Godavari Biorefineries Limited IPO

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.

Important Details

Open Date : October 23, 2024 Close Date : October 25, 2024 . Allotment Date: October 28, 2024. Listing Date: October 30, 2024

Important Details

IPO Price: INR 334-352 per share Lot Size: 42 Shares Total Issue Size: INR 554.75 crores

Fundamental Analysis

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.

Peer Comparison

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.

Objective

Godavari Biorefineries IPO Objective: 1. INR 240 crore for debt repayment. 2. Remaining funds for operations, projects, and marketing.

Risks And Challenges

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.