The public issue will remain open until 25 th October 2024. The ethanol-based chemical maker company has fixed the Godavari Biorefineries IPO price band at 334 to 352 per equity share. The initial public offering of Godavari Biorefineries Limited opened for bidding on 23rd October 2024. The book build issue combines fresh problems and offers for Sale. The initial offer is proposed for listing on the BSE and the NSE. As per the Godavari Biorefineries IPO subscription status, the public issue has received a tepid response from the Indian primary market investors in the first two days of bidding. Meanwhile, shares of Godavari Biorefineries Limited have become available in the grey market. According to stock market observers, company shares are available at a premium of ₹15 in the grey market.
Godavari Biorefineries IPO GMP
As mentioned above, the Godavari Biorefineries IPO GMP today is 15. This means the Gray market is expecting a listing gain of 15 per share. The grey market was neutral on the book build issue on the Godavari Biorefineries IPO subscription opening date. Â By 4:10 pm on the third day of subscription on Friday, the issue had been subscribed 1.80 times. The retail portion has been subscribed 1.65 times, and the NIL segment had been booked 0.90 times by that time. The segment reserved for QIBs was subscribed 2.76 times.Â
Godavari Biorefineries IPO Review
Giving a ‘ subscribe’ tag to Godavari Biorefineries IPO, Prathamesh Masdekar, Research Analyst at StoxBox, said “ Godavari Biorefineries is a prominent ethanol- based chemical manufacturer in India, running an integrated biorefinery. Its diverse product portfolio includes bio-based chemicals, sugar, ethanol and power, serving food, pharmaceutical, personal care, and fuel sectors. The company leverages strong customer relationships in sugar and bio-chemical to cross-sell products while continuously exploring new diversifying opportunities.Â
