Godawari Biorefineries IPO Set to Launch on October 23, 2024

Godawari Biorefineries Limited is gearing up for its upcoming Initial Public Offering (IPO), which is scheduled to open on October 23, 2024. This public issue will offer a combination of fresh equity shares and an offer for sale by existing shareholders.

The IPO presents an opportunity for investors to participate in the company’s growth as it seeks to raise capital through the public markets.

IPO Key Dates

• Opening Date: October 23, 2024
• Closing Date: October 25, 2024
• Allotment Date: October 28, 2024
• Refund Initiation: October 29, 2024
• Listing Date: October 30, 2024

IPO Details

• Fresh Issue: Equity shares worth ₹325 crore
• Offer for Sale (OFS): Up to 6,526,983 equity shares
• Face Value: ₹10 per share
• Price Band: ₹334 to ₹352 per share
• Lot Size: 42 shares and multiples thereof
• Minimum Investment: ₹14,784 for retail investors at the lower price band
• Post-Issue Market Cap: ₹1,726 crore to ₹1,801 crore (approx.)

Category-wise Allocation

• Qualified Institutional Buyers (QIBs): 50% of the offer (₹271.50 to ₹277.37 crore)
• Non-Institutional Investors (NIIs): 15% of the offer (₹81.45 to ₹83.21 crore)
  • NII Bid Above ₹10 Lakhs: ₹54.30 to ₹55.47 crore
  • NII Bid Between ₹2 to ₹10 Lakhs: ₹27.15 to ₹27.74 crore
• Retail Investors: 35% of the offer (₹190.05 to ₹194.16 crore)

Important Points for Investors

• Registrar: Link Intime India Pvt Ltd
• Listing on: NSE and BSE
• Book Running Lead Managers (BRLM): Equirus Capital, SBI Capital Markets

Indicative Post-Issue Timeline

• Finalization of Basis of Allotment: On or about October 28, 2024
• Refunds/Unblocking of Funds: On or about October 29, 2024
• Credit of Shares to Demat Accounts: On or about October 29, 2024
• Listing on Stock Exchanges: On or about October 30, 2024

This IPO will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors can expect a detailed breakdown of the issue size, price band, and lot size in the coming days as updates are provided.

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