Godavari Biorefineries IPO subscription starts on 23 October 2024 and will close on 25 October 2024. Godavari Biorefineries plans to raise around INR 554.75 crores via the IPO. The price band is fixed at INR 334 – 352 per share. Godavari Biorefineries IPO market lot has 42 shares and the minimum application amount is INR 14,784. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Godavari Biorefineries IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Godavari Biorefineries IPO subscription status segregated by days and investor categories.

Godavari Biorefineries IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Godavari Biorefineries – Business Background

Godavari Biorefineries is a prominent manufacturer of ethanol-based chemicals in India, operating an integrated bio-refinery with an installed capacity of 570 KLPD for ethanol production as of 30 June 2024. The company ranks among India’s largest ethanol producers by volume, achieving significant production milestones as of 31 March 2024.

As of 31 March 2024, Godavari Biorefineries was recognized as the largest manufacturer of MPO worldwide based on installed capacity. The company is one of only two global producers of natural 1,3 butylene glycol and India’s sole manufacturer of bioethyl acetate. Additionally, it has established India’s first bio-based EVE manufacturing facility as of the same date.

The company’s Sameerwadi Manufacturing Facility, with a crushing capacity of 18,000 TCD as of 30 June 2024, is among India’s top fifteen sugar complexes by crushing capacity. Furthermore, the company has received environmental clearance to expand its crushing capacity to 25,000 TCD.

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Investor Categories in Godavari Biorefineries IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of Godavari Biorefineries IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Godavari Biorefineries IPO Subscription Status FAQs