Godavari Biorefineries IPO subscription started on Wednesday, October 23, and will close on October 25 as per the schedule. The price band is set at ₹334 to ₹352 per share with a face value of ₹10.
Godavari Biorefineries IPO Subscription Status
Godavari Biorefineries IPO Subscribed over 0.28x on its first day till 05.00 PM on 23rd October.
- Godavari Biorefineries IPO subscription QIB investors portion is 0.00x times, while NII subscribed 0.12x times and RII investors subscribed 0.52x times.
- The company has received bids for 31,34,712 shares against 1,10,31,958 shares on offer on the first day.
- Godavari Biorefineries IPO Subscribed over 0.28x on day 1.
About Godavari Biorefineries IPO
Godavari Biorefineries Limited is a major ethanol producer and a leader in manufacturing ethanol-based chemicals in India. It boasts the largest range of biobased products in the country. In Fiscal Years 2021, 2020, and 2019, the company invested ₹ 149.89 million,₹ 148.40 million, and ₹ 131.65 million in research and development expenditures. Additionally, their revenue from operations has shown consistent growth, increasing by 18.62% in 2021, 16.94% in 2022, and 22.53% in 2022. It has also planned to launch an IPO which is a combination of fresh issues of 325.00 crore and OFS has 0.65 crore shares.
Godavari Biorefineries IPO Company Financial Report
The company reported revenue of ₹1,701.06 crores in 2024 against ₹2,023.08 crore in 2023. The company reported a profit of ₹12.30 crores in 2024 against a profit of ₹19.64 crores in 2023.
Godavari Biorefineries IPO GMP:
Godavari Biorefineries IPO GMP was ₹0 as of Wednesday, October 23. That indicates the IPO is trading at ₹352 with ₹0 premium in the grey market against the issue price of ₹352.
