Gandhar Oil Refinery (India) Ltd
Price Range
₹160 - ₹169
Min. Quantity
88
Closes on
24 November 2023
Min. investment
₹14,872/1,144 Shares
Gandhar Oil Refinery (India) Ltd IPO Timeline
Gandhar Oil Refinery (India) Limited was incorporated as a Private Limited Company with the name Gandhar Oil Refinery (India) Private Limited' on October 7, 1992. The Company became a deemed Public Limited Company with effect from July 1, 1996, consequent to which the name of the Company was changed to Gandhar Oil Refinery (India) Limited' on January 22, 1997. Subsequently, the Company converted into a Private Limited Company with effect from December 13, 2002, consequent to which name of the Company was changed to Gandhar Oil Refinery (India) Private Limited' on January 6, 2003. Further, name of the Company changed to Sunoco Industries Private Limited' on March 16, 2004. Thereafter, name of the Company changed to Gandhar Oil Refinery (India) Private Limited' on July 25, 2005. The Company was subsequently converted into a Public Limited Company, consequent to which name of the Company was changed to Gandhar Oil Refinery (India) Limited' on August 22, 2005.
| Event | Date |
|---|---|
| Gandhar Oil Refinery (India) Ltd IPO Opening Date | 22 November 2023 |
| Gandhar Oil Refinery (India) Ltd IPO Closing Date | 24 November 2023 |
| Basis of Allotment | 28 November 2023 |
| Initiation of Refunds | 29 November 2023 |
| Credit of Shares to Demat | 29 November 2023 |
| Gandhar Oil Refinery (India) Ltd IPO Listing Date | 30 November 2023 |
Gandhar Oil Refinery (India) Ltd IPO Details
| Gandhar Oil Refinery (India) Ltd IPO Date | 22 November 2023 to 24 November 2023 |
| Gandhar Oil Refinery (India) Ltd IPO Face Value | ₹2 per share |
| Gandhar Oil Refinery (India) Ltd IPO Price | ₹160 to ₹169 per share |
| Gandhar Oil Refinery (India) Ltd IPO Lot Size | 88 |
| Issue Size | Shares of ₹2 (aggregating up to ₹500.69 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹302 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹198.69 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 59,27,984 of the Net Offer |
| Retail Shares Offered | Not less than 1,07,21,169 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 45,94,787 of the Net Offer |
| Company Promoters | Ramesh Babulal Parekh, Samir Ramesh Parekh, Aelesh Ramesh Parekh |
Gandhar Oil Refinery (India) Ltd IPO Lot Size
The Gandhar Oil Refinery (India) Ltd IPO lot size is 88 shares. A retail-individual investor can apply for up to 13 lots (1,144 shares or ₹1,93,336).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 88 | ₹14,872 |
| Maximum | 13 | 1,144 | ₹1,93,336 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Gandhar Oil Refinery (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,552.09 | 2,858.92 | 118.71 |
| 03-2023 | 1,170.79 | 2,946.21 | 169.53 |
| 03-2022 | 1,091.64 | 2,989.65 | 196.60 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment into 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 (i) expansion in capacity of automotive oil at our silvasa plant (ii) expansion in capacity of petroleum jelly and accompanying cosmetic products division at the Taloj
- Funding working capital requirements of the company
- General corporate purposes
Gandhar Oil Refinery (India) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 37.68% |
| Post Issue Share Holding | 30.8% |
Gandhar Oil Refinery (India) Ltd IPO Subscription Status (Bidding Detail)
The Gandhar Oil Refinery (India) Ltd IPO is subscribed 64.07 times on 24 November 2023 05:00:00 PM. The public issue subscribed 28.95 times in the retail category, 129 times in the QIB category, and 62.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 129 | 62.23 | 28.95 | - | 64.07 |
Gandhar Oil Refinery (India) Ltd IPO Prospectus
Gandhar Oil Refinery (India) Ltd IPO Listing Date
| Listing Date | 30 November 2023 |
| BSE Script | 544029 |
| NSE Symbol | GANDHAR |
| Listing In | BSE, NSE |
| ISIN | INE717W01049 |
| IPO Price | ₹169 |
| Face Value | ₹2 |
Company Contact Information
18th Floor DLH Park S V RoadGoregaon (West),Mumbai-400062
Phone: 91-22 4063 5600
Email: investor@gandharoil.com
Website: www.gandharoil.com
Gandhar Oil Refinery (India) Ltd IPO Registrar
Gandhar Oil Refinery (India) Ltd IPO Lead Manager(s)
- Nuvama Wealth Management Ltd
- ICICI Securities Ltd
FAQ
What is the issue size of Gandhar Oil Refinery (India) Ltd IPO?
I have pre-applied for Gandhar Oil Refinery (India) Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.