Godavari Biorefineries will launch IPO at right time

Mumbai: Godavari Biorefineries Ltd will launch its initial public offering (IPO) at the right time while monitoring the geopolitical situation.

As per the news report published by PTI, Samir Somaiya, Managing Director and CEO of the company said, “The geopolitical situation has changed and we are observing the changes to find the right time to issue an IPO. We have got prior permission from SEBI and have one year time to get listed.”

The company is expanding the ethanol production capacities at its plants located at Bagalkot (Karnataka) and Ahmednagar (Maharashtra).



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