Unlisted shares of Gandhar Oil Refinery (India) Ltd are trading Rs 73 higher in the grey market, which is a 43.2 per cent listing gain from the public issue; Gandhar Oil Refinery IPO Day 2: Check GMP Today, Subscription Status
The IPOs of Gandhar Oil Refinery and Flair Writing Industries have been oversubscribed on the back of favourable analyst commentary. However, Fedbank Financial Services IPO has been subscribed 57% so far on the second day of the bidding process.
Ahead of the issue launch, Gandhar Oil Refinery shares were trading at a premium of Rs 61 in the unlisted market, according to market analysts. The price band of this public issue is fixed at Rs 160-169.
Gandhar Oil Refinery IPO Opens Today: Should You Buy? Check Price, GMP, Lot Size; Unlisted shares of Gandhar Oil Refinery (India) Ltd are trading Rs 76 higher in the grey market, which is 44.97 per cent higher than its issue price