IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

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.

Godavari Biorefineries IPO Objectives

- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company.
- Funding capital expenditure for expansion of sugarcane crushing capacity at Sameerwadi Manufacturing Facility (“Sugarcane Crushing Expansion”).
- Funding capital expenditure for establishing a potash manufacturing unit at the Sameerwadi Manufacturing Facility (“Potash Unit”).
- General corporate purposes.

Why should you invest in the Godavari Biorefineries IPO?

  • 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.

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.

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

Know before investing


  1. 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.

  2. 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.

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

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


  1. 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.

  2. 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.

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

  4. 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 in IPO
  • How to Check IPO Allotment Status

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Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

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Choose IPO section on Home Page

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Peer Comparison

Companies Revenue (In Rs cr)
Bajaj Hindustan Sugar 6,672
Shree Renuka Sugars Ltd 5,462
Balrampur Chini Mills 4,812
Triveni Engineering & Industries 4,703
Dhampur Sugar Mills Ltd 4,232
Avadh Sugar and energy 2,711
Dalmia Bharat Sugar 2,686
E.I.D Parry India 2,024
Dwarikesh Sugar Industries 1,839
Uttam Sugar Mills Ltd 1,819
Bannari Amman Sugars Ltd 1,561
Godavari Biorefineries 1,538
Mawana Sugars Ltd 1,469
Ugar Sugar Works Ltd 1,118

Godavari Biorefineries Ltd IPO FAQs

What is Godavari Biorefineries' Initial Public Offering?

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.

When will allotments for the Godavari Biorefineries IPO become available?

Godavari Biorefineries IPO will finalize the allotment by <>.

What will the IPO lot size for Godavari Biorefineries be?

Each Godavari Biorefineries IPO lot has <> shares.

When will Godavari Biorefineries IPO be available to buy?

The IPO of Godavari Biorefineries will be open for subscription from <>.

What is Godavari Biorefineries’ smallest lot size available to retail investors?

The minimum market lot size for the Godavari Biorefineries IPO is <> shares.

Which exchanges will Godavari Biorefineries list on?

Godavari Biorefineries shares will be listed on both BSE as well as the National Stock Exchange (NSE).

What is the IPO size of Godavari Biorefineries?

The IPO size of Godavari Biorefineries is Rs <> crore.

How to check the allotment status of Godavari Biorefineries IPO on the Angelone App?

A: The easiest ways to check your IPO allotment status on the Angelone app are below:
Step 1
Login & Look for Investment Opportunities via Angelone App.
Step 2
Choose IPOs & FPOs.
Step 3
Click Order Book.

How will I get my Godavari Biorefineries stock?

Following allotment, the Godavari Biorefineries shares will be credited to the Demat account.

Can I use one PAN to submit multiple applications for the public issue of Godavari Biorefineries?

No, you cannot use the same PAN to make multiple applications for this Godavari Biorefineries IPO or any other public offering.

Is it necessary to give immediate approval to a UPI mandate request?

Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.

Who is the Godavari Biorefineries CEO?

Mr Samir Somaiya is the CEO of Godavari Biorefineries.