Godavari Biorefineries Ltd - IPO

Godavari Biorefineries Ltd IPO Details

Initial public offering of 15,759,937 equity shares of face value of Rs. 10 each (Equity Shares) of Godavari Biorefineries Limited (The Company or the Issuer) for cash at a price of Rs. 352 per equity share (including a premium of Rs. 342 per equity share) (the Offer Price) aggregating to Rs. 554.75 crores (the Offer). The offer comprises of a fresh issue of 9,232,954 equity shares aggregating to Rs. 325.00 crores (the Fresh Issue) and an offer for sale of 6,526,983 equity shares aggregating to Rs. 229.75 crores (the Offer for Sale), consisting of 500,000 equity shares aggregating to Rs. 17.60 crores by Samir Shantilal Somaiya, 500,000 equity shares aggregating to Rs. 17.60 crores by Somaiya Agencies Private Limited and 200,000 equity shares aggregating to Rs. 7.04 crores by Lakshmiwadi Mines and Minerals Private Limited (the Promoter Selling Shareholders), 4,926,983 equity shares aggregating to Rs. 173.43 crores by Mandala Capital AG Limited (the Investor Selling Shareholder), 300,000 equity shares aggregating to Rs. 10.56 crores by Filmedia Communication Systems Private Limited and 100,000 equity shares aggregating to Rs. 3.52 crores by Somaiya Properties and Investments Private Limited (the Promoter Group Selling Shareholders, and together with the promoter selling shareholders and the investor selling shareholder, the Selling Shareholders). The offer constituted 30.80% of its post-offer paid-up equity share capital, respectively.The face value of the equity shares is Rs. 10 each and the offer price is 35.20 times the face value of equity share.

Objective of issue

Repayment/pre-payment, in full or in part of certain borrowings availed by the company. Funding capital expenditure for Sugarcane Crushing Expansion. Funding capital expenditure for the Potash unit. General corporate purpose.

Godavari Biorefineries Ltd Contact Details

Godavari Biorefineries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@somaiya.com

Website - www.godavaribiorefineries.com