Godavari Biorefineries IPO offers 92.32 lakh shares for INR 325 crores and 65.27 lakh shares worth INR 229.75 crores, aiming to repay debt and for general corporate purposes.
Open Date : October 23, 2024 Close Date : October 25, 2024 . Allotment Date: October 28, 2024. Listing Date: October 30, 2024
IPO Price: INR 334-352 per share Lot Size: 42 Shares Total Issue Size: INR 554.75 crores
Godavari Biorefineries IPO shows mixed performance: 1. 16% revenue drop in FY2024. 2. Losses in FY2025 due to rising costs, declining profitability. 3. Equity and NAV fell. 4. Worsening debt-equity ratio signals higher financial risk.
1. Godavari Biorefineries: RoNW is 4.73% (lowest). 2. EID Parry: leads in revenue, EPS, and profitability. 3. Balrampur Chin:i excels in RoNW. Alkyl Amines: has the highest P/E ratio.
Godavari Biorefineries IPO Objective: 1. INR 240 crore for debt repayment. 2. Remaining funds for operations, projects, and marketing.
Godavari Biorefineries IPO Risks: 1. Reliance on key suppliers for raw materials. 2. Disruptions may impact manufacturing. 3. Seasonal fluctuations in sugar and distillery segments. 4. Ethanol policy changes could affect revenue.