Godavari Biorefineries IPO Listing Date: Key things to know before debut on NSE and BSE

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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 Listing Date: Shares of ethanol and bio-based chemicals manufacturer Godavari Biorefineries are all set to get listed on the National Stock Exchange (NSE) and the BSE on Wednesday, October 30. The initial share sale received 1.83 times the subscription during the three-day bidding period. The allotment status was finalised on Monday. As the market debut is just a day away, here are key things to keep in mind about Godavari Biorefineries IPO.

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.

Godavari Biorefineries manufactures ethanol-based chemicals like ethyl acetate, MPO, 1,3 butylene glycol, bio-ethyl acetate, acetaldehyde, bio-acetic and acidcrotonaldehyde.

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.

To know more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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Godavari Biorefineries IPO Listing Date: Key things to know before debut on NSE and BSE

Godavari Biorefineries IPO: Subscription

Godavari Biorefineries IPO: Objective

Godavari Biorefineries IPO: Listing date and time

Godavari Biorefineries IPO: Financials

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