Mon Oct 21 06:19:30 UTC 2024: **Summary of Godavari Biorefineries IPO News Article (Updated October 20, 2024)**

– **IPO Details**: Godavari Biorefineries is launching an Initial Public Offering (IPO) worth ₹554.75 crore, consisting of a fresh issue of 92 lakh shares (₹325 crore) and an offer-for-sale of 65 lakh shares (₹229.75 crore).
– **Subscription Window**: The IPO will open for subscription from October 23 to October 25, 2024.
– **Price Band**: The share price for the IPO has been set between ₹334 and ₹352.
– **Minimum Investment**: Retail investors can apply for a minimum of 42 shares (totaling ₹14,784). Small Non-Institutional Investors (sNIIs) need to bid for 588 shares (₹2,06,976), while Big Non-Institutional Investors (bNIIs) must bid for 2,856 shares (₹10,05,312).
– **Allocation**: 50% of the net issue is allocated for Qualified Institutional Buyers, 35% for retail investors, and 15% for Non-Institutional Investors.
– **Allotment and Listing**: Share allotment is expected on October 28, 2024. Refunds for unsuccessful bidders will be processed on October 29, and shares will be credited to successful bidders’ demat accounts on the same day. The listing on NSE and BSE is slated for October 30, 2024.
– **Company Performance**: For Q1 FY25, Godavari Biorefineries reported a revenue of ₹525.27 crore and a net loss of ₹26.11 crore. Annual revenue for FY24 decreased by over 16% to ₹1,686 crore, and profit after tax (PAT) fell by more than 37% to ₹12.3 crore.
– **Business Overview**: The company is a major manufacturer of ethanol-based chemicals, producing various bio-based products and depending heavily on sugarcane as a raw material. Its product range serves several industries, including food, pharmaceuticals, and personal care.
– **Operational Risks**: Godavari Biorefineries faces risks related to raw material supply, increased costs, and seasonal variations affecting its operations. It also relies on third-party manufacturers for certain retail products.
– **Use of Proceeds**: Funds from the IPO will be used for repaying loans and for general corporate purposes.

This summarises key points about Godavari Biorefineries’ IPO, its financial performance, and business operations.

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