Gandhar Oil Refinery IPO Day 2 Ends With 15.25 Times Subscription: Check Latest GMP - News18
[ad_1]
Gandhar Oil Refinery IPO Update: The initial public offering of Gandhar Oil Refinery (India) Ltd continues to receive an overwhelming response from investors. The Rs 500-crore IPO, which was subscribed 5.52 times on the first day of bidding on Wednesday, has been subscribed a whopping 15.25 times on the second day of bidding on Thursday, as per the NSE data available till 05:00 pm. So far, the IPO has received bids for 32,39,33,896 shares as against 2,12,43,940 shares on offer, according to the latest NSE data. The portion for non-institutional investors got subscribed 26.23 times while the category for Retail Individual Investors (RIIs) attracted 17.24 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 3.14 times subscription. The IPO was oversubscribed within hours of its opening on Wednesday, November 22. The offer will remain available till November 24. The IPO allotment is likely to take place on November 30, while its stock market listi