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Monday, July 15, 2024

Finalized IPO Allotment for Gandhar Oil Refinery: Discover GMP Today and Verify Allotment Status

<p>Today, Wednesday, November 29, is the last day of the Gandhar Oil Refinery (India) Ltd IPO share allotment. Investors may now visit both the BSE and the website of Link Intime India to see their allocation status.</p>
<p>It is currently expected that the Gandhar Oil Refinery initial public offering (IPO) would be listed on the BSE and NSE tomorrow, Thursday.<img decoding=”async” class=”alignnone wp-image-292988″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-after-posting-56-listing-gains-ireda-shares-make-their-stellar-market-debut-should.jpg” alt=”theindiaprint.com after posting 56 listing gains ireda shares make their stellar market debut should” width=”1295″ height=”725″ title=”Finalized IPO Allotment for Gandhar Oil Refinery: Discover GMP Today and Verify Allotment Status 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-after-posting-56-listing-gains-ireda-shares-make-their-stellar-market-debut-should.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-after-posting-56-listing-gains-ireda-shares-make-their-stellar-market-debut-should-150×84.jpg 150w” sizes=”(max-width: 1295px) 100vw, 1295px” /></p>
<p>IPO of Gandhar Oil Refinery: A Comprehensive Guide to Verify Allotment Status</p>
<p>Here’s how to use the BSE website to check the allocation status for the Gandhar Oil Refinery IPO:</p>
<p>1) Use this URL to access the official BSE website.</p>
<p>2) Select “Equity” under “Issue Type.”</p>
<p>3) From the dropdown menu under “Issue Name,” choose “Gandhar Oil Refinery (India) Limited.”</p>
<p>4) Type in your Permanent Account Number (PAN), often known as your application number.</p>
<p>5) Next, choose “Search” after clicking the “I am not a robot” button to confirm who you are.</p>
<p>The status of your share application will show up on your screen.</p>
<p>IPO GMP for Gandhar Oil Refinery</p>
<p>Market watchers report that unlisted shares of Gandhar Oil Refinery (India) Ltd are now selling on the grey market for Rs 65 more than the issue price. The grey market anticipates a 38.46 percent listing gain from the public offering, as indicated by the Rs 65 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.</p>
<p>The willingness of investors to pay above the issue price is shown by the “grey market premium.”</p>
<p>Details of the Gandhar Oil Refinery IPO</p>
<p>Between November 22 and November 24, subscriptions for the Gandhar Oil Refinery IPO were accepted. The IPO’s price range was set at Rs 160–169 per share.</p>
<p>The IPO consisted of an offer for sale (OFS) of 1.17 crore shares by the promoters and current shareholders, in addition to a new issuance of equity shares valued at Rs 302 crore.</p>
<p>Promoters Ramesh Babulal Parekh, Kailash Parekh, and Gulab Parekh, as well as additional shareholders Fleet Line Shipping Services LLC, Denver Bldg Mat & Dcor TR LLC, and Green Desert Real Estate Brokers, were among those issuing shares in the OFS.</p>
<p>The money raised from the fresh issue component will be used for debt repayment, as well as for the acquisition of equipment and construction projects necessary to increase the Silvassa plant’s ability to produce car oil.</p>
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