Godavari Biorefineries IPO allotment: The initial public offering (IPO) of Godavari Biorefineries Ltd has received a decent response from investors. As the bidding period has ended, bidders are now eyeing the Godavari Biorefineries IPO allotment, which is expected to be completed today.

IPO of Godavari Biorefinery the allotment date is likely today, October 28, and the company is expected to set the share allotment basis soon. The public issue was opened from October 23-25, and the IPO listing date is October 30.

The company will credit the shares to the demat accounts of eligible investors on October 29 and initiate refunds to the unsuccessful bidders on the same day.

Investors can check the allotment status of Godavari Biorefineries IPO online through the websites of BSE and NSE as well as through the official portal of the IPO registrar. Link Intime India Private Ltd is the registrar of the Godavari Biorefineries IPO.

Online check of Godavari Biorefineries IPO allotment status can be done by following few simple steps mentioned below:

Godavari Biorefineries IPO Allotment Status for BSE

Step 1) Visit the BVB website at this link – https://www.bseindia.com/investors/appli_check.aspx

Step 2) Select “Equity” in Issue Type

Step 3) Choose “Godavari Biorefineries Limited” from the Issue Name drop-down menu

Step 4) Enter either No. application or PAN

Step 5) Check by checking “I’m not a robot” and click “Search”

Your Godavari Biorefineries IPO allotment status will be displayed on the screen.

Godavari Biorefineries IPO Allotment Status on Intime Link

Step 1) Visit the IPO registrar website at this link – https://linkintime.co.in/initial_offer/public-issues.html

Step 2) Choose “Godavari Biorefineries Limited” from the Select Company drop-down menu

Step 3) Select from PAN, App. No., DP ID or No.

Step 4) Enter the details as per the selected option

Your Godavari Biorefineries IPO allotment status will be displayed on the screen.

Godavari Biorefineries IPO GMP Today

Shares of Godavari Biorefineries are showing bearish trend in the gray market. According to stock market watchers, IPO of Godavari Biorefinery GMP today, the premium gray market today, is ₹5 per share. This indicates that Godavari Biorefineries stock is trading higher with ₹5 apiece than their issue price on the gray market.

Considering the Godavari Biorefineries IPO GMP today and the issue price, the estimated listing price of Godavari Biorefineries shares is ₹357 apiece, which is at a premium of 1.42% to its IPO price ₹352 per share.

Godavari Biorefineries IPO Details

The Godavari Biorefineries IPO opened for public subscription on Wednesday, October 23 and closed on Friday, October 25. Godavari Biorefineries IPO allotment date is likely today 28th October and IPO listing is 30th October. Shares of Godavari Biorefineries will be listed on both the stock exchanges, BSE and NSE.

The Godavari Biorefineries IPO price range has been set at ₹334 to ₹352 per share. At the higher end of the price band, the company has grown ₹554.75 crore from the book issue which consisted of fresh issue of 92.32 lakh equity shares aggregating to ₹325 crore and an offer for sale worth 65.26 lakh shares ₹229.75 crores.

IPO of Godavari Biorefinery it was subscribed 1.83 times in total. The public issue was subscribed 1.71 times to the retail category, 2.76 times to the Qualified Institutional Buyers (QIB) category and 0.90 times to the Non-Institutional Investors (NII) category.

Equirus Capital and SBI Capital Markets are the lead managers of the Godavari Biorefineries IPO, while Link Intime India is the registrar of the IPO.