Godavari Biorefineries

Last updated

Godavari Biorefineries Limited
Company type Public
Founded1956
Headquarters Mumbai, India
Area served
India
Key people
  • Samir Somaiya (Chairman and Managing Director) [1]
Website Godavaribiorefineries.com

Godavari Biorefineries Limited, formerly The Godavari Sugar Mills Ltd, is an Indian company which operates two sugar refineries and manufactures more than 20 products from renewable resources.

Contents

History

On Oct 2024, the company have raised ₹166 crore (US$20 million) from anchor investors, one day ahead of the IPO. [2] [3] The company opened its initial public offering (IPO) in 23 Oct 2024 with total size of ₹555 crore. [4] The offering consists of a fresh issue of equity shares worth ₹325 crore and an Offer-for-Sale (OFS) of 65.27 lakh shares valued at ₹230 crore by promoters and an investor. [5]

On December 2024, the company has signed an international licence agreement with US based company Catalyxx Inc., to get the exclusive rights in utilising advanced technology for converting ethanol into biobutanol and other higher alcohols. [6]

On Jan 2025, according to the SEBI Regulations, the company has received ₹93 crore (US$11 million) as the Demand Notice received for Non-Payment of Goods and Service Tax (GST) on clearance of Extra Neutral Alcohol (ENA) for the period from Jul 2017 to Mar 2021. The Authority demand ₹46.84 crore as non-payment of GST and ₹ 46.84 as penalty. [7]

Financials

YearRevenue (in crores)Profit/loss (in crores)Ref.
FY 2023₹1,686.6712.30 Increase2.svg [8]
FY 2024₹1,870.2523.41 Decrease2.svg

References

  1. ↑ "Godavari Biorefineries to invest ₹130 crore in corn-based ethanol distillery". CNBC TV18. Retrieved 19 June 2025.
  2. ↑ Sethi, Vaamanaa (22 October 2024). "Godavari Biorefineries IPO: Chemicals producer garners ₹166 crore from anchor investors ahead of IPO". Live Mint. Retrieved 19 June 2025.
  3. ↑ Thayil, Pratiksha (22 October 2024). "Godavari Biorefineries Raises Rs 166 Crore From Anchor Investors Ahead Of IPO". NDTV Profit. Retrieved 19 June 2025.
  4. ↑ Podishetti, Akash (30 October 2024). "Godavari Biorefineries shares list at 12.5% discount over IPO price". The Economic Times. Retrieved 19 November 2024.
  5. ↑ "Godavari Biorefineries shares make poor start on bourses; list at nearly 13% discount - CNBC TV18". CNBCTV18. 30 October 2024. Retrieved 21 June 2025.
  6. ↑ "Godavari Biorefineries signs pact with Catalyxx to enhance ethanol - CNBC TV18". CNBCTV18. 2 December 2024. Retrieved 19 June 2025.
  7. ↑ "Godavari Biorefineries faces ₹93 cr GST demand - ET LegalWorld". ETLegalWorld.com. Retrieved 19 June 2025.
  8. ↑ "Godavari Biorefineries hits the roof after Q4 PAT rises 10% YoY to Rs 72 cr". Business Standard. 26 May 2025. Retrieved 19 June 2025.


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