Gandhar Oil Refinery IPO: Check Allotment Status, GMP Today.
Gandhar Oil Refinery IPO allotment completed: Investors can now check their allotment status on Link Intime India website and BSE
Gandhar Oil Refinery IPO Allocation Completed: The share allotment of the Gandhar Oil Refinery (India) Ltd IPO was completed today, Wednesday (November 29). Investors can now check their allotment status on Link Intime India website and BSE.
The IPO of Gandhar Oil Refinery is now likely to take place tomorrow, Thursday, on the BSE and NSE.
Gandhar Oil Refinery IPO: Step by step guide to check allotment status
Here’s how you can check the IPO allotment status of Gandhar Oil Refinery from the BSE website:
1) Visit the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue type’, select ‘Shares’.
3) Under ‘Issue Name’, select ‘Gandhar Oil Refinery (India) Limited’ from the drop-down list.
4) Enter your application number or Permanent Account Number (PAN).
5) Then click on ‘I’m not a robot’ to verify yourself and click on the ‘Search’ option.
The status of your sharing request appears on your screen.
You can also visit the direct Link Intime portal – linkintime.co.in/mipo/ipoallotment.html and check the IPO allotment status of Gandhar Oil Refinery.
Gandhar Oil Refinery IPO GMP
According to market observers, unlisted shares of Gandhar Oil Refinery (India) Ltd are currently trading Rs 65 higher in the gray market compared to the issue price. The gray market premium of Rs 65 or GMP means that the gray market expects a listing gain of 38.46 percent from the public issue. The GMP is based on market sentiment and continues to change.
The ‘gray market premium’ indicates that investors are willing to pay more than the issue price.
IPO details of Gandhar oil refinery
The Gandhar Oil Refinery IPO was opened for subscription between November 22 and 24. The price band of the IPO was fixed at Rs 160-169 per share.
The IPO included a fresh issue of shares worth Rs 302 crore and an Offer for Sale (OFS) of 1.17 crore shares by promoters and existing shareholders.
Those who offered shares in the OFS included promoters – Ramesh Babulal Parekh, Kailash Parekh and Gulab Parekh – and other shareholders, Fleet Line Shipping Services LLC, Denver Bldg Mat & Dcor TR LLC and Green Desert Real Estate Brokers.
Proceeds from the new issuance component will be used for debt payments and for the purchase of equipment and civil works necessary for the expansion of automotive oil capacity at the Silvassa plant.