What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Gandhar Oil Refinery India Limited IPO?

Based on the upper price band of ₹169 and current GMP of ₹85, the estimated listing price is ₹254 (approx. 50.3% gain).

What is the expected profit per lot for Gandhar Oil Refinery India Limited IPO?

With a lot size of 88 shares and current GMP of ₹85, expected profit per retail application lot is approximately ₹7,480.

IPO GreyPremiumLIVE

Grey Market Intelligence

Gandhar Oil Refinery India Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Gandhar Oil Limited is a leading manufacturer of white oils used mainly in consumer and healthcare industries, offering over 350 products under the brand name “Divyol”. Their products are key ingredients for many end products in sectors like consumer goods, healthcare, automotive, industrial, power, tyre, and rubber. The company serves both Indian and global markets, supplying to more than 100 countries as of June 2022. Gandhar Oil has over 3,500 clients worldwide, including well-known brands like P&G, Unilever, Marico, Dabur, Patanjali Ayurved, Bajaj Consumer Care, Emami, Encube, and Amrutanjan Healthcare.

Price Band

₹160 – ₹169

Issue Size

₹501 Cr

Lot Size

88 shares

GMP

₹85

+50.3%

Est. Listing

₹254

at current GMP

Subscribed

64.07x

overall

Open

22 Nov 2023

24 Nov 2023

Allotment

29 Nov 2023

Refund

30 Nov 2023

Demat Credit

1 Dec 2023

Listing

30 Nov 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Gandhar Oil Refinery India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹85+50.3%

Issue Price (Upper)

₹169

Band: ₹160 – ₹169

Estimated Listing Price

₹254

Upper price + GMP

Lot Size

88 shares

Min investment ₹14,872

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹85	50.3%	₹254
30 Oct 2026	+₹85	50.3%	₹254
29 Oct 2026	+₹77	45.3%	₹246

About Gandhar Oil Refinery India Limited Public Issue & Market Profile

Gandhar Oil Refinery India Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹500.69 Crores. The shares are offered at a price band of ₹160 to ₹169 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2023-11-24, the basis of allotment is scheduled to be finalized on 2023-11-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Gandhar Oil Refinery India Limited IPO GMP today?

The latest grey market premium for Gandhar Oil Refinery India Limited IPO is ₹85, which indicates an expected listing price of ₹254.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.