IPO of Gandhar Oil Refinery: Subscription for the initial public offer (IPO) of Gandhar Oil Refinery Limited ended on Friday. In three days of offering, Gandhar Oil IPO subscription status suggests that the book building issue has received a strong response from investors, especially from QIBs. After closing of Gandhar Oil IPO subscription, the public issue is worth ₹500.69 crore was subscribed more than 64 times.
Meanwhile, after a strong response from investors, Gandhar Oil’s share price gained further momentum in an unlisted stock market. According to market observers, shares of Gandhar Oil Refinery Ltd are available at a premium of ₹77 in gray market today.
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Market watchers said that Gandhar Oil IPO gray market premium (GMP) is today ₹77, which is ₹5 higher from its Friday close of ₹72. Observers added that Gandhar Oil IPO GMP rose from about 30 percent to 45 percent in the last week against Gandhar Oil IPO price band of ₹160 to ₹169 per equity share. They went on to add that strong Gandhar Oil IPO subscription staus is one of the main reasons for gray market being more bullish on the book building issue.
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Led by QIB investors, the book-building issue was subscribed more than 64 times, while its retail portion was subscribed 28.95 times. The NII portion of the public issue was subscribed 62.23 times while its QIB segment was subscribed 129 times.
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Gandhar Oil IPO allotment date
In the wake of T+3 schedule, Gandhar Oil IPO listing date would be third trading session after closing of the public issue. As issue closed on Friday and Monday next week will be a stock market holiday, Gandhar Oil IPO listing date is most likely Thursday next week ie November 30, 2023. So, most likely Gandhar Oil IPO allotment date is 28 November 2023 ie next Tuesday. a week
Gandhar Oil IPO allotment status check
Once share allotment is announced, bidders will be able to check the Gandhar Oil IPO allotment status online by logging on to the BSE website or the website of its official registrar – Link Intime Private Limited. For more convenience, investors can login at direct BSE link – bseindia.com/investors/appli_check.aspx or at direct Link Intime portal – linkintime.co.in/mipo/ipoallotment.html and check Gandhar Oil IPO allotment status online .
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Updated: 25 Nov 2023, 11:35 IST
(tagsTo Translate)Gandhar Oil IPO