Gandhar Oil IPO allotment – How to check allotment, GMP, listing date and more

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Gandhar Oil IPO allotment – How to check allotment, GMP, listing date and more
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  • Gandhar Oil is expected to announce its share allotment status on Wednesday, November 29.
  • The shares of Gandhar Oil were subscribed 64.07 times.
  • The shares are expected to be listed on the stock exchanges on November 30.
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Mumbai-based Gandhar Oil Refinery, manufacturer of white oils for the consumer and healthcare industries is expected to announce the allotment status of its initial public offering (IPO) on Wednesday, November 29.

The Gandhar Oil IPO opened on November 22 and closed on November 24. The price band for the IPO was ₹160 to ₹169 per share.

Robust subscription



On the last day, the Gandhar Oil IPO was subscribed 64.07 times, receiving bids for 136 crore equity shares against 2.07 crore shares on offer.

While the qualified institutional buyer portion was subscribed 129 times, the non-institutional investors portion was subscribed 62.23 times. The retail portion also witnessed good participation and was subscribed 28.95 times.

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Grey market premium



The shares of Gandhar Oil are currently commanding a grey market premium (GMP) of ₹75 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status



You can check the allotment status on the registrar’s website.

  • To check the Gandhar Oil IPO allotment status, visit the registrar’s website here.
  • Click on ‘Select Company’ and then select ‘Gandhar Oil’.
  • Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
  • Now, enter the captcha.
  • Click on submit.
You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

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You can also check the Gandhar Oil IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

  • Go to the BSE website.
  • On the website, click on 'Equity' and then select ‘Gandhar Oil’ from the dropdown menu.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Gandhar Oil IPO listing date



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The shares of Gandhar Oil will be listed on the stock exchanges on November 30.

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