Godavari biorefineries IPO Details Today, Date, Price, GMP, Review, Details

Godavari biorefineries IPO Details Today, Date, Price, GMP, Review, Details

Godavari biorefineries IPO Details Today : Godavari biorefineries IPO Details Today is Open on [.] 2024 and Close on [.] 2024. Godavari biorefineries IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] shares (Approx ₹[.] Cr). 

We have the largest integrated bio-refinery in India and are one of the largest producers of ethanol and a pioneer in manufacturing ethanol-based chemicals in India. We are also the largest manufacturer of MPO worldwide, one of only two manufacturers of natural 1,3 butylene glycol globally, the fourth largest manufacturer of ethyl acetate in India and the only company in India to produces bio ethyl acetate.

Our diversified product portfolio comprising of bio-based chemicals, sugar, rectified spirits, ethanol, other grades of alcohol and power, finds application in a range of industries. our Company is the only company in India to have such a vast portfolio of biobased products. We are a part of the Somaiya group of companies, which has an experience of over 80 years in the sugar industry and almost 60 years of experience in the bio-based chemicals industry.

We utilise sugarcane as a feedstock to manufacture a wide range of products, including sugar, ethanol, bio-based chemicals and power and were among the first few companies in India to utilise sugarcane juice and syrup for the production of ethanol

The chemicals manufactured by us comprise of ethanol-based chemicals such as ethyl acetate, bio-ethyl acetate, MPO, 1,3 butylene glycol, crotonaldehyde, acetaldehyde, acetic acid, bio- acetic acid and paraldehyde (collectively, the “Bio-based Chemicals”).

The Bio-based Chemicals manufactured by us find application in various industries, including the agrochemical, cosmetics, flavour and fragrance, food, fuel, paints and coatings and pharmaceutical industries, while the ethanol manufactured are sold to oil marketing companies and also find application in the beverages, pharmaceutical and chemical industries.

Our customers include marquee players such as Biocon Limited, Cipla Limited, Deccan Fine Chemicals (India) Private Limited, Dr. Reddy’s Laboratories Limited, Hershey India Private Limited, Hindustan Coca-Cola Beverages Private Limited, International Flavors & Fragrances, OG Corporation, Privi Speciality Chemicals Limited, Sun Pharmaceutical Industries Limited, United Spirits Limited and Varun Beverages Limited as well as major oil marketing companies. global footprint, and have customers from over 20 countries including Australia, China, France, Germany, Italy, Japan, Kenya, Netherlands, Nigeria, Singapore, Switzerland, United Kingdom, United Arab Emirates and United States of America.

Object of the Issue

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

Our Company Promoters

  1. Samir Shantilal Somaiya.
  2. Somaiya Agencies Private Limited.

Qualitative Factors

  •  One of the largest producers of ethanol and a pioneer in manufacturing ethanol based chemicals in India.
  •  Fully integrated biorefinery company with well-established relationships with farmers of sugarcane.
  •  Diversified product portfolio and well-established relationships with a diversified customer base across industries.
  •  Well developed in-house research and development capabilities.
  •  Member of the Somaiya group and experienced promoter, board of directors and key managerial personnel.

Godavari biorefineries Company Contact Details

Somaiya Bhavan
45/47, M. G. Road, Fort
Mumbai – 400 001
Maharashtra, India
Telephone: +91 22 6170 2100
Website: www.godavaribiorefineries.com

Godavari biorefineries IPO Registrar

Link Intime India Private Limited
C101, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai – 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
Email: godavari.ipo@linkintime.co.in
Investor grievance email: godavari.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan


Leave a Comment