Gandhar Oil Refinery
Gandhar Oil Refinery shares are commanding a premium of Rs 61 in the unlisted market, according to market analysts. The price band of this public issue is fixed at Rs 160-169.
If the trends are sustained, the stock is expected to list at a healthy premium of 36%.
The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore. Under the OFS, promoter selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders Green Desert Real Estate, Fleet Line Shipping will offload shares.
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Gandhar Oil is a leading manufacturer of white oil with a growing focus on the consumer and healthcare end industries. Its product suite comprised over 350 items primarily across the personal care, healthcare and performance oils, lubricants and process and insulating oils divisions under the Divyol brand.
Flair Writing
In the grey market, Flair Writing is fetching a premium of Rs 60 ahead of the issue opening. This compares with the upper price band of Rs 304.
The IPO comprises fresh issue of Rs 292 crore and an OFS of Rs 301 crore. Under the OFS segment, Khubilal Jugraj Rathod will offload shares worth Rs 76 crore, Vimalchand Jugraj Rathod will sell up to Rs 57 crore. Other selling shareholders include Nirmala Khubilal Rathod, Manjula Vimalchand Rathod.
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Flair Writing is among the top three players in the overall writing instruments industry and occupies a market share of approximately 9% in the industry in India, as of March 2023. Its flagship brand “Flair” has enjoyed a market presence of over 45 years.
Fedbank Financial
Ahead of the issue launch on Wednesday, Fedbank Financial is trading with a marginal premium of Rs 5 in the unlisted market.
Fedbank Financial is one of five private bank promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector.
The IPO comprises fresh equity issue worth Rs 600 crore along with an OFS of 3.51 crore equity shares. Under the OFS, parent Federal Bank will offload 54.7 lakh shares and True North Fund VI LLP will sell 2.96 crore shares.
The price band of this public issue is fixed at Rs 133-140, and at the upper end, the company plans to raise Rs 1,092 crore.
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
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