Godavari Biorefineries IPO
Godavari Biorefineries Limited (GODAVARIB) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 October 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -3.1% (likely range -11% to +7%), day's high +3.2%, chance of a gain 33%. Actual: -12.5% at the open, +0.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 31,45,977 | 86,89,212 | 2.76x | |
| NII (HNI) total | 24,38,629 | 21,98,112 | 0.90x | |
| Big NII (above ₹10 lakh) | 16,25,753 | 8,75,070 | 0.54x | |
| Small NII (₹2-10 lakh) | 8,12,876 | 13,23,042 | 1.63x | |
| Retail | 56,90,133 | 97,31,736 | 1.71x | |
| Total | 1,12,74,739 | 2,06,19,060 | 1.83x |
Bids on NSE and BSE together, as published by NSE, as of 25 Oct 2024, 07:00 PM. Shares offered exclude the anchor portion. 41% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Godavari Biorefineries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Prince Pipes and FittingsDec 2019 | 3.54x | 1.21x | 1.89x | 2.21x | ₹503 Cr | -10.1% | -0.1% |
| Yatra OnlineSep 2023 | 2.05x | 0.42x | 2.11x | 1.61x | ₹796 Cr | -10.2% | -2.4% |
| Popular Vehicles and ServicesMar 2024 | 1.97x | 0.66x | 1.05x | 1.23x | ₹601 Cr | -2.0% | -2.0% |
| Fedbank Financial ServicesNov 2023 | 3.51x | 1.45x | 1.82x | 2.20x | ₹1,105 Cr | -1.4% | +5.9% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Godavari Biorefineries IPO price band and lot size? ₹334–352 per share, with a lot of 42 shares, so the smallest retail bid is ₹14,784.
How many times has it been subscribed? 1.83x overall: QIB 2.76x, NII 0.90x, retail 1.71x.
How did it list? It opened at ₹308, -12.5% against the issue price of ₹352, and closed its first day -2.5%.
