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 current subscription status of Gandhar Oil Refinery India Limited IPO?

Gandhar Oil Refinery India Limited IPO has received a total subscription of 64.07 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

64.07x

Total Demand

QIB Multiplier

129.00x

Institutions & Funds

NII / HNI

62.23x

High Net-Worth

Retail (RII)

28.95x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 64.07x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	5,927,984	764,713,136	129.00x
NIB	4,594,787	285,933,824	62.23x
HNIs(10L +)	3,063,191	183,463,808	59.89x
HNIs (2-10L)	1,531,596	102,470,016	66.90x
RETAIL	10,721,169	310,352,504	28.95x
Total	25,838,727	1,646,933,288	64.07x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 30.14x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	117,833	3,411,265	28.95x
HNIs (10L +)	754	46,921	62.23x
HNIs (2-10L)	3,607	224,464	62.23x
Total Applications	122,194	3,682,650	30.14x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Gandhar Oil Refinery India Limited IPO is ₹85 per equity share. Based on the upper price band of ₹160 to ₹169 per equity share, the estimated listing price is ₹254 (+50.3% expected listing 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, the expected profit per application lot is approx ₹7,480 (+50.3% gain). Minimum application cost is approx ₹14,872.

What is the issue size and price band for Gandhar Oil Refinery India Limited IPO?

The Gandhar Oil Refinery India Limited IPO aggregate issue size is ₹500.69 Crores with an equity price band set at ₹160 to ₹169 per equity share. The retail lot size is 88 shares requiring a minimum capital outlay of approx. ₹14,872.

How can I check Gandhar Oil Refinery India Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 64.07x (Retail: 28.95x, QIB: 129.00x, NII: 62.23x). You can track live multiples directly on our dedicated subscription page.

Where and when will Gandhar Oil Refinery India Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-11-29. Investors can verify status using PAN card or application number.

When is the listing date for Gandhar Oil Refinery India Limited IPO?

Gandhar Oil Refinery India Limited shares are scheduled to list on NSE and BSE on 2023-11-30.