Check Godavari Biorefineries IPO allotment details here

28 Oct 2024 , 12:55 PM

The IPO of Godavari Biorefineries has received muted subscription from the investors achieving a subscription rate of 1.87 times as of October 25, 2024, at 5:11 PM (Day 3). The company has successfully raised ₹554.75 crore from the IPO, which comprises fresh issue of equity shares worth ₹325 crore and an offer-for-sale (OFS) of ₹229.75 crore.

Godavari Biorefineries IPO Timeline:

Godavari Biorefineries IPO Open Date	Tuesday, October 23, 2024
Godavari Biorefineries IPO Close Date	Thursday, October 25, 2024
Godavari Biorefineries Basis of Allotment	Friday, October 28, 2024
Godavari Biorefineries Initiation of Refunds	Monday, October 29, 2024
Godavari Biorefineries Credit of Shares to Demat	Monday, October 29, 2024
Godavari Biorefineries Listing Date	Tuesday, October 30, 2024

 

Godavari Biorefineries IPO Subscription status:

Date	QIB	NII	Retail	Total
Day 1 October 23, 2024	0.00	0.12	0.52	0.29
Day 2 October 24, 2024	0.00	0.27	1.00	0.56
Day 3 October 25, 2024	2.76	0.93	1.76	1.87

 

How to Check Godavari Biorefineries IPO Allotment Status:

Investors who have applied for the Godavari Biorefineries IPO can track the allotment status through the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) websites. Here’s how:

Steps to check on BSE:

1. Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. From the “Issue Type” dropdown, select “Equity.”
3. Choose “Godavari Biorefineries Limited” from the “Issue Name” dropdown.
4. Enter your application number and PAN ID.
5. Complete the captcha by clicking ‘I am not a robot’ and then press “Search.”

How to Check IPO Allotment Status in Your Bank Account:

1. Log in to your bank’s internet banking portal or mobile app.
2. Navigate to the “IPO Services” or “Application Status” section.
3. Input your PAN, application number, or other relevant details.
4. Once submitted, the status of your IPO allotment, including the number of shares allocated, should be displayed.
5. For accuracy, you can cross-check with the IPO Registrar.

How to Check IPO Allotment Status in a Demat Account:

1. Log into your Demat account via your depository participant’s (DP) mobile app or website.
2. Go to the “IPO” or “Portfolio” section.
3. Check whether the allotted shares are reflected in your Demat account.
4. If shares aren’t visible, visit the Registrar’s website and enter your application details to verify the allotment.
5. For any discrepancies, reach out to your DP’s customer service for assistance.

How to Check Godavari Biorefineries IPO Allotment Status on Registrar Website:

1. Visit website of IPO Registrar, Link Intime India Pvt Ltd. https://linkintime.co.in/
2. Click on “Public Issue” at the Homepage.
3. You will be redirected to the IPO allotment page.
4. Select the name of the company in which you have applied for the IPO.
5. Select any one of “Application number”, “Beneficiary ID” or “PAN Number”.
6. Enter the details of your selection.
7. Click on “Submit”.

 

About the Godavari Biorefineries IPO

₹554.75 crore Godavari Biorefineries Limited, a leader in ethanol-based chemicals’ initial public offering (IPO), combined a fresh issue and an offer for sale. The IPO price band was set between ₹334 and ₹352 per share, with a minimum application size of 42 shares.

Ahead of the public issue, the company raised Rs 166.42 crore from anchor investors, showing strong institutional interest. Established in 1956, Godavari Biorefineries has built an integrated biorefinery with a 570 KLPD capacity for ethanol production as of June 30, 2024.

Godavari’s extensive portfolio includes bio-based chemicals, sugar, various ethanol grades, and power, catering to sectors such as food, beverages, pharmaceuticals, personal care, and fuel.