The Gandhar Oil IPO opening date is 22 November, 2023 and close date is 24 Novemeber. 2023. The IPO price band is fixed at Rs160 to Rs169 Per Share. The company aims to to raise around Rs501 crores via this IPO.
Let us look at some of Frequently Asked Questions regarding this particular IPO.
Gandhar Oil IPO FAQs:
Gandhar Oil IPO Issue Size and Subscription Status
How many shares of Gandhar Oil IPO are reserved for retail investors?
10,369,356 shares are being offered to retail investors.
Provide breakup of offer for QIB, NII and RII
| Category | Shares Offered | Share Bid For | Total Amount (Cr) |
| Qualified Institutional Buyers (QIB) | 5,925,346 | 76,47,13,136 | 12,923.65 |
| Non-Institutional Buyers | 4,444,010 | 28,59,33,824 | 4,832.28 |
| bNII (bids above ₹10L) | 2,962,673 | 18,34,63,808 | 3,100.54 |
| sNII (bids below ₹10L) | 1,481,337 | 10,24,70,016 | 1,731.74 |
| Retail Investors | 10,369,356 | 31,03,64,824 | 5,245.17 |
| Total | 20,738,712 | 1,36,10,11,784 | 23,001.10 |
How much Gandhar Oil IPO Subscribe?
To check the Live Subscription status, please visit Gandhar Oil PO Subscription Status
How to Subscribe to Gandhar Oil IPO?
One can apply to this IPO through demat account. IF you dont have demat account contact your stock broker.
How do I apply for Gandhar Oil IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Gandhar Oil”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Gandhar Oil IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Gandhar Oil”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Gandhar Oil IPO Allotment and Listing
Where do I Check Gandhar Oil IPO Allotment Status?
IPO allotment status can be checked here
When is Gandhar Oil IPO getting listed?
Gandhar Oil shares are getting listed on December 05, 2023
What documents I need to checK Gandhar Oil IPO Allotment?
To check the Gandhar Oil IPO allotment status - you will need any one for the following documents/numbers
- PAN Number
- IPO Application Numbers
- Demat Account/DP ID number
Can I Confirm the Gandhar Oil IPO Allotment through offline?
Yes, You can check if you have got the Flair Writing IPO allotment by calling the broker customer care.
It can also be confirmed through the bank account statement. When you applied for the IPO, the required amount would have been blocked. Now if you got the allotment, the amount would be deducted from the blocked amount. If there is no allotment, the amount would be released from the blocked amont to your bank account.
Gandhar Oil IPO GMP and Listing Gain
What is the estimated listing price of Gandhar Oil IPO?
The estimated listing price of Gandhar Oil IPO is Rs234 based on current GMP of Rs65 and IPO price of Rs169. Hence the estimated gain is approx 38.46%.
FAQs About Gandhar Oil IPO Dates and Price:
What is Gandhar Oil IPO Time Table?
Gandhar Oil IPO timetable / schedule is as below:
- Bid/Offer Opens On: November 22, 2023
- Bid/Offer Closes On: November 24, 2023
- Finalization of Basis of Allotment: November 28, 2023
- Initiation of refunds: November 29, 2023
- Credit of Equity Shares: November 29, 2023
- Listing Date: December 05, 2023
How Can I download Gandhar Oil IPO Prospectus?
Use below links to download the Prospectus.
What is the Price Band of Fedbank Financial Services IPO?
The price band of Gandhar Oil IPO is Rs160 to Rs169
What is the closing time of Gandhar Oil IPO?
The Gandhar Oil IPO will close at 5PM of 24 November, 2023.