Gandhar Oil Refinery IPO: Check allotment standing, GMP as we speak.
Gandhar Oil Refinery IPO Allotment Finalised: Investors can now examine their allotment standing on Link Intime India’s web site in addition to on BSE
Gandhar Oil Refinery IPO Allotment: The share allotment of the Gandhar Oil Refinery (India) Ltd IPO has been finalised as we speak, Wednesday (November 29). Investors can now examine their allotment standing on Link Intime India’s web site in addition to on BSE.
The Gandhar Oil Refinery IPO itemizing is now more likely to happen tomorrow, Thursday, on the BSE and the NSE.
Gandhar Oil Refinery IPO: Step-By-Step Guide To Check Allotment Status
Here’s how one can examine Gandhar Oil Refinery IPO allotment standing by way of BSE web site:
1) Go to the official BSE web site by way of the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Gandhar Oil Refinery (India) Limited’ within the dropbox.
4) Enter your utility quantity, or the Permanent Account Number (PAN).
5) Then, click on on the ‘I am not a robot’ to confirm your self and hit ‘Search’ possibility.
Your share utility standing will seem in your display screen.
You can even go to direct Link Intime portal — linkintime.co.in/mipo/ipoallotment.html and examine Gandhar Oil Refinery IPO allotment standing.
Gandhar Oil Refinery IPO GMP
According to market observers, unlisted shares of Gandhar Oil Refinery (India) Ltd are presently buying and selling Rs 65 increased within the gray market as in contrast with its difficulty value. The Rs 65 gray market premium or GMP means the gray market is anticipating a 38.46 per cent itemizing achieve from the general public difficulty. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem value.
Gandhar Oil Refinery IPO Details
The Gandhar Oil Refinery IPO was opened for subscription between November 22 and November 24. The value band of the IPO was fastened at Rs 160-169 per share.
The IPO comprised a contemporary difficulty of fairness shares value Rs 302 crore and an Offer for Sale (OFS) of 1.17 crore shares by promoters and present shareholders.
Those providing shares within the OFS included promoters — Ramesh Babulal Parekh, Kailash Parekh, and Gulab Parekh — and different shareholders, Fleet Line Shipping Services LLC, Denver Bldg Mat & Dcor TR LLC, and Green Desert Real Estate Brokers.
The proceeds from the contemporary difficulty element will probably be used for fee of debt and for the acquisition of apparatus and civil work required for enlargement within the capability of automotive oil on the Silvassa plant.
