Godavari Biorefineries Ltd IPO

The largest integrated bio-refinery in the nation and the largest producer of ethanol in India are both owned by Godavari Biorefineries. Additionally, the business is one of only two producers of natural 1, 3-butylene glycol in the whole world. They are also the fourth-largest ethyl acetate producer in the nation. Godavari, which is a member of the Somaiya group of businesses, has been active in the sugar sector for the last 8 decades and has 6 decades of expertise there.

The business has two production plants, one each in Maharashtra and Karnataka. Reputable companies like Cipla, Biocon, Dr Reddy's labs, Hershey India Pvt Ltd, and others are among the company's clients. Twenty nations, including Australia, China, France, Germany, Italy, Japan, Kenya, the Netherlands, Nigeria, Singapore, Switzerland, the United Kingdom, United Arab Emirates, and the United States, are among its consumers. The firm has 41 international registrations and 13 patents for items and processes, according to the DRHP.

Godavri Biorefineries, an ethanol producer, submitted its DRHP to SEBI on September 24, 2021. A fresh issuance of Rs. 370 crores and an offer to sell up to 65,58,278 equity shares are included in this issue. Samir Shantilal Somaiya and Somaiya Agencies are selling 5 lakh equity shares each in the offer for sale, while Mandala Capital is selling 49.27 lakh equity shares, Filmedia Communication Systems is selling 3 lakh equity shares, Somaiya Properties and Investments is selling around 1.31 lakh equity shares, and Lakshmiwadi Mines and Minerals is selling 2 lakh equity shares.

The corporation is considering placing 100 crore rupees' worth of pre-IPO shares. This will result in a reduction in the number of new issues. JM Financial Ltd. and Equirus Capital Private Ltd. are the book-running lead managers for the offering.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

IPO Financials

Particulars FY21 FY20 FY19
Revenue from operations 1,538.17 1,459.15 1,552.23
Revenue from ethanol (%) 21.28% 16.83% 11.94%
Revenue from bio-based chemicals (%) 34.96% 31.22% 39.26%
PAT 27.15 4.06 5.53
EBITDA 165.83 116.98 146.16
EPS (In Rs) 6.47 1 1.46
Total Assets 1,441.7 1,434.5 846.11
Total Borrowings 563.38 604.12 800.90
Equity Share Capital 41.95 41.95 38.38

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Why should you invest in the Godavari Biorefineries Ltd IPO?

Below are your top reasons:

  • With over 200 national laboratories and 1,300 research and development (R&D) centres which provide a strong base to become innovation-oriented, India has been increasing its export of chemical products in recent years, so growth will also be a factor of buoyant exports.
  • The Indian government recognises the chemical industry as a key growth element and forecasts to increase the share of the chemical sector to ~25% of the GDP in the manufacturing sector by 2025.
  • A 2034 vision for the chemicals and petrochemicals sector has been set up by the government to explore opportunities to improve domestic production, reduce imports and attract investments in the sector.

Know before investing


Godavari Biorefineries, the largest producer of ethanol in India, with a capacity utilisation rate of 58.87 per cent for the first quarter that concluded on June 30, 2021, with an installed capacity of 380 KLPD.

They are a fully integrated refinery that produces a variety of goods, including sugar, chemicals, ethanol, and other goods, using sugarcane as a key feedstock. They are reportedly the only business in India with such a broad range of items.

Strong in-house research, with 38 researchers working there as of June 30, 2021, with 7 of them holding doctoral degrees.

They are a member of the Somiaya organisation and employ highly skilled promoters.


The majority of the raw materials used by the business are sourced from only a few sources. Failure to get the raw materials will significantly impact the operations and company.

A small number of items account for a sizable portion of the company's income, and their failure will have a negative impact on both the business operations and finances.

Sugarcane is the company's primary feedstock, making it vulnerable to seasonal changes, crop diseases, and insect assaults.

The inability to sell new items that are introduced after extensive research and development will have a negative effect on the business's capacity to expand.

How to apply for Godavari Biorefineries Ltd IPO ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Godavari Biorefineries Ltd IPO and approve the payment on your UPI ID.

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