Godavari Biorefineries IPO subscription started on Monday, October 21, and will close on October 23 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 1.87x on its last day till 5.00 PM on 24th October.
- Godavari Biorefineries IPO subscription QIB investors portion is 2.76x while NII subscribed 0.93 times and RII investors have subscribed 1.76 times.
- The company has received bids for 2,06,17,338 shares against 1,10,31,958 shares on offer on the last day of subscription.
- Godavari Biorefineries IPO Subscribed over 0.56x on day 2.
- Godavari Biorefineries IPO Subscribed over 0.29x on day 1.
About Godavari Biorefineries
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 ₹15 as of Thursday, October 24. That indicates the IPO is trading at ₹367 with 15 premium in the grey market against the issue price of ₹₹352.
