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Godavari Biorefineries Limited IPO Review

godavari biorefineries ltd is one of the leading producers of ethanol-based fertilizers in India and an integrated biorefinery in India with installed capacity to produce ethanol from June 30, 2024. They are the largest producer of ethanol in India one in volume. As of March 31, 2024, they are also the largest MPO in the world by installed capacity, one of the two producers of natural 1,3 butylene glycol, and the only company producing bio-ethyl acetate in India. These products find applications in industries such as food, beverages, pharmaceuticals, flavors & fragrances, power, fuel, personal care, and cosmetics According to the Frost & Sullivan Report, in a peer-reviewed Frost & Sullivan Report, their company holds the widest portfolio of organic products in India.

Godavari biorefineries ipo production of bio-based chemicals finds applications in a variety of industries, including personal care and cosmetics, flavor and fragrance, food, fuel, paint and pharmaceutical industries, while the ethanol they produce is used for oil consumption of the trade. They are sold to companies and find applications in the beverage, pharmaceutical, and pharmaceutical industries. They have also obtained environmental patents to expand their existing capacity and produce a wide range of specialty chemicals including cellulose and its derivatives.

Godavari Biorefineries Limited and Services

Godavari Biorefineries Ltd Ipo use sugarcane as a feedstock for a wide range of products including sugarcane, ethanol, chemical-based bio-based, and power and were among the first few companies in India to use sugarcane juice and fat for ethanol production. godavari biorefineries limited are constantly trying to improve sugar pricing by increasing downstream processing and conversion of sugar into value-added products. For example, they have successfully synthesized a wide range of biologically based chemicals such as ethyl acetate, bio-ethyl acetate, MPO, 1,3 butylene glycol, crotonaldehyde, acetaldehyde, bio-acetic acid, butanol, EVE and paraldehyde. Godavari Bio Refineries Ltd are also investigating the use of grain to produce grain-based ethanol

Financial Overview

The company is the largest MPO producer in the world and specializes in ethanol-based specialty chemicals. It was impaired in FY23 and FY24 due to government restrictions on ethanol production and natural disasters during the period. While basically, the IPO seems expensive, considering the prospects for upgrades following permitted standards for ethanol production and higher rates of about 20 blends, the company is poised for an attractive prospect those who know the good news/excess cash/risk-taking can invest the right amount for the long term.