Gandhar Oil share price debuted at ₹298 apiece, showcasing a remarkable premium of 76.33% over its issue price of ₹169. The ₹500.69 crore IPO was open for subscription between November 22 and November 24, at a price band in the range of ₹160–169 per share.
Gandhar Oil Refinery IPO continued to receive a robust response from investors. The issue was subscribed to 52.56 times at 3:30 pm on the third day of bidding, November 24, 2023. It has received bids for 109 crore shares against 2.07 crore shares on offer.
Gandhar Oil is looking to raise 302 crore via fresh share sale, while its promoters and other selling shareholders will offload up to 1,17,56,910 shares via offer-for-sale.
The IPOs next week include Tata Technologies, the first Tata Group firm to go public almost 20 years, and Indian Renewable Energy Development Agency, the first government offering since LIC in May 2022