Godavari Biorefineries IPO GMP History
Godavari Biorefineries IPO has been listed on October 30, 2024 at a listing price of ₹308, against the issue price of ₹352 — a loss of ₹44 (-12.5%). The GMP peaked at ₹15 on 25 October 2024 and reached a low of ₹5 on 29 October 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Godavari Biorefineries IPO raised ₹554.75 Cr. through its IPO at a price band of ₹334 to ₹352 per share, with a lot size of 42 shares. The IPO was open for subscription from 23 Oct 2024 to 25 Oct 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 29 Oct 2024 | ₹ 5 | — | 1% | — | — |
| 28 Oct 2024 | ₹ 5 | — | 1% | — | — |
| 26 Oct 2024 | ₹ 5 | ▼ | 1% | — | — |
| 25 Oct 2024 | ₹ 15 | — | 4% | — | — |
Godavari Biorefineries IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 23 Oct 2024
- Close 25 Oct 2024
- Allotment 28 Oct 2024
- Refund/credit 29 Oct 2024
- Listing 30 Oct 2024
Godavari Biorefineries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹352 |
|---|---|
| GMP-based estimate (pre-listing) | ₹367 (+4.3%) |
| Listing gain / loss | −₹44 per share |
| Listing date | 30 Oct, 2024 |
| Actual listing price | ₹308 (-12.5%) |
Is Godavari Biorefineries IPO GMP reliable?
Grey market premium for Godavari Biorefineries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Godavari Biorefineries IPO full review for a fundamentals-based assessment before making any grey market trades.
Godavari Biorefineries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Godavari Biorefineries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Godavari Biorefineries IPO
Godavari Biorefineries Limited was incorporated as Godavari Investment and Finance Corporation Limited in Mumbai on 12 January 1956. It makes ethanol-based chemicals, and as per Frost & Sullivan is one of India's largest ethanol producers by volume as of 31 March 2024.
Its products include bio-based chemicals, sugar, different grades of ethanol and power, used in food, beverages, pharmaceuticals, flavours and fragrances, power and fuel.
Its promoters are Samir Shantilal Somaiya, Lakshmiwadi Mines and Minerals and Somaiya Agencies.
The IPO was Rs 554.75 crore, with Rs 325.00 crore of fresh issue and Rs 229.75 crore of offer for sale by promoters, promoter group members and investors. Fresh money was mainly planned for repaying borrowings.
Frequently asked
What is the GMP of Godavari Biorefineries IPO?
The current Grey Market Premium (GMP) of Godavari Biorefineries IPO is ₹ 15.
What is the Kostak Price of Godavari Biorefineries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Godavari Biorefineries IPO is not available.
What is the Subject to Sauda Price of Godavari Biorefineries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Godavari Biorefineries IPO?
Godavari Biorefineries IPO listed on October 30, 2024 at ₹308, against the issue price of ₹352 — a loss of -12.5%.
How did the GMP of Godavari Biorefineries IPO trend before listing?
The GMP of Godavari Biorefineries IPO was stable in its final days before listing. The GMP peaked at ₹15 on 25 October 2024. View the day-wise table above for the complete GMP history.
Explore Godavari Biorefineries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
