Godavari Biorefineries Ltd - IPO

Godavari Biorefineries Ltd IPO Details

Initial public offering of up to [*] 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. [*] per equity share (including a premium of Rs. [*]* per equity share) (the Offer Price) aggregating up to Rs. [*] crore (the Offer). The offer comprises of a fresh issue of up to [*] equity shares aggregating up to Rs. 325.00 crores (the Fresh Issue) and an offer for sale of up to 6,526,983 equity shares aggregating up to Rs. [*] crores (the Offer for Sale), consisting of up to 500,000 equity shares aggregating up to Rs. [*] crores by Samir Shantilal Somaiya, up to 500,000 equity shares aggregating up to Rs. [*] crores by Somaiya Agencies Private Limited and up to 200,000 equity shares aggregating up to Rs. [*] crores by Lakshmiwadi Mines and Minerals Private Limited (the Promoter Selling Shareholders), up to 4,926,983 equity shares aggregating up to Rs. [*] crores by Mandala Capital AG Limited (the Investor Selling Shareholder), up to 300,000 equity shares aggregating up to Rs. [*] crores by Filmedia Communication Systems Private Limited and up to 100,000 equity shares aggregating up to Rs. [*] 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 includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores, for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer will constitute [*]% and [*]% of its post-offer paid-up equity share capital, respectively.The company, in consultation with the brlms, may consider a further issue of equity shares through a private placement, preferential offer or any other method as may be permitted under applicable law to any person(s), aggregating up to Rs. 65.00 crores, at its discretion, with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the ompletion of the offer and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus.The face value of the equity shares is Rs. 10 each and the offer price is [*] times the face value of equity share. The employee discount (if any), price band and the minimum bid lot will be decided by the company.

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 -

Website - https://godavaribiorefineries.com