
Chemicals & Renewable Energy · NSE / BSE
Incorporated in 1956, Godavari Biorefineries Limited is a leading Indian manufacturer of ethanol-based chemicals, operating an integrated biorefinery with a 570 KLPD ethanol production capacity as of June 30, 2024. The company is the world’s largest producer of MPO by installed capacity, one of only two manufacturers of natural 1,3-butanediol, and the sole producer of bio ethyl acetate in India. Its diverse portfolio spans bio-based chemicals, sugar, multiple ethanol grades, and power, serving industries such as food and beverages, pharmaceuticals, cosmetics, personal care, and energy. With manufacturing units in Bagalkot (Karnataka) and Ahmednagar (Maharashtra), the company is backed by three DSIR-registered R&D centers, 52 research professionals including eight PhD scientists, 18 patents, and 53 international product and process registrations. Serving clients in over 20 countries—including the U.S., UK, Germany, Japan, and China—and key customers like Hershey India, Hindustan Coca-Cola, and LANXESS India, Godavari Biorefineries employed 1,583 permanent staff, including 437 semiskilled and unskilled workers, as of June 30, 2024.
Price Band
₹334 – ₹352
Issue Size
₹555 Cr
Lot Size
42 shares
GMP
+1.4%
Est. Listing
₹357
at current GMP
Subscribed
1.87x
overall
Open
23 Oct 2024
Close
25 Oct 2024
Allotment
29 Oct 2024
Refund
30 Oct 2024
Demat Credit
31 Oct 2024
Listing
30 Oct 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
29 Oct 2024
Basis finalization
Refunds Initiate
30 Oct 2024
Mandate release
Demat Credit
31 Oct 2024
Shares in demat
Listing Debut
30 Oct 2024
Trading begins
Godavari Biorefineries Limited is bringing an initial public offering (IPO) in the Chemicals & Renewable Energy sector with an aggregate issue size of ₹554.75 Crores. The shares are offered at a price band of ₹334 to ₹352 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 42 shares (approx. ₹14,784 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-31, while un-allotted funds or UPI block mandates will be released on 2024-10-30.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.