Godavari Biorefineries IPO Allotment: The Rs 554.75 crore book building IPO’s allotment status has been finalised and investors can view their eligibility on BSE, NSE and the registrar on the website of Link Intime India. The approved shares of Godavari will be credited to investors demat accounts by end of October 29. Also, on Tuesday, the IPO will initiate refund of the amount to those investors who did not meet their criteria.
The latest grey market premium (GMP) of the IPO signals a tepid listing which is likely to take place on October 30 on stock exchanges BSE and NSE.
Godavari Biorefineries, which is one of the largest producers of Ethanol & a pioneer in the manufacture of Alcohol-based Chemicals in India, launched its IPO on October 23 and closed on October 25, at a price band of Rs 334 to Rs 352 per share. The IPO was fully subscribed by 1.87x, driven by retail and qualified institutional buyers on the final day.
Godavari Biorefineries IPO Allotment:
Here’s how you can check the status of your application for Godavari Biorefineries IPO on three panels:
To check the application status on Link Intime, click on the link below:
https://linkintime.co.in/initial_offer/public-issues.html
Step 1: You will be directed to the IPO allotment status page of Link Intime upon clicking the link.
Step 2: Select ‘Godavari Biorefineries’ in the ‘Select Company’ option.
Step 3: Notably, the application status can be reviewed through PAN card number, Application Number, Client ID/DP, Account Number, and Bank IFSC code. So you can feed in either of the details.
Step 4: Click SUBMIT and you will be able to review the application.
To Check the Application Status On BSE, Click On The Link Below:
https://www.bseindia.com/investors/appli_check.aspx
Step 1: Here, you will have to select the ‘Issue Type’ which would be EQUITY. Then select the company name ‘Godavari Biorefineries’.
Step 2: The third process is to add either ‘Application No’ or ‘PAN number’.
Step 3: Finally click on SEARCH to review the status of your bidding in the IPO.
To Check Your Application Status On NSE, Click On The Link Below:
https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jspb
As per the NSE website, to avail of this facility, the investor has to register one time by providing the PAN details. The user shall be able to view the details of the bids entered against the registered PAN number. However, first, they need to register on NSE. On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.
NSE will also provide Allotment information as provided by the registrar to the issue.
Godavari Biorefineries IPO GMP Today:
As per Investor Grain, Godavari Biorefineries IPO last GMP is ₹5, last updated Oct 28th 2024 11:25 PM. With the price band of 352.00, Godavari Biorefineries IPO’s estimated listing price is ₹357 (cap price + today’s GMP).The expected percentage gain/loss per share is 1.42%.
About Godavari Biorefineries:
The company is largely involved in the industrial production of sugar, bulk and speciality chemicals including ethanol & biofertilizers, generation of bio-power, plantation of different types of cane and research activities related to new bio chemicals and drugs. It has an experience of over 80 years in the sugar industry and almost 60 years of experience in the bio-based chemicals industry.
Story first published: Tuesday, October 29, 2024, 5:20 [IST]
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Original news source Credit: www.goodreturns.in
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