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  5. Godavari Biorefineries Share Price Highlights: Stock settles 11.6% higher after listing at 12.5% discount on NSE

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Godavari Biorefineries Share Price Highlights: Stock settles 11.6% higher after listing at 12.5% discount on NSE

Upstox
By Upstox News Desk

4 min read | Updated on October 30, 2024, 16:13 IST

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SUMMARY

Godavari Biorefineries IPO Share Price: Godavari Biorefineries Ltd shares were listed at ₹308 apiece on the NSE on Wednesday, a discount of 12.5% to the issue price of ₹352 apiece.

Stock list

GODAVARIB
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Godavari Biorefineries manufactures ethanol and bio-based chemicals.

Godavari Biorefineries Share Price Live Update at 03:35 pm: Godavari Biorefineries shares settled 11.6% higher at ₹343.9 apiece on the NSE. On the BSE, the scrip is up 10.4% to ₹342.8.
Godavari Biorefineries Share Price Live Update at 03:07 pm: Trading stats
  • Traded volume (Lakhs): 77.69
  • Traded value: ₹262.64 crore
  • Total market capitalisation: ₹1,758.41 crore
Godavari Biorefineries Share Price Live Update at 02:37 pm: Price information
  • Current price: ₹345 (+12%)
  • Issue price: ₹352
  • Open: ₹308
  • High: ₹354.45
  • Low: ₹308
Godavari Biorefineries Share Price Live Update at 02:00 pm: On the NSE, shares of Godavari Biorefineries are up 12.7% to ₹347.1 apiece.
Godavari Biorefineries Share Price Live Update at 01:32 pm: How will the company use issue proceeds?

The money generated via fresh issue of shares will be used to repay debt and for general corporate purposes.

Godavari Biorefineries Share Price Live Update at 12:52 pm: Godavari Biorefineries shares are trading 12.5% higher at ₹346.5 apiece on the NSE. On the BSE, the stock is up 11.5% to ₹346.4.
Godavari Biorefineries Share Price Live Update at 12:01 pm: Trading stats
  • Traded volume (Lakhs): 64.68
  • Traded value: ₹217.51 crore
  • Total market capitalisation: ₹1,740.49 crore
Godavari Biorefineries Share Price Live Update at 11:33 am: Price information
  • Current price: ₹339 (+10%)
  • Issue price: ₹352
  • Open: ₹308
  • High: ₹354.45
  • Low: ₹308
Godavari Biorefineries Share Price Live Update at 11:05 am: The company's market capitalisation stands at ₹1,763.01 crore, as shares are trading 11.7% higher at ₹344.3 apiece on the NSE.
Godavari Biorefineries Share Price Live Update at 10:31 am: The stock skyrocketed 12.2% to ₹345.7 apiece on the NSE. On the BSE, the scrip is up 11.4% to ₹346 a unit.
Godavari Biorefineries Share Price Live Update at 10:13 am: Shares of Godavari Biorefineries Ltd are up 3.3% to ₹318.2 apiece on the NSE.
Godavari Biorefineries Share Price Live Update at 10:06 am: After listing at a 12.5% discount, Godavari Biorefineries shares rose 3% to ₹317.25 apiece on the NSE.
Godavari Biorefineries Share Price Live Update at 9:55 am: The stock debuted at a discount of 11.78% at ₹310.5 on the BSE.
Godavari Biorefineries Share Price Live Update at 9:48 am: Godavari Biorefineries shares were listed at ₹308 apiece on the NSE on Wednesday, a discount of 12.5% to the issue price of ₹352 apiece.
Godavari Biorefineries IPO Listing Live Update at 9:40 am: On which exchanges will Godavari Biorefineries shares be listed?

Shares of ethanol-based chemicals manufacturer Godavari Biorefineries will be listed on the BSE and the NSE.

Godavari Biorefineries IPO Listing Live Update at 9:26 am: According to analysts, shares of Godavari Biorefineries are expected to be listed flat on the stock exchanges. The issue was subscribed 1.83 times.
Godavari Biorefineries IPO Listing Live Update at 9:08 am: Who are the clients of Godavari Biorefineries?

Godavari Biorefineries caters to clients in more than 20 nations, including Australia, Germany, China, France, Italy, Kenya, Netherlands, Japan, Singapore, the United Kingdom, Indonesia, the United States of America and the United Arab Emirates. Some of its marquee customers include Hindustan Coca-Cola, Hershey, M/s Techno Waxchem, LANXESS, IFF Inc., M/s Karnataka Chemical Industries, Ankit Raj Organo Chemicals, Escorts Chemical Industries, Privi Speciality Chemicals, Shivam Industries and Khushbu Dye Chem.

Godavari Biorefineries IPO Listing Live Update at 8:56 am: Financials
ParticularsFY22FY23FY24
Revenue₹1,702 cr₹2,014 cr₹1,686 cr
Net Profit₹19 cr₹19.6 cr₹12.2 cr
Godavari Biorefineries IPO Listing Live Update at 8:46 am: Price band

The company had set a price range of ₹334 to ₹352 per share for the ₹554.75 crore public offer.

Godavari Biorefineries IPO Listing LIVE: Shares of Godavari Biorefineries Ltd will debut on the National Stock Exchange (NSE) and BSE (formerly Bombay Stock Exchange) on Wednesday, October 30.

During the October 23-October 25 bidding period, the public offer was subscribed 1.83 times. The bidding was led by qualified institutional buyers (QIBs), who subscribed 2.76 times the reserved quota. The retail individual investors portion was booked 1.71 times, and the non-institutional investors or NIIs category received 90% subscription.

Godavari Biorefineries IPO allotment status was finalised on Monday.

The ethanol and bio-based chemicals maker is raising ₹554.75 crore, including ₹325 crore from the fresh issue of shares and ₹230 crore via an offer-for-sale.

Godavari Biorefineries IPO listing date and time

Godavari Biorefineries shares will be listed on the BSE and the NSE at 10 am on October 30.
To know more about IPO listings, schedules, and upcoming IPOs, visit our page.
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