Godavari Biorefineries shares list at 12.5% discount to IPO price

Godavari Biorefineries shares made a weak market debut on Wednesday, listing at ₹308 on NSE. This marks 12.5% discount to IPO price of ₹352. On BSE, the shares were listed at 11.77% discount at ₹310.55. This is significantly lower than 1.42% premium with which unlisted shares of the company were reportedly trading in the grey market ahead of the listing.