Gandhar Oil IPO: Issue subscribed 5.54 times at the end of first day: GMP, Issue details and 10 things to know
BSE. While Non Institutional Investors had bid for 7.70 times the Number of shares offered or reserved, Retail investors had bid 6.92 times. Gandhar Oil Refinery will remain open for bidding till 24th November, 2023.
The white oil manufacturer has fixed Gandhar Oil IPO price at ₹160 to Rs169 per equity share. The oil maker aims to raise ₹500.69 crore from its initial public offer and it is proposed for listing on both BSE and NSE. Meanwhile, the grey market is signaling bullish trend for Gandhar Oil IPO.
According to investorgain.com, shares of Gandhar Oil Refinery Ltd are available at a premium of ₹70 in the grey market today. Also Read-Rockingdeals IPO: Check latest GMP, subscription status on day 1, other details Important Gandhar Oil IPO details 1] GMP: Shares of the oil maker are available at a premium of ₹76 in the grey market today. 2] IPO date: The public issue has opened today for bidding and it will remain open till Friday this week.
3] IPO price: The white oil maker has fixed price band of the public issue at ₹160 to ₹169 per equity share. 4] Size: The company aims to raise ₹500.69 crore from its initial offer, out of which, ₹300 crore is aimed via issuance of fresh shares. 5] Lot size: A bidder will be able to apply in lots and one lot of the issue comprises 88 company shares.
6] Investment limit: A retail investor would require at least ₹14,872 ( ₹169 x 88) to apply for this public issue. Also Read-Flair IPO open today: GMP, issue details, price band, 10 key things to know 7] Allotment date: As per T+3 schedule, the probable Gandhar Oil IPO allotment date is 27th November, 2023. 8] Registrar: Link Intime India Private Ltd has been appointed as official registrar of the public issue.
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