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.
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
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|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%|
|EPS (In Rs)||6.47||1||1.46|
|Equity Share Capital||41.95||41.95||38.38|
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Below are your top reasons:
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.
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Ethanol producer, Godavari Biorefineries, filed its DRHP with SEBI on 24th September, 2021. The issue comprises a fresh issue worth Rs.370 crore and an offer for sale of up to 65,58,278 equity shares.
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