1.Company Information
Incorporated in 1956, Godavari Biorefineries Limited manufactures ethanol-based chemicals in India. As of June 30, 2024, the company operates an integrated biorefinery with a capacity of 570 KLPD for ethanol production.
As on March 31, 2024, the company is the largest producer of MPO in the world based on installed capacity. It is one of only two manufacturers of natural 1,3-butanediol and the only company in India that makes bio ethyl acetate.
The company's product portfolio includes bio-based chemicals, sugar, various grades of ethanol, and power. These products are used in industries such as food, beverages, pharmaceuticals, flavours and fragrances, power, fuel, personal care, and cosmetics
The company has three research and development facilities registered with the Department of Scientific and Industrial Research (DSIR): one at the Sakarwadi Manufacturing Facility, one at the Sameerwadi Manufacturing Facility, and one in Navi Mumbai, Maharashtra. As of June 30, 2024, the company employs 52 permanent research staff, including eight scientists with doctoral degrees.
As of October 2024, the company has obtained 18 patents and received 53 registrations for these products/processes across various countries.
The company's client base includes marquee players such as Hershey India Pvt Ltd, Hindustan Coca-Cola Beverages Private Limited, M/s Karnataka Chemical Industries, M/s Techno Waxchem Pvt Ltd, LANXESS India Private Limited, IFF Inc., Ankit Raj Organo Chemicals Limited, Escorts Chemical Industries, Khushbu Dye Chem Pvt Ltd, Privi Speciality Chemicals Limited, Shivam Industries, and major oil marketing companies.
2. Objects of the Issue
The Company intends to utilize the Net Proceeds from the Fresh Issue towards funding the following objects (the"Objects"):
1.Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and
2. General corporate purposes.
3.Godavari Biorefineries Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: godavari.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html