The Gandhar Oil Refinery IPO commenced on November 22, 2023, and concluded on November 24, 2023. The allotment of shares took place on November 30, 2023, and the initiation of refunds began on December 1, 2023. The shares were credited to the demat accounts of investors on December 4, 2023. Finally, the listing of Gandhar Oil Refinery on the stock exchange occurred on December 5, 2023.
The Gandhar Oil Refinery IPO was priced at ₹160 to ₹169 per share, with a lot size of 88 shares. The total issue size was ₹500.69 crores, comprising a fresh issue of ₹302.00 crores and an offer for sale of ₹198.69 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Gandhar Oil Refinery IPO Basic Details
| Company Name | Gandhar Oil Refinery India Limited |
| Domain of Company | White Oil Manufacturing Company |
| Gandhar Oil Refinery IPO GMP Today | ₹69 |
| Gandhar Oil Refinery IPO Listing Gain | 40.83% |
| Gandhar Oil Refinery IPO Open Date | November 22, 2023 |
| Gandhar Oil Refinery IPO Close Date | November 24, 2023 |
| Gandhar Oil Refinery IPO Allotment Date | November 30, 2023 |
| Gandhar Oil Refinery IPO Listing Date | December 5, 2023 |
| Face Value | ₹2 per share |
| Price | ₹160 to ₹169 per share |
| Lot Size | 88 Shares |
| Issue Size | 29,626,732 shares of ₹2 (aggregating up to ₹500.69 Cr) |
| Fresh Issue | 17,869,822 shares of ₹2 (aggregating up to ₹302.00 Cr) |
| Offer for Sale | 11,756,910 shares of ₹2 (aggregating up to ₹198.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Mr Ramesh Babulal Parekh, Mr Samir Ramesh Parekh and Mr Aslesh Ramesh Parekh |
Gandhar Oil Refinery IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹69 | 40.83% | – | – |
| 20 November 2023 | ₹69 | 40.83% | – | – |
| 19 November 2023 | ₹69 | 40.83% | – | – |
| 18 November 2023 | ₹47 | 27.81% | – | – |
| 17 November 2023 | ₹47 | 27.81% | – | – |
| 16 November 2023 | ₹47 | 27.81% | – | – |
Gandhar Oil IPO Details:
Gandhar Oil Limited is a big name in making white oils that people use in everyday stuff and health products. By June 30, 2022, they’ve got a bunch of over 350 products. These mainly fit into three groups: personal care, health, and performance oils (PHPO); lubes; and process and insulating oils (PIO). They sell all these under the brand “Divyol.”
Their products are super important because they’re used in making lots of different things in areas like regular stuff people use, health, cars, factories, power, tires, and rubber. Big companies in India and all over the world use their stuff.
As of June 2022, the company has been doing business in 100 countries around the world. They’ve worked with more than 3500 clients, including big shots like Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.
Gandhar Oil Refinery IPO More Details Click Here
Gandhar Oil Refinery IPO FAQs
When is Gandhar Oil Refinery IPO open?
Gandhar Oil Refinery IPO will open on 22 November 2023.
When is Gandhar Oil Refinery IPO Close?
Gandhar Oil Refinery IPO will be closed on 24 November 2023.
What is Gandhar Oil Refinery IPO GMP Today?
The Gandhar Oil Refinery IPO GMP aka Grey Market Premium is ₹69.
What is Gandhar Oil Refinery IPO Kostak Rates Today?
The Gandhar Oil Refinery IPO Kostak Rate is ₹000.
What is Gandhar Oil Refinery IPO Subject to Sauda Price Today?
The Gandhar Oil Refinery IPO subject to sauda rates is ₹000.
Gandhar Oil Refinery IPO Expected Returns?
The Gandhar Oil Refinery expected return is 40.83%.
How much will be the listing gain in Gandhar Oil Refinery IPO?
Gandhar Oil Refinery IPO will get listing gain of 40.83%. (Approx.)
