Godavari Biorefineries IPO: This IPO is going to open soon, you can become a millionaire by investing, know how…

Godavari Biorefineries IPO: The Initial Public Offer i.e. IPO of Godavari Biorefineries Limited will open on 23 October. Investors will be able to bid for this issue till October 25. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 30.

The company wants to raise Rs 554.75 crore through this issue. For this, the company is issuing 9,232,955 new shares worth ₹ 325 crore. At the same time, the existing investors of the company are selling 6,526,983 shares worth ₹ 229.75 crore through Offer for Sale i.e. OFS.

What is the minimum and maximum amount that can be invested?

Godavari Biorefineries Limited has fixed the price band of this issue at ₹334-₹352. Retail investors can bid for a minimum of one lot i.e. 42 shares. If you apply for 1 lot at the upper price band of IPO of ₹ 352, then you will have to invest ₹ 14,784 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 546 shares. For this, investors will have to invest ₹ 192,192 as per the upper price band.

35% of the issue reserved for retail investors

The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).

Godavari Biorefineries Limited, established in 1956

Established in 1956, Godavari Biorefineries manufactures ethanol chemicals. According to the data till June 2024, the company has a daily capacity to produce 570 kiloliters of ethanol. The company's product portfolio includes bio-based chemicals, sugar, various types of ethanol, power.

They are used in industries like food, beverage, pharma, flavor and fragrance, power, fuel, personal care and cosmetics. Godavari Biorefineries has two manufacturing facilities and three research and development facilities.