Gandhar Oil Refinery IPO Details

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.

Gandhar Oil Refinery

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)

ParticularsFor the year ended (₹ in million)
Total Assets16,134.3513,182.0911,009.32
Total income41,017.9135,689.6322,425.90
Total Expenses38,308.3933,442.4021,294.24
Profit After Tax2,011.561,602.20986.84

Gandhar Oil Refinery IPO Price – Details

DescriptionIPO Details
Public IssueInitial 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 Date22-Nov-23
Issue Close Date24-Nov-23
Issue TypeBook Building
IPO Price Band₹ 160 – ₹ 169
Face Value₹ 2
Market Lot88 Equity Shares and in multiples thereof
Minimum Order Quantity88 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
ListingNSE, BSE
IPO Market Timings10.00 a.m. to 5.00 p.m.

Gandhar Oil Refinery IPO DRHP & RHP

Gandhar Oil Refinery IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)

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

DetailsIPO Date
Bid / Offer Opens on22-Nov-23
Bid / Offer Closes on24-Nov-23
Finalisation of Basis of Allotment30-Nov-23
Initiation of refunds01-Dec-23
Credit of the Equity Shares04-Dec-23
Listing Date05-Dec-23

Company Registered and Corporate Office

18th floor, DLH Park,
S.V. Road, Goregaon (W),
Mumbai 400 062,
Maharashtra, India

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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