The Gandhar Oil Refinery IPO started on November 22, 2023, and ended on November 24, 2023. Shares were allocated on November 30, 2023, and refund processes began on December 1, 2023. On December 4, 2023, the shares were credited to investors demat accounts. Gandhar Oil Refinery was officially listed on the stock exchange on December 5, 2023.
During the IPO, Gandhar Oil Refinery offered shares at a price range of ₹160 to ₹169 per share, and the lot size was 88 shares. The total issue size was ₹500.69 crores, with ₹302.00 crores from new shares and ₹198.69 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Gandhar Oil IPO Subscription Update Video
Gandhar Oil Refinery IPO Subscription Status
The Gandhar Oil Refinery IPO on November 24, 2023 was subscribed 65.63 times, with the retail category being subscribed 29.93 times, the NII (Non-Institutional Investor) category being subscribed 64.34 times, the QIB (Qualified-Institutional Buyers) category being subscribed 129.06 times.
| Category | Subscription |
| QIB | 129.06x |
| NII | 64.34x |
| Retail | 29.93x |
| Total | 65.63x |
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 | ₹47 |
| Gandhar Oil Refinery IPO Listing Gain | 27.81% |
| 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 |
About Gandhar Oil Refinery India Limited
Gandhar Oil Limited is a big company that makes white oils for everyday and health stuff. By June 30, 2022, they had more than 350 different products in three main groups: personal care, health and performance oils (PHPO), and lubricants, as well as process and insulating oils (PIO). They sell these under the name “Divyol.”
Their oils are super important because they go into lots of things like stuff for people, health products, cars, factories, power, and things made of rubber. Big companies in India and all around the world use their oils to make their products.
By June 2022, the company had customers in 100 different countries. They helped out more than 3500 clients, and some of the big names include Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.
Gandhar Oil Refinery IPO Should you subscribe?
Gandhar Oil Refinery IPO More Details Click Here
Gandhar Oil Refinery IPO FAQs
What is the start and end date of Gandhar Oil Refinery IPO Subscription?
The Gandhar Oil Refinery IPO started on November 22, 2023, and ended on November 24, 2023.
When does Gandhar Oil Refinery IPO Subscription open?
The Gandhar Oil Refinery IPO open on November 22, 2023.
When does Gandhar Oil Refinery IPO Subscription close?
The Gandhar Oil Refinery IPO Close on November 24, 2023.
What is the allotment date of Gandhar Oil Refinery IPO?
The allotment date for Gandhar Oil Refinery IPO is November 30, 2023.
When is the initial refund date of Gandhar Oil Refinery IPO?
The initial Refund date for Gandhar Oil Refinery IPO is December 1, 2023.
When were the shares credited to investors demat accounts for the Gandhar Oil Refinery IPO?
The shares for the Gandhar Oil Refinery IPO were credited to investors demat accounts on December 4, 2023.
When will Gandhar Oil Refinery IPO be listed on the stock market?
Gandhar Oil Refinery IPO stock market will be listed on December 5, 2023 at 10 am.
What was the price range of the Gandhar Oil Refinery IPO shares?
The Gandhar Oil Refinery IPO shares were offered at a price range of ₹160 to ₹169 per share.
What was the lot size for the Gandhar Oil Refinery IPO shares?
The lot size for the Gandhar Oil Refinery IPO shares was 88 shares.
What was the total issue size of the Gandhar Oil Refinery IPO?
The total issue size of the Gandhar Oil Refinery IPO was ₹500.69 crores.
How were the shares allocated among different types of investors for the Gandhar Oil Refinery IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Gandhar Oil Refinery IPO listed?
The Gandhar Oil Refinery IPO was listed on both the NSE and BSE.
What is the Gandhar Oil Refinery IPO Subscription Status?
Gandhar Oil Refinery IPO is subscribed 65.63 Times.
