Godavari Biorefineries IPO to open for subscription today. Should you bid?
Godavari Biorefineries will open for subscription on Wednesday. The issue will be available for bidding till October 25.
The IPO includes a fresh issue worth Rs 325 crore and an offer-for-sale (OFS) of up to 6.53 million shares by existing shareholders and promoters. Private equity firm Mandala Capital AG will exit the company, selling its entire stake of 49,26,983 shares in the OFS.
Godavari Biorefineries price band
The company has fixed a price band of Rs 334-342 per share, where investors can bid for 42 shares in one lot.
Godavari Biorefineries GMP
In the unlisted market, the company's shares have no GMP ahead of the issue opening.
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