe9cc265 wp-block-group-is-layout-flex\">\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-0a3002e3441d14de15f00a85ee57bd97\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jun-2024\/godavari-biorefineries-limited_84190.html\" target=\"_blank\" rel=\"noreferrer noopener\">Godavari Biorefineries Limited IPO DRHP.<\/a><\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-ac6e0e0a3a1f53524ef224b5f4a4efd6\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/oct-2024\/godavari-biorefineries-limited-rhp_87745.html\" target=\"_blank\" rel=\"noreferrer noopener\">Godavari Biorefineries Limited IPO RHP.<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Godavari Biorefineries IPO Price: \u20b9334 to \u20b9352 per shareIPO Dates: 23 October 2024 &#8211; 25 October 2024 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[542,161,162],"class_list":["post-4487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-godavari-biorefineries","tag-ipo","tag-upcoming-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4487"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4487\/revisions"}],"predecessor-version":[{"id":4536,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4487\/revisions\/4536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4533"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}