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Godavari Biorefineries Ltd to launch its IPO

BNE ADMIN


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Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Sunday said it is watching the geopolitical situation and will make its share market debut at the right time".

Godavari Biorefineries Ltd CEO and Managing Director Samir Somaiya told PTI that the company has already received the market regulator SEBI's final approval for its initial public offering (IPO).

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"We got SEBI's final comments on our IPO request during November-end (2021). We have one year to get listed. We will look at the right time for the listing," he said.

The company has time till November this year to list the IPO. About Rs 370 crore would be the primary offering, he said.

Source-PTI

BNE ADMIN