Godavari Biorefineries inventory was right this moment listed at Rs 310.55 on the BSE which was a 12% low cost over the problem value of Rs 352. On the NSE, it bought listed at Rs 308, which was a 12.5% low cost from its situation value of Rs 352.
Put up its itemizing the inventory recovered a few of its losses to shut the session at Rs 342.85, up by Rs 32.30 or 10.40% over the itemizing value.
The problem, which included a recent fairness sale price Rs 325 crore and an offer-for-sale (OFS) of as much as 6.53 million shares, was subscribed 2 occasions at shut.
The corporate is one among India’s largest ethanol producers by quantity, with a bio-refinery capability of 570 KLPD for ethanol manufacturing. Its numerous portfolio contains bio-based chemical compounds, sugar, ethanol, and energy, catering to industries equivalent to meals, drinks, prescribed drugs, private care, and gasoline. In step with authorities initiatives to spice up ethanol mixing, Godavari plans to broaden its distillery capability from 600 KLPD to 1,000 KLPD.
Godavari Biorefineries provides merchandise to main corporations together with Hershey India, Hindustan Coca-Cola Drinks, and LANXESS India, amongst others.Financially, the corporate’s revenue fell to Rs 12.3 crore for the 12 months ending March 2024, down from Rs 19.6 crore the earlier 12 months, whereas income dropped to Rs 1,686.7 crore from Rs 2,014.7 crore. For the June 2024 quarter, the corporate posted a lack of Rs 26.1 crore on income of Rs 522.5 crore.The IPO was managed by Equirus Capital and SBI Capital Markets and Hyperlink Intime India served because the registrar.
As per the information accessible on Trendlyne, she publicly held 11 shares with a web price of over Rs 446.4 crore as on September 30, 2024. The shares in her portfolio embrace Unicommerce eSolutions, Samhi Motels, Unicommerce eSolutions, Bombay Dyeing & Manufacturing Firm, Kopran, Niyogin Fintech, Repro India, Rashi Peripherals, Sangam (India), IRIS Enterprise Providers, Transformers & Rectifiers (India) and Indostar Capital Finance.
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