Mumbai: Godavari Biorefineries IPO, a book built issue of Rs 554.75 crore, opens for subscription on October 23, 2024 and closes on 25th October. Godavari Biorefineries IPO price band is fixed in the range of Rs 334 to Rs 352 per equity share. The retail investors are required to bid for a minimum lot size of 42 shares for which one has to make a minimum investment of Rs 14,784.
Investorgain reported that the Godavari Biorefineries shares are yet to make any buzz in the grey market and the GMP currently stands at Nil.
The NII category investors are mandated to apply for 14 lots, amounting to Rs 206,976, and the investors applying in the bNII category, will have to place a bid for minimum 68 lots, which would require investment of Rs 1,005,312. Godavari Biorefineries issue is a combination of fresh issue of 0.92 crore shares and offer for sale of 0.65 crore shares.
Godavari Biorefineries IPO allotment, listing
The Godavari Biorefineries IPO allotment is expected to be finalised on Monday, October 28, 2024, while the refund process may begin on 29th October. The shares are likely to be credited to the accounts of successful investors on October 29. Godavari Biorefineries IPO will list on BSE, NSE with a tentative date October 30.
Book running lead managers of the Godavari Biorefineries IPO: SBI Capital Markets Limited and Equirus Capital Private Limited. Link Intime India Private Ltd is the registrar for the issue.
Godavari Biorefineries Ltd is one of the leading producers of ethanol in India. The company is engaged in the business of making bio-based chemicals, rectified spirits, ethanol, sugar, other grades of alcohol and power.
Godavari Biorefineries financials period ended June 30, 2024
Assets: Rs 1,554.62 crore
Revenue: Rs 525.27 crore
Profit After Tax: Rs -26.11 crore
Net Worth: Rs 233.84 crore
Reserves and Surplus: Rs 432.34 crore
Total Borrowing: Rs 703.75 crore
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Godavari Biorefineries IPO opens for subscription on October 23, 2024. The price band is set at Rs 334 to Rs 352 per equity share. The allotment is expected to on October 28. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
