Gandhar Oil Refinery (India) IPO Subscription Status
Gandhar Oil Refinery (India) IPO was subscribed 65.63 times when bidding closed on 24 Nov 2023: QIB 129.06x, NII 64.34x, Retail 29.93x.
The Gandhar Oil Refinery (India) IPO has been subscribed 65.63x times overall. Retail investors have shown interest with bids for 29.93x the shares available. The Non-Institutional Investor (NII) category has been subscribed 64.34x. Within NII, Big HNI (B-HNI) subscribed 61.93x and Small HNI (S-HNI) subscribed 69.17x. Qualified Institutional Buyers (QIBs) have subscribed 129.06x. Data last updated on 10 Nov, 06:18 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 22 Nov, 2023 and closes on 24 Nov, 2023. The shares are expected to list on stock exchanges on 30 Nov, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 129.06x |
| NII | - of - - | 64.34x |
bHNI — bid amount above ₹10 Lakh |
- - | 61.93 |
sHNI — bid amount ₹2–10 Lakh |
- - | 69.17 |
| Retail | - of - - | 29.93x |
| TOTAL | - - | 65.63x |
Gandhar Oil Refinery (India) IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 30 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 129.06x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
24 Nov 2023
Day 3 |
65.63x | ▼ | |
|
QIB129.06x
BHNI61.93x
SHNI69.17x
Retail29.93x
|
|||
|
23 Nov 2023
Day 2 |
15.27x | ▼ | |
|
QIB3.14x
BHNI21.77x
SHNI35.18x
Retail17.27x
|
|||
|
22 Nov 2023
Day 1 |
5.53x | ▼ | |
|
QIB1.35x
BHNI5.84x
SHNI11.43x
Retail6.91x
|
|||
Gandhar Oil Refinery (India) IPO dates
From the bidding window to listing. Today is 11 November.
- Open 22 Nov 2023
- Close 24 Nov 2023
- Allotment 28 Nov 2023
- Refund/credit 29 Nov 2023
- Listing 30 Nov 2023
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Gandhar Oil Refinery (India) IPO?
As of IPO close date (24 Nov, 2023), the Gandhar Oil Refinery (India) IPO is subscribed 65.63x times. Retail category is 29.93x, and NII is 64.34x subscribed.
When is the allotment date for Gandhar Oil Refinery (India) IPO?
The allotment for Gandhar Oil Refinery (India) IPO is expected to be finalized on 28 November, 2023.
What is the GMP of Gandhar Oil Refinery (India)?
The Grey Market Premium (GMP) for Gandhar Oil Refinery (India) is currently ₹68, indicating a potential listing gain of 40%.
When will Gandhar Oil Refinery (India) IPO list on the stock market?
Gandhar Oil Refinery (India) is scheduled to list on BSE and NSE on 30 November, 2023.
What are the chances of getting allotment in Gandhar Oil Refinery (India) IPO?
The retail category is oversubscribed at 29.93x, meaning allotment is by lottery. Statistically, approximately 1 in 30 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 129.06x mean for Gandhar Oil Refinery (India) IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 129.06x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Gandhar Oil Refinery (India) IPO allotment status?
After the allotment date (28 Nov, 2023), you can check your Gandhar Oil Refinery (India) IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Gandhar Oil Refinery (India) IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
