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Godavari Biorefineries IPO Listing Date: Key things to know before debut on NSE and BSE
2 min read | Updated on October 29, 2024, 12:33 IST
SUMMARY
Godavari Biorefineries IPO Listing Date: Godavari Biorefineries shares will be listed on the BSE and the NSE on Wednesday, October 30. The listing of shares will take place at 10 am.
Godavari Biorefineries manufactures ethanol-based chemicals.
Godavari Biorefineries IPO: Subscription
According to the consolidated data on the NSE, the public offer received bids for 2.06 crore equity shares against 1.12 crore shares on offer.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 2.76 |
| Non-institutional Investors | 0.90 |
| Retail Individual Investors (RIIs) | 1.71 |
| Total | 1.83 |
Godavari Biorefineries IPO: Objective
The ₹554.75 crore IPO, with ₹334-₹352 price band per equity share, was a mix of fresh issue of shares worth ₹325 crore and an offer-for-sale of ₹230 crore.
The money generated will be used to repay debt and serve general corporate purposes.
Godavari Biorefineries IPO: Listing date and time
Godavari Biorefineries shares will be listed on the BSE and the NSE on Wednesday, October 30. The listing of shares will take place at 10 am.
Godavari Biorefineries IPO: Financials
The company reported a net profit of ₹12.2 crore in the financial year 2023-24 (FY24), a 37.7% decline from the previous fiscal year.
Revenue from operations declined 16.2% year-on-year (YoY) to ₹1,686 crore.
Its products are used in many sectors, including food, beverages, flavours and fragrances, pharmaceuticals, power, fuel, cosmetics, and personal care. The company sells products like sugar, salt, jaggery, and turmeric under the brand name Jivana.
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