Godavari Biorefineries's IPO Launches with 0.27x Subscription on Day 1 – Discover Key Highlights!Godavari Biorefineries's IPO Launches with 0.27x Subscription on Day 1 – Discover Key Highlights!

Godavari Biorefineries Limited IPO kicked off with subdued demand on the first day, achieving an overall subscription rate of just 0.27 times. This lukewarm response was primarily due to Qualified Institutional Buyers at 0.00x, Non-Institutional Investors at 0.12x, and Retail Individual Investors at 0.48x, reflecting cautious investor sentiment.

How to check Godavari Biorefineries IPO Subscription Status?

Steps to check Godavari Biorefineries Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

• Visit NSE‘s official website.
• Navigate to the ‘Market Data’ tab.
• Choose ‘IPO’.
• Select the ‘Godavari Biorefineries Limited IPO’ to check its subscription status.
• Opt for either NSE Bid details or Consolidated Bid details.
• Explore the total number of bids received from various investors. 

Godavari Biorefineries Limited IPO Allotment Status

The allotment date for the Godavari Biorefineries Limited IPO is set for October 28, with shares priced from ₹334 to ₹352 per share and a face value of ₹10. The offering consists of lots of 42 shares, with bids accepted for these lots or their multiples.

Godavari Biorefineries Limited IPO Listing Date 

Godavari Biorefineries IPO Limited IPO is expected to be listed on the NSE SME on October 30, 2024.