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godavari biorefineries ipo sees 27 percent subscription on opening day
Godavari Biorefineries' ₹555-crore IPO had a slow start on October 23, with a subscription rate of 27% on the first day. Retail investors booked 48% of their quota, while non-institutional and qualified institutional buyers showed lower interest, securing 12% and 0.2% of their respective portions. The IPO, which includes a fresh issue of ₹325 crore and an offer-for-sale of ₹229.75 crore, is priced between ₹334-352 per share and closes on October 25.
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