News

Published: November 30, 2023
Updated: November 30, 2023

Gandhar Oil IPO Hits Dalal Street Today! Anticipated 40% Premium Sparks Investor Excitement

Investors eagerly await the listing of Gandhar Oil Refinery Ltd IPO on November 30, 2023, amid strong market signals and a promising Grey Market Premium (GMP).

IPO Listing Date Set:

The much-anticipated listing date for Gandhar Oil IPO has been officially set for today 30th Nov,2023 , marking a significant event for investors. As per the information available on the BSE website, the shares will commence trading during Thursday deals on both BSE and NSE.

Optimistic Market Sentiment:

Experts project a positive market mood, providing an additional boost to the public issue. Gandhar Oil IPO, known for its white oil products, received a robust response from investors during the subscription period. Analysts express optimism about the IPO listing, expecting it to reflect a strong premium.

Premium Projections and Listing Gain Anticipation:

Market observers predict an impressive premium of ₹58 to ₹68, signaling a potential listing gain of up to 40%. This positive projection is attributed to the substantial demand and the overall favorable market conditions. Experts believe that Gandhar Oil's IPO may offer investors a listing price in the range of ₹227 to ₹237 per share.

Insights from Analysts:

Gandhar Oil's holds a strong position as a leading manufacturer of white oils. The company's scalable business model, niche product portfolio of 440 products, and dominant market share contribute to its appeal among investors.

May not have a listing like the Tata Technologies' IPO

Experts acknowledges the strength of Gandhar Oil IPO but emphasise that it may not reach the levels of recent listings. However, they anticipate a healthy listing gain of ₹58 to ₹68 per share. Experts , expressing confidence in Gandhar Oil's listing, recommends subscribing for potential gains, expecting a healthy increase of 30-40% against the issue price of ₹169 per share.

Grey Market Buzz:

In the grey market, shares of Gandhar Oil Refinery Ltd are reportedly available at a premium of ₹68, reinforcing the positive sentiment. This signals that the anticipated listing price could hover around ₹227 per share.

Excitement Builds for Strong Listing Performance:

With the stage set for Gandhar Oil IPO's market debut, investors are poised for potential gains and a robust listing performance. The positive market sentiment, premium projections, and insights from analysts all point toward an eventful day on Dalal Street, with anticipation of a substantial premium and exciting opportunities for those holding Gandhar Oil shares.