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Gandhar Oil Refinery India Limited IPO Subscriptions Status Live Today

 

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Gandhar Oil Refinery India Limited IPO

November 22, 2023 - November 24, 2023 Closed
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Gandhar Oil Refinery India Limited IPO Details

Issue Open

22 November 2023

Issue Close

24 November 2023

IPO Price

₹160 - ₹169 per equity share

Face Value

₹2 per equity share

IPO Size

₹500.69 Cr.

Listing At

NSE, BSE

IPO Lot Size

88 shares


IPO Investor Categories


• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.


• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.


NII category has two subcategories:


1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.
 

Frequently Asked Question

Gandhar Oil Refinery India Limited IPO is going to open on 22 November 2023.
The meaning of " Gandhar Oil Refinery India Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Gandhar Oil Refinery India Limited IPO on the current day.
Gandhar Oil Refinery India Limited IPO will be closed on 24 November 2023.
You can participate through brokerage firms that are part of the underwriting syndicate. Some IPO shares may also be available to retail investors through online brokerage accounts.
Pre-issue shareholdings of Gandhar Oil Refinery India Limited IPO promoters are 87.50%
Price of 1 share of Gandhar Oil Refinery India Limited IPO is ₹160 to ₹169.
If you do not get the allotment of Gandhar Oil Refinery India Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
A prospectus is a legal document that provides details about the company, its financials, risks, and the purpose of the IPO. Investors should read the prospectus carefully before making investment decisions.
Post-issue shareholdings of Gandhar Oil Refinery India Limited IPO promoters are 64.63%.
You can apply through the brokerage firms that the company designates and its underwriters to handle the IPO process.
Link Intime India Private Limited the registrar of Gandhar Oil Refinery India Limited IPO.
You will receive the allotted shares in your Demat account on November 30, 2023.
You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Gandhar Oil Refinery India Limited IPO by using any one of these methods at your convenience.
Face value of equity shares of Gandhar Oil Refinery India Limited IPO is ₹2.
Gandhar Oil Refinery India Limited IPO shares will get listed at NSE, BSE.
Market lot size of the Gandhar Oil Refinery India Limited IPO is 88 shares.
Gandhar Oil Refinery India Limited IPO will get listed on December 05, 2023.
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