Gandhar Oil Refinery IPO GMP : Gandhar Oil Refinery India IPO GMP Details

Gandhar Oil Refinery (India) Limited is all set to make its debut in the primary stock market with its mainboard IPO. The IPO, which is scheduled to be launched at both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) exchanges, has generated significant interest in the investment community. In this blog post, we will delve into the Grey Market Premium (GMP) associated with Gandhar Oil Refinery’s IPO, providing you with insights into what the GMP signifies and why it is essential for potential investors.

Also See: All IPO GMP Today

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Gandhar Oil Refinery IPO Overview

Gandhar Oil Refinery’s IPO comprises a total size of Rs 500.00 Crores, which is a combination of two components: the Fresh Issue size, valued at Rs 357.00 Crores, and the Offer for Sale (OFS) size, valued at Rs 143.00 Crores. The IPO subscription period is set to take place from November 21, 2023, to November 23, 2023. Each share has a face value of Rs 2, and the issue price range and lot size have yet to be finalized.

Also Read: Upcoming IPO in India

Gandhar Oil Refinery IPO GMP

Before we dive into understanding the Grey Market Premium for Gandhar Oil Refinery’s IPO, let’s take a look at the recent GMP trends: [ Last Updated: 30-Nov-2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
30-11-2023169.00₹734900/68600₹242 (43.20%)
29-11-2023169.00₹734900/68600₹242 (43.20%)
28-11-2023169.00₹654300/60200₹234 (38.46%)
27-11-2023169.00₹684500/63000₹237 (40.24%)
26-11-2023169.00₹755000/70000₹244 (44.38%)
25-11-2023169.00₹755000/70000₹244 (44.38%)
24-11-2023169.00₹755000/70000₹244 (44.38%)
23-11-2023169.00₹765100/71400₹245 (44.97%)
22-11-2023169.00₹734900/68600₹242 (43.20%)
21-11-2023169.00₹765100/71400₹245 (44.97%)
20-11-2023169.00₹614100/57400₹230 (36.09%)
19-11-2023169.00₹553700/51800₹224 (32.54%)
18-11-2023169.00₹553700/51800₹224 (32.54%)
17-11-2023169.00₹473100/43400₹216 (27.81%)
16-11-2023NA₹50₹50 (%)
15-11-2023NA₹50₹50 (%)
14-11-2023NA₹48₹48 (%)
13-11-2023NA₹42₹42 (%)
12-11-2023NA₹40₹40 (%)
11-11-2023NA₹40₹40 (%)
10-11-2023NA₹40₹40 (%)
09-11-2023NA₹40₹40 (%)
08-11-2023NA₹20₹20 (%)

What is IPO Grey Market Premium (GMP)?

The Grey Market Premium (GMP) represents the price at which an IPO is traded in an unofficial and unregulated grey market before its official listing on the stock exchange. It is an indicator of market sentiment and reflects how investors perceive the potential of the IPO on the day of its listing.

A positive GMP suggests that there is demand for the IPO shares at a premium over the issue price, indicating that investors anticipate potential profits. Conversely, a negative GMP implies that the IPO is expected to list at a discount, which could be a result of lower investor interest or concerns about the company’s prospects.

However, it’s crucial to note that the IPO GMP is highly volatile and speculative. It is not an official valuation and can change rapidly based on market dynamics and investor sentiment. Therefore, making investment decisions solely based on GMP can be risky, and investors should consider all relevant factors before investing.

About Gandhar Oil Refinery

Gandhar Oil Refinery (India) Limited, established on October 7, 1992, is a prominent producer of white oils, with a growing focus on the consumer and healthcare sectors. The company offers a wide range of over 350 products, including personal care, healthcare, lubricants, and process and insulating oils under the “Divyol” brand. These products are used as ingredients by leading Indian and global companies in various industries, including consumer goods, healthcare, automotive, industrial, energy, and more.

Gandhar Oil Refinery operates in over 100 countries worldwide and serves a diverse customer base, including renowned companies like Procter & Gamble, Unilever, Marico, Dabur, Patanjali Ayurved, and more. The company prides itself on meeting stringent quality standards and specifications set by its customers, fostering long-term relationships in the process.

Gandhar Oil Refinery IPO Strengths

  1. Leading market share in the Indian white oils market with a significant international presence, especially in the consumer and healthcare sectors.
  2. A robust customer base and a supplier network consisting of top oil companies with competitive pricing terms.
  3. Strategically located manufacturing facilities and in-house research and development capabilities.
  4. A resilient, flexible, and scalable business model supported by a prudent risk management framework.
  5. A track record of consistent financial performance.
  6. An experienced and qualified management team.

Gandhar Oil Refinery IPO Dates

Here are the key dates related to Gandhar Oil Refinery’s IPO:

  • IPO Open Date: November 21, 2023
  • IPO Close Date: November 23, 2023
  • Basis of Allotment Finalization Date: November 29, 2023
  • Refunds Initiation: November 30, 2023
  • Credit of Shares to Demat Account: December 01, 2023
  • IPO Listing Date: December 04, 2023

Conclusion

Gandhar Oil Refinery’s IPO has generated substantial interest, as indicated by the Grey Market Premium (GMP) trends. However, it’s crucial for potential investors to remember that GMP is a speculative indicator and not an official valuation. Investing in an IPO should involve a comprehensive analysis of the company’s fundamentals, industry outlook, and one’s own financial goals and risk tolerance.

Before making an investment decision, it’s advisable to consult with financial experts, thoroughly research the company, and assess the IPO’s long-term potential. The IPO market can be volatile, so it’s essential to make informed choices to ensure your investment aligns with your financial objectives.

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