Question 1

What is the Gandhar Oil Refinery (India) Limited IPO?

Accepted Answer

The Gandhar Oil Refinery (India) Limited IPO is a mainboard Initial Public Offering where Gandhar Oil Refinery (India) Limited is offering its shares to the public for the first time. The issue size is ₹3 crores with a price band of ₹160-169. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Gandhar Oil Refinery (India) Limited IPO open?

Accepted Answer

The Gandhar Oil Refinery (India) Limited IPO was open from 22 November 2023 to 24 November 2023. The subscription period has now ended.

Question 3

What is the lot size of Gandhar Oil Refinery (India) Limited IPO?

Accepted Answer

The lot size for Gandhar Oil Refinery (India) Limited IPO is 88 shares, which means the minimum investment required is approximately ₹14,872 (88 shares × ₹160-169). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Gandhar Oil Refinery (India) Limited IPO?

Accepted Answer

You can apply for the Gandhar Oil Refinery (India) Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Gandhar Oil Refinery (India) Limited IPO allotment?

Accepted Answer

The Gandhar Oil Refinery (India) Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Gandhar Oil Refinery (India) Limited IPO listing date?

Accepted Answer

The Gandhar Oil Refinery (India) Limited IPO was listed on 30 November 2023. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Gandhar Oil Refinery (India) Limited IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for Gandhar Oil Refinery (India) Limited IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held Gandhar Oil Refinery (India) Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹169 and held them until now, your current gain is -5.6% (₹-10 per share). For one lot of 88 shares, your loss would be ₹880. On listing day, the stock opened at ₹298 (76.3% gain). The stock has corrected from listing day highs. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	88	₹14,872
Retail(max) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	13	1,144	₹1.93L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	14	1,232	₹2.08L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	67	5,896	₹9.96L
BHNI(min) Big HNI - Investment above ₹10 lakhs	68	5,984	₹10.11L

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