IPO GMP | New IPO open for investment, earning opportunity, strong returns on first day – GMP IPO
IPO GMP | There is good news for stock market investors. Another IPO is open for investment. The IPO is of Godavari Biorefineries Limited. The IPO of Godavari Biorefineries Limited Company will be open for investment from October 23 to October 25.
IPO price band
Anchor investors can bid in Godavari Biorefineries Limited IPO on October 22. The price band of Rs 334-352 has been fixed for the Rs 555 crore IPO of Godavari Biorefineries Limited Company. Godavari Biorefineries Limited Company IPO comprises of fresh shares worth Rs 325 crore and 6.53 million shares from existing shareholders and promoters. Mandala Capital AG will exit Godavari Biorefineries Ltd by selling 49,26,983 equity shares in equity firm OFS.
Where will the money be used?
The funds raised from Godavari Biorefineries Limited Company IPO will be used to repay the loan. The remaining funds will be used for general corporate purposes of Godavari Biorefineries Limited Company. Godavari Biorefineries Limited Company had a combined debt of Rs 748.9 crore due by June 2024. The final allotment of shares to the IPO investors of Godavari Bio Refineries Limited Company will be made on October 28. IPO refund and share credit of Godavari Biorefineries Limited Company will be done on October 29. Godavari Biorefineries Limited will be listed on the stock exchange on October 30.
About Godavari Biofineries Limited Company
Godavari Biorefineries Limited Company is a Mumbai based company established on January 12, 1956. Godavari Biorefineries Limited supplies products to many leading companies like Hershey India, Hindustan Coca-Cola Beverages, Industries, Karnataka Chemical, Techno Waxchem, Lanx India, IFF INC, Ankit Raj Organo Chemicals, Escorts Chemical Industries, Khushboo Dye Chem, Privy Special. Is.
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