Godavari Biorefineries, India's largest bio-refinery, files preliminary IPO papers with Sebi to raise Rs 325 cr.
Godavari Biorefineries, India's largest integrated bio-refinery, files preliminary papers with Sebi for an IPO to raise Rs 325 cr. The IPO comprises a fresh issue of Rs 325 cr in equity shares and an Offer-for-Sale of 65.27 lakh equity shares. Proceeds will be used for debt repayment and general corporate purposes. The bio-based chemicals market is predicted to grow at a 10.4% CAGR from 2023 to 2028. SBI Capital Markets and Equirus Capital Markets will manage the IPO.
June 15, 2024
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