Gandhar Oil is a manufacturer of white oils that caters to the consumer and healthcare end-industries, which offers an extensive range of over 350 products.Shares of Gandhar Oil Refinery (India) Ltd made a robust debut at Dalal Street on Thursday as the lubricant maker was listed at Rs 298, a premium of 76 per cent, over its issue price Rs 169 on the National Stock Exchange (NSE). The white oil maker was listed at a premium of 75 per cent at Rs 295.40 against the same issue price on BSE. Last heard, shares of Gandhar Oil Refinery were commanding a premium of Rs 73 per share in the grey market, suggesting a listing pop of 43-45 per cent for the investors. The premium in the unofficial market has remained firm since the closure of issue, holding more than Rs 70 per share. Gandhar Oil Refinery (India) sold its primary offering in the fixed price range of Rs 160-169 apiece with a lot size of 88 equity shares. The issue was open for bidding between November 22 and November 24 to raise about Rs 501 crore, which included a fresh share sale of Rs 302 crore and an offer-for-sale (OFS) of up to 1,78,69,822 equity shares. The issue was overall subscribed a strong 64.07 times during the bidding process. The portion for qualified institutional bidders was subscribed a whopping 129 times, while the portion reserved for non-institutional investors saw 62.33 times bidding. The allocation reserved for retail investors booked 28.95 times during the three-day bidding process. Gandhar Oil is a manufacturer of white oils that caters to the consumer and healthcare end-industries. The company offers an extensive range of over 350 products that primarily fall under three categories - personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) - under the brand name 'Divyol'. ICICI Securities and Nuvama Wealth Management are the book running lead managers of the Gandhar Oil Refinery IPO, while Link Intime India is the registrar for the issue.
FII sentiment shows early signs of turnaround after months of selling: Report
Apple job cuts 2026: iPhone maker slashes 200 jobs in Siri, Vision Pro immersive video, gaming teams
'Last-minute changes unfair, uneconomic': US-Canada trade talks collapse as Trump readies 50% tariffs on Canadian products
₹24,800 crore bill: How transaction costs are eating into retail derivatives trading
The $1.8 trillion space economy: Who will capture value as the final frontier goes commercial?
Meta’s $200 Billion Trial: Did Instagram & Facebook Keep Kids Hooked?
Motor Insurance Explained: Is Third-Party Car Insurance Enough? Know Before You Buy
Retirement Tax Planning: 5 Ways Senior Citizens Can Reduce Their Tax Liability
#IndiaAt100 : Adipen Bose Nandhiji On Conscious Capitalism- Can Profit & Purpose Coexist?
#IndiaAt100 : Hisashi Takeuchi On Driving India’s Manufacturing Revolution
Gaja Alternative Assets IPO: 3 ways to check application status; allotment odds, GMP, listing dateFII sentiment shows early signs of turnaround after months of selling: Report₹24,800 crore bill: How transaction costs are eating into retail derivatives trading
Cupid, NTPC Green, NTPC, Raymond Realty, HAL shares: Key technical levels to watch
Defence stock with Rs 2,654-crore order book hits record high; here's why 
UPI should remain free: Expert on why MDR could push merchants and consumers back to cash
'Before 2019, my son had to change school every year': Maharashtra FDA boss Tukaram Mundhe of 25 transfers in 21 yearsMeta’s $200 Billion Trial: Did Instagram & Facebook Keep Kids Hooked?Gaja Alternative Assets IPO: 3 ways to check application status; allotment odds, GMP, listing date
Will India’s new labour rules finally give manufacturers room to grow and hire?
