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Godavari Biorefineries IPO Surges with 0.54x Subscription on Day 2 – Explore More Key Highlights! 

Godavari Biorefineries IPO faced weak demand on day 2, garnering a total subscription of 0.54x, with Qualified Institutional Buyers at 0.00x, Non-Institutional Investors at 0.26x, and Retail Investors at 0.96x.
Godavari Biorefineries IPO Surges with 0.54x Subscription on Day 2 – Explore More Key Highlights! 

Godavari Biorefineries Limited IPO started with muted demand on the second day, reaching an overall subscription rate of only 0.54 times. This tepid response was largely attributed to Qualified Institutional Buyers at 0.00x, Non-Institutional Investors at 0.26x, and Retail Individual Investors at 0.96x, indicating cautious investor sentiment.

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Godavari Biorefineries Limited IPO Subscription Status

Godavari Biorefineries Limited IPO experienced weak demand on Day 1, securing a 0.27x subscription, highlighting good investor confidence and a warm market reception.

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.

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Godavari Biorefineries Limited IPO Listing Date 

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

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