Godavari Biorefineries IPO subscribed 66% on Day 3 so far, GMP down to 4%.

 



The initial public offering (IPO) of Godavari Biorefineries received a muted response on the first 2 days of the bidding process and is now subscribed by just 66% so far on the last day of the bidding process.

As of 11 am, the maximum number of bids were attracted by the retail investors with a subscription of 1.17 times, followed by the non-institutional investors (NIIs) with a subscription of 32%.

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