Gandhar Oil IPO, Share Price, GMP, allotment Date, Subscriptions

Gandhar Oil IPO, Share Price, GMP, allotment Date, Subscriptions

The share allotment of Gandhar Oil's Initial public offering is supposed to be finished. Financial investors got shares on a lottery basis and the entire cycle was supervised by the recorder.

Gandhar Oil IPO Allotment Date

Mumbai-based Gandhar Oil Refinery, a producer of white oils in consumer and healthcare industries

is supposed to report the portion status of its first sale of stock (Initial public offering). The Gandhar Oil IPO allotment date was from November 22, 2023, to November 24, 2023.

Gandhar Oil IPO Allotment Date and Listing Date

Talking about Gandhar Oil IPO allotment date and listing date, Gandhar Oil Refinery India IPO began on November 22, 2023, and finished on November 24, 2023. The allocation for Gandhar Oil Refinery Initial public offering was concluded on Tuesday, November 28, 2023. Gandhar Oil Refinery India Initial public offering will be recorded on BSE, and NSE on November 30, 2023.

Important Dates-

IPO Opening Date – 22nd November 2023

IPO Closing Date – 24th November 2023

Allotment – 28th November, 2023

Refund Initiation – 29th November, 2023

Listing Date – 30th November

Trading starts from – 5th December, 2023

Gandhar Oil Refinery India IPO Details

Face Value – 2 per share

Price Band – 160 – 169 per share

Lot Size – 88

Total Issue Size - 29,626,732 shares

Fresh Issue - 17,869,822 shares

Offer for Sale- 11,756,910 shares of 2

Gandhar Oil IPO Allotment Date and Time

There are several news reporting the Gandhar Oil IPO allotment date and time. The shares of Gandhar Oil were subscribed 64.07 times. The allotment date was 28th November, 2023 and the shares are expected to be listed on the stock exchanges on November 30.

Gandhar Oil IPO GMP

Ensuring a positive response from financial investors, the share price of Gandhar Oil has kept on building up speed in the unlisted stock market. As per market viewers, shares of Gandhar Oil Refinery Ltd. were accessible at a premium of ₹68 in the grey market.

Observers concluded that Gandhar Oil IPO GPM has ascended from around 30% to 45% percent over the last week. They proceeded to add areas of strength for that Oil Initial public offering membership status is one of the significant explanations behind the grey market going further bullish on the issue.

Gandhar Oil IPO Allotment Status

The Gandhar Oil IPO allotment status is set to be finalized on November 30, 2023, and the shares are probably going to be recorded on the BSE and NSE on December 5. Financial backers who participated in the 500.69 crore Initial public offering can check their allotment status through two online ways: either on the BSE site or on the registrar’s website.

Steps to check the allotment status on BSE:

1. Go to the BSE website.

2. Select ‘Equity’ and then from the dropdown, select the issue name.

3. Enter your application number and PAN card number.

4. Click on the "Search" button.

 Steps to check the allotment status On its registrar's website:

1) Visit the website of Link Intime.

2) Tap on ‘Company Selection’ and then select the IPO name.

3) Enter your PAN number, application number, DP / Client ID, or account number / IFSC.

4) Click on ‘Search’.

Some Major Interesting Points

1. Gandhar Oil Refinery revealed an increase of 15.13% in revenue. Likewise, the profits rose to 30.3 %
2. As of June 2022, the company has served 100 nations across the globe.
3. The company has served 3500 clients, including Procter and Bet (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Customer Care, etc.
4. Gandhar Oil Refinery Listing date is November 30, 2023
5. Investors are mostly positive towards the issue and are in Favor of subscriptions as they a huge potential and reasonable returns.
6. The company offers a range of products majorly under the categories of healthcare, personal care, performance oils, lubricants, and insulating oils.
7. The Gandhar Oil Refinery has fixed the price band at Rs 160 to Rs 169 per share. 
8. Gandhar Oil Refinery’s shares trading will start from 5th December 2023.
9. Retail investors bid 28.95 times and high net-worth individuals 62.2 times the portion set aside for them.

Gandhar Oil Refinery (India) Limited IPO

Date : 22-Nov to 24-Nov-2023
FV : ₹2
Price : ₹160 - ₹169
Market Lot : 85 Shares
App Amt : ₹14,365
Size : ₹500.69 Cr#IPO #IPOAlert #IPOKing #IPOTracker #GandharOilIPO

— IPO King (@ipo_in) November 16, 2023

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Frequently Asked Questions

Q. What is Gandhar Oil Refinery (India) Limited?

Ans - Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.

Q. When did Gandhar Oil Refinery (India) Limited Incorporated?

Ans – Gandhar Oil Refinery was incorporated in 1992.

Q. How can you check the Gandhar Oil Refinery IPO allotment status?

Ans - If you have applied for the Gandhar Oil IPO, you can check your Gandhar Oil IPO allotment status on the website of the IPO registrar, Link Intime India Private Ltd.

Q. What is the IPO allotment status?

Ans - On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

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Q. What was the IPO date of Gandhar Oil Refinery?

Ans – The IPO date of Gandhar Oil Refinery was from 22nd Nov 2023 to 24th Nov 2023.