Godavari Biorefineries lists with 12% discount on the BSE
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Godavari Biorefineries has debuted at Rs 310.55 on the BSE, down by 41.45 points or 11.78% from its issue price of Rs 352.00.
The scrip is currently trading at Rs 327.00, down by 25 points or 7.10% from its issue price.
It has touched a high and low of Rs 331.70 and Rs 308.05 respectively. So far 2.04 lakh shares were traded on the counter.
The offering, which was open for subscription between October 23, 2024 and October 25, 2024 was subscribed around 1.87 times. The issue price was fixed at Rs 352 per share i.e. at upper end of price band of Rs 334-352 apiece.
Godavari Biorefineries is one of the manufacturers of ethanol based chemicals in India. Its diversified product portfolio comprises of bio-based chemicals, sugar, different grades of ethanol and power.
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