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Gandhar Oil Refinery IPO: The IPO of Gandhar Refinery Limited has opened from today. Investors will have till 24 November 2023 to bet on this IPO. For the IPO, the company has raised Rs. 160 to Rs. 169 per share has fixed the price band. At the same time, the size of the IPO is Rs 500.69 crore. The company through Anchor Investors raised Rs. 150 crore has been collected. Tell us about this IPO in details –
What is the lot size?
The company has placed 88 shares in one lot. Due to which any investor has to bet at least 14,872 rupees. Allotment of shares by the company may take place on 27 November 2023. Let us tell you that the IPO shares of Gandhar Refinery Limited will be allotted on 27 November 2023. Whereas, listing is possible on 29 November 2023.
Tata Technologies is going to bet on IPO, wait, know the experts’ trends
What is GMP? (Gandhar Oil Refinery GMP)
GMP of Gandhar Refinery Limited’s IPO today at Rs. There are 76. That is, on the day of listing, the company can give investors a profit of 44.97 percent. Let us tell you that the gray market trend is showing that the listing of the company can be done at the level of 245 rupees.
What do the experts say?
Arun Kejriwal, founder of Kejriwal Research says, “The company is the largest white oil producer in the country. The total revenue of the company in the last financial year was Rs 4000 crore. The company supplies its products to the personal care, healthcare industries and performance oils.”