Gandhar Oil Refinery India IPO is a Rs 500.69 crore book-built issue. The offering consists of a fresh issue of 1.79 crore shares worth Rs 302.00 crores and an offer for sale of 1.18 crore shares worth Rs 198.69 crores.
Gandhar Oil Refinery India’s initial public offering (IPO) begins on November 22, 2023 and closes on November 24, 2023. The Gandhar Oil Refinery India IPO allotment is expected to be completed on Thursday, November 30, 2023. Gandhar Oil Refinery India IPO will be listed on the BSE and NSE on Tuesday, December 5, 2023.
The price range for Gandhar Oil Refinery India’s initial public offering (IPO) is set at 160 to 169 rupees per share. An application requires a minimum lot size of 88 Shares. Retail investors must make a minimum investment of $14,872. The minimum lot size investment in sNII is 14 lots (1,232 shares), amounting to 208,208, and the minimum lot size investment in bNII is 68 lots (5,984 shares), amounting to 1,011,296.
Gandhar Oil Refinery India IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price Band | Rs 160 to Rs 169 per share |
| Lot Size | 88 Shares |
| Total Issue Size | 29,626,732 shares (aggregating up to Rs 500.69 Cr) |
| Fresh Issue | 17,869,822 shares (aggregating up to Rs 302.00 Cr) |
| Offer for Sale | 11,756,910 shares of Rs 2 (aggregating up to Rs 198.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 80,000,000 |
| Share holding post issue | 97,869,822 |
Gandhar Oil Refinery India IPO Timeline
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Gandhar Oil Refinery India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | Rs 14,872 |
| Retail (Max) | 13 | 1144 | Rs 193,336 |
| S-HNI (Min) | 14 | 1,232 | Rs 208,208 |
| S-HNI (Max) | 67 | 5,896 | Rs 996,424 |
| B-HNI (Min) | 68 | 5,984 | Rs 1,011,296 |
