Godavari Biorefineries manufactures ethanol-based chemicals used in industries like food, pharmaceuticals and cosmetics. It operates two major plants in India and serves customers in over 20 countries.
The IPO will open for subscription on October 23, 2024, and close on October 25, 2024.
The total issue size is ₹554.75 crore, comprising a fresh issue of ₹325 crore and an offer for sale of ₹229.75 crore.
The price band is set at ₹334 to ₹352 per share, with a minimum investment of ₹14,784 for a lot of 42 shares.
The company plans to use the raised funds for debt repayment, working capital needs and general corporate purposes.
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