Godavari Biorefineries IPO: What percentage of IPO was filled on the first day, today is the last day of bidding, know the details…

Godavari Biorefineries IPO: Today is the third day of bidding for the Initial Public Offer (IPO) of Godavari Biorefineries Limited. This issue was subscribed a total of 0.29 times on the first day. This issue was subscribed 0.52 times in the retail category and 0.12 times in the non-institutional investors (NII) category.

Today i.e. 25th October is the last day to bid for this IPO. 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 fresh shares worth Rs 325 crore. At the same time, the existing investors of the company are selling 6,526,983 shares worth Rs 229.75 crore through Offer for Sale i.e. OFS.

What is the minimum and maximum amount to 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 at ₹352, 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.

Godavari Biorefineries IPO: 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 (NIIs).