Godavari Biorefineries is selling its shares in the price band of Rs 334-352 apiece. Investors can apply for a minimum of 42 shares and its multiples thereafter.

Godavari Biorefineries Ltd.'s Rs 554.8-crore initial public offering was subscribed 34% so far on its second day on Thursday. The IPO consists of a fresh issue of 92 lakh shares worth Rs 325 crore and an offer for sale of 65 lakh shares worth Rs 229.

Godavari Biorefineries' IPO has seen a tepid response, with only 37% subscription so far. Analysts express caution due to high debt and recent financial challenges despite the company's market position.

Meanwhile, the grey market is still neutral on Godavari Biorefineries IPO. According to stock market observers, company shares are available at par in the grey market.

The price band of the maiden issue has been fixed in the range of Rs 334 to Rs 352 per equity share at the face value of Rs 10. The minimum lot size of the issue is 42 equity shares

Ethanol-based chemical manufacturer Godavari Biorefineries Ltd. will have a post-listing market capitalisation of ₹1,801 crore at the upper end of the price band.

The Godavari Biorefineries IPO will be open for subscription from October 23 to 25, with a price range of ₹ 334 to ₹ 352 per share. The IPO includes a fresh equity issue worth ₹ 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh shares, amounting to ₹ 230 crore, by promoters and an investor.

Godavari Biorefineries IPO is available at a price band of Rs 334-352, and a lot size of 42 shares. Accordingly, the investors can bid for a minimum of 42 shares and multiples thereof

Today marks the opening of the initial public offering for Godavari Biorefineries Ltd, a company specializing in ethanol and bio-based chemicals. The IPO begins today (Wednesday, October 23), and will conclude on Friday,