Gandhar Oil Refinery IPO Day 1: Offer Subscribed 5.52 Times; Check GMP, Price, Lot Size - News18
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Gandhar Oil Refinery IPO: The initial public offering of Gandhar Oil Refinery (India) Ltd, which opened for public subscription on Wednesday, received an overwhelming response on the first day of bidding. Till the end of bidding on Wednesday, the Rs 500-crore IPO got 5.52 times subscription, receiving bids for 11,72,85,168 shares as against 2,12,43,940 shares on offer. The portion for non-institutional investors got subscribed 7.70 times while the category for Retail Individual Investors (RIIs) attracted 6.89 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 1.35 times subscription. The IPO was oversubscribed within hours of IPO opening on Wednesday, November 22. The offer will remain available till November 24. Also Read: IREDA IPO Day 2: Check GMP Today, Subscription Status The category for non-institutional investors was subscribed 1.53 times, while the portion for retail individual investors (RIIs) received 1.77 times subscription. The quo