Gandhar Oil IPO Allotment Date and Listing Date, How to Check the Gandhar Oil IPO Allotment Status?

Gandhar Oil IPO Allotment Date

Gandhar Oil is anticipated to release its IPO allotment status on Wednesday, November 29. The IPO, which was open from November 22 to November 24 with a price band of ₹160 to ₹169 per share, garnered significant investor interest. The subscription rate stood at an impressive 64.07 times, with bids for 136 crore equity shares against 2.07 crore shares on offer. The qualified institutional buyer portion saw a subscription of 129 times, non-institutional investors 62.23 times, and retail investors at 28.95 times. The shares of Gandhar Oil are currently commanding a grey market premium (GMP) of ₹75 per share.

Gandhar Oil IPO Listing Date

The initial public offering (IPO) of Gandhar Oil Refinery Ltd is set to be listed on November 30, 2023. The listing is scheduled to take place on both the BSE and NSE during a special pre-open session. Market experts anticipate a strong performance for Gandhar Oil IPO, with expectations of a significant premium.

Gandhar Oil, a manufacturer of white oils, marked its stock market debut with a notable premium on Thursday. The companys shares debuted on the NSE at Rs 298, reflecting a 76% premium or an increase of Rs 129 from the issue price of Rs 169. Similarly, on the BSE, the stock opened at Rs 295.4, presenting a substantial 75% premium over the IPO price.

How to Check the Gandhar Oil IPO Allotment Status?

To check the Gandhar Oil IPO allotment status, follow these steps,

1. Visit the Registrar's website designated for IPO allotment status.
2. Click on Select Company and choose Gandhar oils from the list of available companies.
3. Enter your PAN, application number, DP/Client ID, or Account number/IFSC, as required.
4. Input the captcha code provided.
5. Click on the Submit button.
6. The displayed information will include the number of shares applied for and the number of shares allotted to you.

Additionally, you can check the Gandhar Oil IPO allotment status on the BSE and NSE websites

For BSE

• Visit the BSE website.
• Click on Equity and select Gandhar Oil from the dropdown menu.
• Enter your application number and PAN.
• Click on Search to view the allotted shares.

For NSE

• Log in to your account on the NSE website.
• Navigate to the IPO section.
• Find and select Gandhar Oil from the list.
• Check your IPO allotment status

Gandhar Oil IPO Price Price Band

Gandhar Oils stock made a robust debut at Rs 298 per share, indicating an impressive premium of 76.33% over its issue price of Rs 169. The IPO, which amounted to ₹500.69 crore, was open for subscription from November 22 to November 24, with a price band set between ₹160 and ₹169 per share. The strong market response and substantial listing premium underscore the investor confidence and positive sentiment surrounding Gandhar Oils IPO.