Gandhar Oil Refinery IPO: Know GMP at present.
Unlisted shares of Gandhar Oil Refinery (India) Ltd proceed to commerce Rs 75 larger within the gray market, which is 44.38 per cent itemizing achieve from the general public problem
Gandhar Oil Refinery IPO: The preliminary public providing of Gandhar Oil Refinery noticed huge public subscription final week and its allotment date is tomorrow, November 28. The GMP for the corporate, which is prone to make inventory market debut on December 5, at the moment stands at Rs 75, which signifies a 44.38 per cent itemizing achieve as in contrast with the problem worth of Rs 169 per share.
The Rs 500.69 crore IPO of Gandhar Oil Refinery (India) final week obtained 64.07 occasions subscription on the ultimate day of bidding on Friday. The preliminary public providing (IPO) obtained bid for 1,36,09,99,464 shares towards 2,12,43,940 shares on provide, as per information out there with the NSE.
The class for certified institutional patrons (QIBs) attracted 129 occasions subscription, whereas the portion meant for non institutional traders subscribed 62.23 occasions. The half for retail particular person traders (RIIs) obtained 28.95 occasions subscription. The IPO was a contemporary problem of as much as Rs 302 crore and a suggestion on the market of as much as 1,17,56,910 fairness shares. The worth band for the IPO was Rs 160-169 a share.
Gandhar Oil Refinery IPO GMP
According to market observers, unlisted shares of Gandhar Oil Refinery (India) Ltd proceed to commerce Rs 75 larger within the gray market as in contrast with its problem worth. The Rs 75 gray market premium or GMP means the gray market is anticipating a 44.38 per cent itemizing achieve from the general public problem. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
The worth band of the IPO has been mounted at Rs 160-169 per share.
