Godavari Bio Refineries IPO: Key Dates, Price Range, and Lot Size Breakdown
Godavari Bio Refineries, a leading player in India’s ethanol and bio-based chemicals industry, is set to launch its Initial Public Offering (IPO) to raise capital for expansion and debt repayment. Due to the company’s position in the bio-refinery sector, investors looking to capitalise on India’s renewable energy growth will find this IPO particularly appealing.
This article will provide a comprehensive overview of the Godavari Bio Refineries IPO, focusing on key dates, share price, GMP (Grey Market Premium), lot size, and other essential details.
Key Highlights of Godavari Bio Refineries IPO:
| Details | Information |
| IPO Open Date | Wednesday, October 23, 2024 |
| IPO Close Date | Friday, October 25, 2024 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹334 to ₹352 |
| Minimum Lot Size | 42 shares |
| IPO Size | ₹555 Crores |
| Listing Exchanges | NSE, BSE |
| Issue Type | Book Built Issue IPO |
| Offer for Sale (OFS) | 229.75 crores |
| Fresh Issue | 0.65 crore shares |
| Listing Date | Wednesday, October 30, 2024 |
About Godavari Bio Refineries:
Godavari Bio Refineries is part of the Somaiya Group and a leader in ethanol production in India. The company operates in sugar, chemicals, and renewable energy, focusing on bio-based products. Godavari Bio Refineries is well-positioned to benefit from this policy shift as the government pushes for ethanol blending in fuel to reduce carbon emissions.
Godavari Bio Refineries IPO Timeline (Tentative Schedule):
Here are the key dates for the Godavari Bio Refineries IPO:
| Event | Date |
| IPO Open Date | Wednesday, October 23, 2024 |
| IPO Close Date | Friday, October 25, 2024 |
| Basis of Allotment | Monday, October 28, 2024 |
| Initiation of Refunds | Tuesday, October 29, 2024 |
| Credit of Shares to Demat | Tuesday, October 29, 2024 |
| Listing Date | Wednesday, October 30, 2024 |
| Cut-off time for UPI confirmation | 5 PM on October 25, 2024 |
Godavari Bio Refineries IPO Lot Size:
The IPO lot size for Godavari Bio Refineries allows investors to apply for a minimum of 42 shares. Here’s a breakdown of the lot size and investment amounts for both retail and high net-worth investors (HNIs):
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 42 | ₹14,784 |
| Retail (Max) | 13 | 546 | ₹192,192 |
| S-HNI (Min) | 14 | 588 | ₹206,976 |
| S-HNI (Max) | 67 | 2,814 | ₹990,528 |
| B-HNI (Min) | 68 | 2,856 | ₹1,005,31 |
Godavari Bio Refineries IPO GMP (Grey Market Premium):
The current Grey Market Premium (GMP) for Godavari Bio Refineries IPO is yet to be announced. GMP provides a preliminary indication of investor sentiment and potential listing gains. Investors should monitor GMP trends leading up to the October 30, 2024 IPO listing date for more insights.
Strengths of Godavari Bio Refineries:
- Leadership in Ethanol Production: Godavari is one of the top ethanol producers in India, with significant growth potential due to government-backed initiatives promoting ethanol blending in fuels.
- Diversified Operations: The company’s involvement in sugar, chemicals, and bio-based products ensures stability and multiple revenue streams.
- Sustainability Focus: Godavari Bio Refineries’ focus on green energy and sustainability aligns with global trends toward reducing carbon emissions.
Risks to Consider:
- Cyclicality in the Sugar Industry: A portion of the company’s revenue depends on sugar production, which can be volatile due to fluctuations in sugar prices.
- Regulatory Challenges: Changes in environmental policies or ethanol-blending regulations could impact Godavari’s business operations.
- Debt Levels: A portion of the IPO proceeds will be used for debt repayment, highlighting the company’s debt burden.
Should You Invest in the Godavari Bio Refineries IPO?
Investing in the Godavari Bio Refineries IPO could be attractive to those who believe in the growth of renewable energy and bio-based industries in India. The company’s leadership in ethanol production and favorable government policies present an opportunity for growth. However, the risks associated with the sugar industry’s cyclicality and the company’s debt levels should also be considered before making an investment decision.
Also, read this: https://tapinvest.in/blog/ipo-gmp-grey-market-premium/
How do you apply for Godavari Bio Refineries IPO?
Investors can apply for the Godavari Bio Refineries IPO through popular platforms like Zerodha, Groww, and Upstox or via net banking using the ASBA (Application Supported by Blocked Amount) facility.
FAQs:
1. What is the Godavari Bio Refineries IPO?
The Godavari Bio Refineries IPO is a public offering to raise funds for the company’s business expansion, debt repayment, and general corporate purposes.
2. When does the Godavari Bio Refineries IPO open?
The IPO opens on October 23, 2024, and closes on October 25, 2024.
3. What is the price range for the Godavari Bio Refineries IPO?
The price range for the IPO is ₹334 to ₹352 per share.
4. What is the lot size for the Godavari Bio Refineries IPO?
The minimum lot size is 42 shares, with the most minor investment being ₹14,784.
5. How can I apply for the Godavari Bio Refineries IPO?
Investors can apply via online platforms like Zerodha and Groww or through their banks using the ASBA facility.
6. What is the listing date for the Godavari Bio Refineries IPO?
The listing date for the Godavari Bio Refineries IPO is October 30, 2024.
