Gandhar Oil Refinery (India) Limited IPO Message Board (Page 19)

Long awaited IPO, hope the pricing to be good

I am sure that the Pricing will be good
Which will give good listing gains

Thank you newgen

Calculating It's Approx. Price Band
1.IDFC First Bank Has Taken It's shares at a Rate of 82.16 and They should have targeted 2x return and Adding Issue expenses of around 3.5% of issue proceeds borne by the
OFS SH .

2.Also In Un-listed Market it's Trading around 260 . In Un-listed market the Price is approx.
30-40% higher than Fair price3.Its Exact Peers are Savita Oil Technologies
And Panama Petro which are trading at a PE of 13 and 9.7 respectively
So IPO should Ideally come at a PE of around 11 times if PAT is considered at 190 cr

Considering this Price Band should be around
172-174

Hence M.Cap comes at around 1800 cr
Hope the Pricing is as per our Logical Analysis

Sir, does it has potential to become multibagger like Savita or Panama? Thank you.

​@Dear Admin! 27th November is exchange holiday. I think the OFS closure date should be 28th. Kindly check and confirm.

Yup , You're right
27th November Guru Nanak Jayanti
Stock Market Holiday according to Calender published by BSE

Maybe it would go to 28

Just Talked with An Official
He is saying Issue Is 100% confirm only Dates are yet to be Finalized