In this article, we will talk about the Gandhar Oil Refinery IPO. Gandhar Oil Refine Limited is an Indian company that is a known name in the world of specialty oils. The company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end industries. Reportedly, Gandhar Oil Refinery IPO has set primary market today, 22 November 2023 and it will remain open for bidding till 24th November 2023. Now many people are super curious to know about the whole information. Here we have more information about the news and we will share it with you in this article.
Which IPO Is Best
Gandhar Oil’s IPO price has been fixed by the white oil manufacturer and it has a price of ₹160 to ₹169 per equity share. The oil maker’s purpose is to increase ₹500.69 crore from its initial public offer and it has been proposed for listing on both NSE and BSE. Meanwhile, the grey market has been singling a bullish trend for Gandhar Oil IPO. As per investorgain.com, the company shares have been available at a premium of ₹76 in the grey market today. Swipe up the next page for more information about it.
Important Gandhar Oil IPO details
1. GMP – Oil maker shares have been available at a premium of ₹76 in the grey market today.
2. IPO price – The white oil marker has set the cost band of the public issue at ₹160 to ₹169 per equity share.
3. IPO data – The public issue has unlocked today for bidding and it is going to remain open till Friday this week.
4. Size: The firm aims to increase ₹500.69 crore from its initial offer, out of which, ₹300 crore is sought via the distribution of new shares.
5. Lot Size: A bidder will be capable of applying in lots and one lot of the issue will consist of 88 shares of the company.
Should you apply or not?
Advising investors to apply for the IPO, Prathamesh Masdehkar, Research Analyst at Stoxbox, stated,” The firm has a comprehensive customer and supplier base, with a more elevated portion of customers placing repeat orders because of its large product portfolio and customization. The firm has posted powerful financial performance in the past and has been likely to sustain going forward because of its focus on expanding its product portfolio and growing overseas business. Here we have shared all the information that we had. Stay tuned to us for more updates.