Gandhar Oil Refinery IPO subscription is to open on Nov 22, 2023 and will close on Nov 24, 2023, the price band of the Gandhar Oil Refinery IPO is fixed at ₹ ₹ 160 – ₹ 169.
Table of Contents
About Gandhar Oil Refinery
Gandhar Oil Refinery is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. The product suite comprised over 440 products primarily across the personal care, healthcare and performance oils (“PHPO”), lubricants and process and insulating oils (“PIO”) divisions under the “Divyol” brand. The products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power and tyre and rubber sectors. The white oil market is the fastest growing segment in the specialty oils sector and the Company is India’s largest manufacturer of white oils by revenue in Financial Year 2023, including domestic and overseas sales and is one of the top five players globally in terms of market share in the calendar year 2022
Objects of the Issue
- Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda;
- Capital expenditure through purchase of equipment and civil work required for expansion in capacity of automotive oil at the Silvassa Plant;
- Funding working capital requirements of the Company; and
- General corporate purposes.
Gandhar Oil Refinery Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 16,134.35 | 13,182.09 | 11,009.32 |
| Total income | 41,017.91 | 35,689.63 | 22,425.90 |
| Total Expenses | 38,308.39 | 33,442.40 | 21,294.24 |
| Profit After Tax | 2,011.56 | 1,602.20 | 986.84 |
Gandhar Oil Refinery IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Offer Comprising of Fresh Issue up to Rs. 3,020 million and offer for sale Up to 11,756,910 Equity Shares (Including Anchor allocation of 88,88,018 Equity shares) |
| Issue Open Date | 22-Nov-23 |
| Issue Close Date | 24-Nov-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 160 – ₹ 169 |
| Face Value | ₹ 2 |
| Market Lot | 88 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 88 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | GANDHAR |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Gandhar Oil Refinery IPO DRHP & RHP
Gandhar Oil Refinery IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 88 | 14,872 |
| Maximum | 13 | 1144 | 193,336 |
Gandhar Oil Refinery IPO Lead Managers
- Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)
- ICICI Securities Limited
Gandhar Oil Refinery IPO Registrar
Gandhar Oil Refinery IPO Allotment Date, Listing Date and other Important Dates
| Details | IPO Date |
|---|---|
| Bid / Offer Opens on | 22-Nov-23 |
| Bid / Offer Closes on | 24-Nov-23 |
| Finalisation of Basis of Allotment | 30-Nov-23 |
| Initiation of refunds | 01-Dec-23 |
| Credit of the Equity Shares | 04-Dec-23 |
| Listing Date | 05-Dec-23 |
Company Registered and Corporate Office
18th floor, DLH Park,
S.V. Road, Goregaon (W),
Mumbai 400 062,
Maharashtra, India
Website: www.gandharoil.com
Company Promoters
- Mr. Ramesh Babulal Parekh
- Mr. Samir Ramesh Parekh and
- Mr. Aslesh Ramesh Parekh
Gandhar Oil Refinery IPO – FAQS
What is the Gandhar Oil Refinery IPO Price?
The Gandhar Oil Refinery IPO price band is ₹ 160 – ₹ 169 per share
When Gandhar Oil Refinery IPO will open?
The Gandhar Oil Refinery IPO opens on Nov 22, 2023 and closes on Nov 24, 2023
What is the lot size of Gandhar Oil Refinery IPO?
The Gandhar Oil Refinery IPO lot size is 88 Equity Shares and the minimum order quantity is 88 Equity Shares
Who is the Registrar for Gandhar Oil Refinery IPO?
The Registrar for Gandhar Oil Refinery IPO is Link Intime India Private Limited
How to apply in Gandhar Oil Refinery IPO through UPI?
Check the step by step process here – Click here
How to apply in Gandhar Oil Refinery IPO through Zerodha?
Check the step by step process here – Click here
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