Gandhar Oil IPO listing date today. GMP, experts signal up to 40% premium

livemint.com:

Gandhar Oil IPO: Listing date of the initial public offering (IPO) of Gandhar Oil Refinery Ltd has been fixed on 30th November 2023 i.e. today. As per the information available on BSE website, Gandhar Oil share price will hit Dalal Street during Thursday deals.

According to BSE notice, Gandhar Oil IPO will list on BSE and NSE in special pre-open session on BSE and NSE. According to stock market experts, Gandhar Oil IPO received strong response from investors and it is expected to list at strong premium as well. They said that stock market mood is also optimistic and that also fancies and additional benefit for the public issue.

They went on to add that Gandhar Oil IPO may list at around ₹58 to ₹68 premium, which means an allotte may expect up to 40 per cent listing gain from Gandhar Oil IPO. Speaking on Gandhar Oil IPO listing, Rajan Shinde, Research Analyst at Mehta Equities said, "Leading manufacturer of white oils, Gandhar Oil received a better than expected subscription demand mainly on the back of reasonable IPO valuation when compared to its peers which are trading high, scalable business model and enjoying a dominant market share with a niche product portfolio of 440 products catering to diverse consumers and healthcare worldwide." On Gandhar Oil IPO listing gain that an allottee can expect, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, "There is no doubt that Gandhar Oil IPO listing would be strong. But, it may not give Tata Technologies like listing gain.