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Godavari Biorefineries IPO sees 54 percent subscription amid market challenges

Godavari Biorefineries' IPO has garnered a 54% subscription by the second day of bidding, with retail investors subscribing 0.96 times their allotted quota. The Rs 555-crore share sale aims to raise Rs 325 crore through a fresh issue and Rs 229.75 crore via an offer-for-sale of 65.26 lakh shares. The price band is set between Rs 334-352 per share, with Mandala Capital AG exiting by selling its entire stake.
Moneycontrol
Godavari Biorefineries Ltd. IND Mandala Capital AG
Finance & Economy, Market Report
13:38 24.10.2024
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