Gandhar Oil Refinery (India) Limited IPO
Gandhar Oil Refinery (India) Limited was a mainboard IPO in the Lubricants sector, offered at ₹160–₹169 per share to raise ₹501 crore. The issue was subscribed 64.07× overall (QIBs 129×, NIIs 62.23×, retail 28.95×). It listed on 30 Nov 2023 at ₹298 and closed its first day at ₹301, a listing gain of +78.3% versus the ₹169 issue price. It now trades around ₹250 (+47.7% versus the issue price).
Frequently asked questions
- How many times was the Gandhar Oil Refinery (India) Limited IPO subscribed?
- The Gandhar Oil Refinery (India) Limited IPO was subscribed 64.07× overall — 129× in the QIB category, 62.23× among non-institutional investors, 28.95× in retail.
- What were the Gandhar Oil Refinery (India) Limited IPO listing gains?
- Gandhar Oil Refinery (India) Limited listed on 30 Nov 2023 at ₹298, closing its first day at ₹301 — a listing gain of +78.3% versus the ₹169 issue price.
- What were the retail allotment odds for the Gandhar Oil Refinery (India) Limited IPO?
- Retail was subscribed 28.95×, so a single-lot application had roughly a 3.5% chance of allotment (about 1 in 29), and allotment was finalised on 24 Nov 2023.
- What was the price band and lot size of the Gandhar Oil Refinery (India) Limited IPO?
- The price band was ₹160–₹169 per share, with a minimum lot of 88 shares (₹14,872 at the upper band).
- Who were the registrar and lead manager for the Gandhar Oil Refinery (India) Limited IPO?
- Link Intime India Private Limited was the registrar, and ICICI Securities was the book-running lead manager.