Details of the IPO for Gandhar Oil Refinery India Limited

17 Nov 2023 , 02:06 AM

The Rs 500.69 crore Gandhar Oil Refinery India IPO is a book-built offering. The issue consists of an offer to sell 1.18 crore shares, valued at Rs 198.69 crores, and a new issue of 1.79 crore shares, valued at Rs 302.00 crores.

The subscription period for the Gandhar Oil Refinery India IPO begins on November 22, 2023, and ends on November 24, 2023. On Thursday, November 30, 2023, the allocation for the Gandhar Oil Refinery India IPO is anticipated to be completed. The tentative listing date for the Gandhar Oil Refinery India IPO is Tuesday, December 5, 2023, and it will take place on the BSE and NSE.

The pricing range for the Gandhar Oil Refinery India IPO is Rs 160 to Rs 169 per share. An application must have a minimum lot size of 88 shares. Retail investors are required to invest a minimum of Rs 14,872. For both sNII and bNII, the minimum lot size investment is Rs 208,208 for 14 lots (1,232 shares) and Rs 1,011,296 for 68 lots (5,984 shares), respectively.

The registrar for the Gandhar Oil Refinery India IPO is Link Intime India Private Ltd, while the book running lead managers are ICICI Securities Limited and Nuvama Wealth Management Limited.

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