Godavari Biorefineries Ltd. has announced public offering of 15759938 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 342.00 per share. The gross proceeds of the issue are expected to be Rs 55,474.98 lakhs.

The company's initial public offer (IPO) will open on 23 October 2024 and is expected to close on 25 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 334.00-352.00 per share.

The IPO includes a fresh Issue of 15759938 Equity Shares of the Company at an price of Rs 352.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 42 shares with bids in multiples of 42.

Godavari Biorefineries Ltd. anticipates using the proceeds of the issue for .

Equirus Capital Private Limited,SBI Capital Markets Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.