Godavari Refineries IPO Expected Listing Price: Godavari Refineries IPO closed on October 25 with an overall subscription rate of 1.83 times. Except for the Big HNI category, all other categories are fully subscribed.
I, Avishek Das, the chief editor of GMPIPO.COM, didn’t apply for the IPO as the GMP of Godavari IPO didn’t meet my expectations. I got an allotment of Waaree Energies IPO. I applied for Deepak Builders IPO but didn’t get any allotment.
Here we try to explore the Godavari Refineries IPO expected listing price after analyzing some key factors. First, let’s see the GMP trends.
#Godavari Refineries IPO GMP trends:
Godavari IPO GMP has not met the minimum GMP threshold. The GMP on 25 October remained less than 5%, whereas the minimum required GMP should be at least 20%. As per the Latest GMP trends, Expected Listing Price may be between ₹357 and ₹360. The Estimated profit for retailers may be ₹210/lot. The estimated profit for the HNI category may be ₹2940.00.
Exploring Godavari Refineries IPO expected listing price
The floor price is ₹334 and the Cut-off price is ₹352. As per the allotted price, Listing price may vary from ₹339 to ₹360. The listing gain may be 1%.
Godavari Refineries IPO Issue details:
The total issue size aggregates 15, 759,938 equity shares which cost ₹554.00 crore. The Fresh issue size consists of 9, 232,955 equity shares which cost ₹325.00 crore. The Offer for Sale (OFS) aggregates 6,526,983 equity shares which cost ₹229.75 Crore. Shareholding pre-issue size consists of 41,943,023 equity shares. And shareholding post issue size consists of 51,175,978 equity shares.
Why GMP falls and investors show less interest
The key performance indicators ()KPIs) reveal concerning company financial health trends over June 2024, March 2024, and March 2023. The Return on Equity (ROE) has sharply declined to -11.16% in June 2024, compared to 4.73% in March 2024, and 7.89% in March 2023. This drop
Indicates a significant loss of shareholder value in the latest quarter, reflecting weakened performance,
Similarly, the Return on Capital employed (ROCE)( has turned negative at -2.35% in June 2024, after being relatively strong at 9.53% and 10.59% in the previous periods. This negative ROCE suggests the company is struggling to generate returns on its capital, causing a sharp decline from its earlier financial strength.
For such poor indicators, most of the investors avoid this IPO and GMP falls. The listing price may be negative. Chances are there.
How to check Godavari Refineries IPO allotment status
In simple 3 steps, investors can check Godavari IPO allotment status
Step-1 Visit the registrar, Link Intime‘s official website
Step-2 Select Godavari Refineries Limited IOP from the drop-down menu
Step-3 Insert ‘application number’ or ‘PAN number, or DP ID
Allotment status appears.
Godavari Refineries IPO expected listing price on 30 October
Being a fundamentally weak company, the demand for the IPO dregs. Investors showed less interest in investing. The latest GMP is near about ₹5 (1%). The Listing price as per the GMP may be between ₹339 and ₹360. Godavari Refineries IPO expected listing price may be negative. Chances are there.
Hi, I’m Avishek, a passionate stock market enthusiast turned full-time investor. With my 3+ years of experience in the Indian and Global markets, I’ve developed a keen eye for potential winners. My portfolio includes successful allotments in IPOs from NYKAA, Bajaj Housing Finance, Waaree Energies Ltd, and more. I have never lost money in the stock market. Through this blog, I will provide all the information here.