Gandhar Oil Refinery IPO Details ( Gandhar Oil Refinery India Limited IPO Review )
(22 Nov 2023 – 24 Nov 2023)
Gandhar Oil Limited is a big deal in making white oils. They make stuff for regular folks and the healthcare folks too. By June 30, 2022, they’ve got a whopping 350 products. These fall into three main types: personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO). It all goes under the name “Divyol.”
Their products are super important ingredients for lots of different things. Think consumer goods, healthcare stuff, cars, factories, power, tires, rubber – you name it. Big-shot companies in India and around the world use their stuff.
By June 2022, these guys have reached 100 countries. They’ve made over 3500 clients happy, including big names like Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.
Gandhar Oil Refinery India Limited IPO Competitive Strength
- Leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end-industries
- Extensive and diversified customer base and a supplier base comprised of leading oil companies with competitive pricing terms
- Strategically located manufacturing facilities and in-house R&D capabilities
- Resilient, flexible and scalable business model with prudent risk management framework
- Track record of consistent financial performance
- Experienced and qualified management team
Gandhar Oil Refinery IPO Financials Performance ( Results )
Gandhar Oil Refinery India Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
|Period Ended||Total Assets||Total Revenue||PAT||EPS|
Objective of Gandhar Oil Refinery India IPO Issue
The Offer consists of two components: the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale, and such proceeds will not be included in the Net Proceeds. The Net Proceeds from the Fresh Issue will be allocated for the following purposes:
- Providing a loan to Texol to finance the repayment/pre-payment of a loan obtained from the Bank of Baroda.
- Capital expenditure, including the acquisition of equipment and undertaking civil work for: a. Capacity expansion of automotive oil at the company’s Silvassa Plant. b. Capacity expansion of the petroleum jelly and related cosmetic product division at the company’s Taloja Plant. c. Capacity expansion of white oils by installing blending tanks at the company’s Taloja Plant.
- Meeting the working capital requirements of the Company.
- Addressing general corporate purposes.
Gandhar Oil Refinery IPO Basic Details
|IPO Date||Nov 22, 2023 to Nov 24, 2023|
|Listing Date||Tuesday, December 5, 2023|
|Face Value||₹2 per share|
|Price||₹160 to ₹169 per share|
|Lot Size||88 Shares|
|Issue Size||29,626,732 shares of ₹2|
(aggregating up to ₹500.69 Cr)
|Fresh Issue||17,869,822 shares of ₹2|
(aggregating up to ₹302.00 Cr)
|Offer for Sale||11,756,910 shares of ₹2|
(aggregating up to ₹198.69 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Share holding pre issue||80,000,000|
|Share holding post issue||97,869,822|
|Company Promoters||Mr Ramesh Babulal Parekh,|
Mr Samir Ramesh Parekh and
Mr Aslesh Ramesh Parekh
Gandhar Oil Refinery IPO Reservation
|QIB Shares Offered||50% of the Net Issue|
|NII (HNI) Shares Offered||15% of the Net Issue|
|Retail Shares Offered||35% of the Net Issue|
Gandhar Oil IPO Timetable
Gandhar Oil IPO will open on November 22, 2023 and close on November 24, 2023. You can join Gandhar Oil IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
|Opening Date||22 November 2023 (Wednesday)|
|Closing Date||24 November 2023 (Friday)|
|Basis of Allotment||30 November 2023 (Thursday)|
|Initiation of Refunds||1 December 2023 (Friday)|
|Credit of Shares to Demat||4 December 2023 (Monday)|
|Listing Date||5 December 2023 (Tuesday)|
|Deadline for UPI mandate confirmation||5 PM on 24 November 2023|
Gandhar Oil Refinery IPO Lot Size
For retail investors in Gandhar Oil Refinery IPO, 88 shares will come in 1 lot or the minimum investment will be ₹14,872. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,336.
Gandhar Oil Refinery IPO Promoter Holding
The company’s promoters include Mr Ramesh Babulal Parekh, Mr Samir Ramesh Parekh and Mr Aslesh Ramesh Parekh.
