In India, the Press Trust of India reports Godavari Biorefinery’s IPO was 54% sold as of the second day of the offer. The shares allotted for individual investors was already 96% sold out, but other investment types had only 26% subscription. Shares are running between $3.62 and $4.30 each with a $65.8 million total raise expected that will go to paying off existing debt and general operating costs. SBI Capital Markets and Equirus Capital are the bookrunners for the IPO.
