Gandhar Oil refinery IPO, Should you buy sell or hold after listing

 What you should in Gandhar Oil IPO after Listing:

Gandhar Oil IPO was an IPO in the Indian market which was not discussed much because the IPO of Tata Technologies attracted all the money and on the other hand, the IPO of IREDA attracted the money that was left with the investors. . In such a situation, Gandhar Oil IPO still got a mixed response. Let us tell you that Gandhar Oil IPO had received a very good response from QIBs and the CABS portion was subscribed over 64 times. Gandhar Oil IPO is getting premium in unlisted stock market also. Gandhar Oil IPO is getting premium of more than 75rs in gray market. In such a situation, if the grey market premium is considered correct, then 45% upside will be available on the listing of Gandhar Oil IPO.

                                                             Image source-google-images

 Let us now understand how much the subscription of Gandhar Oil IPO was. If seen, the retail portion was subscribed 28.95 times & NII portion was subscribed 62.23 times & Surparisingalaya QIB segment got subscribed 129 times. If subscription data is to be believed then Gandhar Oil IPO should get similar response even upon listing.

Find raising motive of Gandhar Oil IPO & Gandhar Oil refinery financial performance:

Gandhar Oil IPO  was a combination of fresh issue of 1.79 crore shares which was aggregating to Rs 302.00 crores & offer for sale, OFS  of 1.18 crore shares aggregating to Rs 198.69 crores. Gandhar Oil Refinery India IPO price band was  set at 160 to 169 per share & minimum lot size for an application was 88 Shares.

 

Financial Performance of Gandhar Oil refinery:

Financial Record	30 June 2023	31 March 2023	31 March 2022	31 March 2021
Total Assets	1,795.57	1,613.44	1,318.21	1,097.70
Total Revenues Generated	1,071.52	4,101.79	3,397.98	2,069.58
Company Profit After Tax	54.28	213.18	184.30	161.14
Total Net Worth	810.79	760.21	560.71	375.76
Total Reserves and Surplus	763.99	719.19	529.07	355.68
Total Borrowing	335.62	169.53	158.16	176.78

 

Gandhar Oil refinery IPO hold or sell after listing:

If we will see the above financial performance of the company then company si showing Average performance and Total Borrowing had also increased in the last 3 financial years. Company products are more required into FMCG, Pharma sectors where margins are not too high. Also, Company has more depends on Crude oil prices which is not always stable.

As per our personal view, If any investor has very long term view then we can expect average returns in Gandhar oil stock because of crude price fluctuations and not much space in margins front.

Short term Investors should try to book profit in Gandhar Oil stock after IPO listing and try to accumulate this stock at lower prices. We can expect good listing of Gandhar Oil IPO but try to utilise it for profit booking on every rise and in case we see much profit book then try to give small place to Gandhar Oil stock into your portfolio otherwise you may pay more attention on Tata technologies stock even after IPO listing  in case of small profit booking.

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