|Pre Issue Share Holding||87.50%|
|Post Issue Share Holding||64.63%|
Gandhar Oil Refinery India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
|Market Cap (₹ Cr.)||1654|
|Earning Per Share (EPS)||₹23.77 per Equity Share|
|Net Asset Value (NAV)||₹95.03 per Equity Share|
|Post P/E Ratio (P/E) (x)||6.16|
|Return on Net Worth (RoNW) (%)||32.28|
|Return on equity (ROE) (%)||32.28|
|Return on Capital Employed (ROCE) (%)||41.19|
Gandhar Oil Refinery IPO GMP Live Update, Kostak Rate day by day
|20 November 2023||₹57||–||–|
|19 November 2023||₹57||–||–|
|18 November 2023||₹52||–||–|
|17 November 2023||₹40||–||–|
|16 November 2023||₹35||–||–|
Gandhar Oil Refinery IPO Detail Video:
Gandhar Oil Refinery IPO Subscription Status (Bidding Detail)
The Gandhar Oil Refinery IPO on November 24, 2023 at 7:30:00 PM was subscribed 65.63 times, with the retail category being subscribed 29.93 times, the NII (Non-Institutional Investor) category being subscribed 64.34 times, QIB (Qualified-Institutional Buyers) category being subscribed 129.06 times.
Gandhar Oil Refinery IPO Prospectus
|Gandhar Oil Refinery IPO DRHP||Download|
|Gandhar Oil Refinery IPO RHP||Download|
|Gandhar Oil Refinery IPO Anchor Investors Details PDF||Download|
Gandhar Oil Refinery IPO Rating
Gandhar Oil Refinery Company Contact Information
Gandhar Oil Refinery India Limited
Registered and Corporate Office: 18th floor, DLH Park, S.V. Road, Goregaon (W), Mumbai 400 062, Maharashtra, India;
Contact Person: Ms. Jayshree Soni, Company Secretary and Compliance Officer
Tel: +91 22 4063 5600
Corporate Identity Number: U23200MH1992PLC068905
Our Promoters: Mr. Ramesh Babulal Parekh, Mr. Samir Ramesh Parekh and Mr. Aslesh Ramesh Parekh
Gandhar Oil Refinery IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
Investor grievance e-mail: email@example.com
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
Gandhar Oil Refinery IPO Lead Manager
Edelweiss Financial Services Limited
Registered Office: 6th Floor, Edelweiss House Off C.S.T. Road, Kalina
Mumbai 400 098, Maharashtra, India
Tel: +91 22 4009 4400
Investor grievance e-mail: firstname.lastname@example.org
Contact person: Lokesh Shah
SEBI registration no.: INM0000010650
ICICI Securities Limited
Registered Office: ICICI Venture House Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025, Maharashtra, India
Tel: +91 22 6807 7100
Investor grievance e-mail: email@example.com
Contact person: Ashik Joisar/Harsh Thakkar
SEBI Registration no.: INM000011179
Gandhar Oil Refinery IPO FAQs
What is the lot size of Gandhar Oil Refinery IPO?
The total size of Gandhar Oil Refinery IPO is ₹500.69 crores out of which ₹302.00 crores is fresh issue and ₹198.69 crores is offer for sale (OFS).
When will Gandhar Oil Refinery IPO start?
Gandhar Oil Refinery IPO will open from 22 November 2023 and IPO will close on 24 November 2023.
What is the open date of Gandhar Oil Refinery IPO?
Gandhar Oil Refinery IPO will open date from 22 November 2023.
What is the last date ( close date ) of Gandhar Oil Refinery IPO?
Gandhar Oil Refinery IPO will close from 24 November 2023.
What is the price band of Gandhar Oil Refinery IPO?
Gandhar Oil Refinery IPO price band is ₹160 to ₹169. ( Upper Price Band: ₹169, Lower Price Band: ₹160 )
What is the minimum amount required to apply for Gandhar Oil Refinery IPO?
The minimum investment for retailers to apply for Gandhar Oil Refinery IPO is ₹14,872 and the maximum investment is ₹193,336.
What is going on gray market premium of Gandhar Oil Refinery IPO?
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How much is the GMP of Gandhar Oil Refinery IPO?
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What is the allotment date of Gandhar Oil Refinery IPO?
The allotment date of Gandhar Oil Refinery IPO is 30 November 2023.
How to check allotment status in Gandhar Oil Refinery IPO?
To check the allotment status of Gandhar Oil Refinery IPO, first of all go to the registrar website by clicking here, select your bad Gandhar Oil Refinery IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Gandhar Oil Refinery IPO?
The listing date of Gandhar Oil Refinery IPO is 5 December 2023.
How much will be the listing gain in Gandhar Oil Refinery IPO?
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How much time Gandhar Oil Refinery IPO is subscribed?
Total 65.63 times subscribed in Gandhar Oil Refinery IPO out of which 29.93 times subscription was done in retail quota, 64.34 times subscription in NII quota and 129.06 times subscription in QIB quota.
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