Godavari Biorefineries IPO allotment finalised: How to check status online on Link Intime India, NSE

Godavari Biorefineries IPO allotment status was finalised on Monday, October 28. On the last day of bidding, the mainboard initial share sale was subscribed nearly two times.

The ₹554.75-crore initial public offering of the chemicals company was open for bidding from Wednesday, October 23, to Friday, October 25.

Godavari Biorefineries IPO allotment: Steps to check status online on NSE

• Go to the NSE IPO allotment status page:
• www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with your username and password (New users need to create a fresh login ID before checking the IPO allotment status)
• Choose ‘Godavari Biorefineries’ from the drop-down menu
• Enter PAN and IPO application number
• Select the ‘I am not a Robot’ checkbox
• Click on the ‘Submit’ button.

Alternatively, Godavari Biorefineries IPO allotment status can also be checked on the BSE using the PAN and Application Number.

How to check Godavari Biorefineries IPO share allotment status online on Link Intime India

• Visit the website of the issue registrar, Link Intime India Pvt Ltd: https://www.linkintime.co.in/
• Go to the ‘Investor Services’ tab and click on ‘Public Issues’
• Choose ‘Godavari Biorefineries’ from the drop-down menu for company names
• Enter any of these: Application Number, DP/Client ID, PAN, or Account No/IFSC
• Click Submit, and your allotment status will be shown on the screen

Godavari Biorefineries IPO subscription

The mainboard issue witnessed a lukewarm demand on the final day of bidding. The IPO was booked only 1.83 times. It received applications for over 2.06 crore shares against 1.12 crore shares on offer.

The qualified institutional buyers (QIBs) submitted bids for more than 86.89 lakh shares compared to 31.45 lakh shares on offer for the category. The QIBs category was subscribed 2.76 times.

Godavari Biorefineries IPO offer size, price band and other details

Godavari Biorefineries aimed to raise ₹554.75 crore through its IPO. The public offer consisted of a fresh issuance of 92 lakh shares, amounting to ₹325 crore, along with an offer-for-sale component of 65 lakh shares, aggregating to ₹229.75 crore.

The company plans to use the money raised via the public issue to repay its outstanding borrowings and for other general corporate purposes.

Godavari Biorefineries IPO price band was fixed at ₹334 to ₹352 per share. The minimum bid for the retail category was a single lot size of 42 shares, aggregating to an investment of ₹14,784.

Equirus Capital Private Limited and SBI Capital Markets Limited are the book-running lead managers of the mainboard issue. Link Intime India Private Ltd is the registrar for the issue.

Godavari Biorefineries IPO listing date

Godavari Biorefineries will initiate refunds for non-allottees on Tuesday, October 29, and successful bidders will receive shares in their Demat accounts the same day.

Shares of Godavari Biorefineries will be listed on the BSE and NSE. The IPO listing has been tentatively scheduled for Wednesday, October 30.

About Godavari Biorefineries

Godavari Biorefineries Limited, incorporated in 1956, is engaged in manufacturing ethanol-based chemicals. The company's product portfolio includes bio-based chemicals, sugar and various grades of ethanol. The company caters to industries such as food and beverages, pharmaceuticals, flavours and fragrances, power, fuel, personal care, and cosmetics. The company employed 1,583 workers on a permanent basis, as of June 30, 2024.