IPO

Gandhar Oil Refinery India Limited IPO

Mainboard

Lubricants

Listed On: Nov 30, 2023 at ₹ 298.0(NSE)

₹ 14872 /88 Shares

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Price Summary

Last Closing

205.15 (21.39%)

52 Week High

344.05

52 Week Low

182.45

Last Update

22-Nov-2024 3:30 PM

Gandhar Oil Refinery India Limited IPO Details

22 Nov, 2023

Open Date

24 Nov, 2023

Close Date

29 Nov, 2023

Allotment Date

30 Nov, 2023

Listing Date

Issue Price

₹160-169 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

298.0(NSE)

Listing Date

2023-11-30

Market Lot

Retail : 88 Shares (₹14,872/-)
S-HNI : 1,232 Shares (₹2,08,208/-)
B-HNI : 5,984 Shares (₹10,11,296/-)

Lead Manager

Edelweiss Financial Services Ltd
ICICI Securities Limited

Issue Size

Total ₹500.69 Cr :
#Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) +
#OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr)

Retail Portion

35% (Number of Retail Applications: 1,17,834 Approx),
(Number of S-HNI Applications : 1,202 Approx),
(Number of B-HNI Applications : 2,405 Approx)

Subscription

64.07 times

IPO Docs

DRHP RHP ANCHOR

Gandhar Oil Refinery India Limited IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved5,925,3464,444,010
2,962,673    1,481,337		10,369,35620,738,712
Day 1 - 22-11-23 05:00 PM1.35 x7.70
5.84 x   11.43 x		6.91 x5.53 x
Day 2 - 23-11-23 05:00 PM3.14 x26.24
21.77 x   35.18 x		17.27 x15.27 x
Day 3 - 24-11-23 05:00 PM129.00 x62.23
59.89 x   66.90 x		28.95 x64.07 x
Total No. of Applications: 2,826,431 (Approx)
Retail Subscription on the basis of Applications: 23.99 times

Gandhar Oil Refinery India Limited Valuations

Earnings Per Share (EPS)

₹23.77/-

P/E Ratio

6.16

RoNW

32.28%

Net Asset Value (NAV) - As on 31.03.23

₹95.03

Gandhar Oil Refinery India Limited Company Financials All values are in ₹ Cr.

31-Mar-2331-Mar-2131-Mar-2031-Mar-19
Assets1,613.441,097.70N/AN/A
Revenue4,101.792,069.58N/AN/A
Profit After Tax213.18161.14N/AN/A

About The Company

Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end-industries. As of June 30, 2022, the company offers an extensive range of over 350 products that primarily fall under three categories - personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) - under the brand name Divyol.The company's products serve as crucial ingredients for various end products in sectors such as consumer goods, healthcare, automotive, industrial, power, tyre, and rubber, and are used by leading Indian and global companies.

As of June 2022, company has catered to 100 countries across the globe. The company served more than 3500 clients including companies like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare.

Read More

Gandhar Oil Refinery India Limited - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Gandhar Oil REfinery1.677.7632.3%4,101
Savita Oil Technologies1.5013.716.1%3,629
Apar Industries9.0128.332.3%14,352
Panama Petrochem1.829.5527.1%2,249
Galaxy Surfactants4.9628.822.1%4,443
Privi Speciality Chem5.912272.80%1,634
Rossari Biotech4.1034.312.4%1,656
Fairchem Organics5.7152.617.7%648

Gandhar Oil Refinery India Limited - Promoter(s)

Pre Issue Share Holding: 87.50%

Post Issue Share Holding: 64.63%

Company Promoter(s)

  1. Mr Ramesh Babulal Parekh
  2. Mr Samir Ramesh Parekh
  3. Mr Aslesh Ramesh Parekh

Gandhar Oil Refinery India Limited IPO - Issue Objectives

  1. he company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
  2. 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
  3. Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at the company's Silvassa Plant; (ii) expansion in the capacity of petroleum jelly and accompanying cosmetic product division at the company's Taloja Plant; and (iii) expansion in capacity of white oils by installing blending tanks at the company's Taloja Plant
  4. Funding working capital requirements of the Company
  5. General corporate purposes

Gandhar Oil Refinery India Limited IPO - Anchor Investors

Gandhar Oil Refinery IPO: Investors mop up Rs 150 crore via anchor book.

As per the filing to exchanges, Gandhar Oil Refinery has allocated shares to a total of 16 anchor investors, including Morgan Stanley, Societe Generale, Copthall Mauritius Investment, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Whiteoak Capital, Ashoka India Equity Investment Trust, Turnaround Opportunities Fund, Aditya Birla Sun Life Insurance Company, and SBI General Insurance Company.

Gandhar Oil Refinery India Limited IPO - FAQs

Ans. Gandhar Oil Refinery India Limited IPO is a Mainboard IPO. The issue is priced at ₹160-169 per equity share. The minimum order quantity is 88 Shares. The IPO opens on Nov 22, 2023, and closes on Nov 24, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Gandhar Oil Refinery India Limited IPO opens on Nov 22, 2023 and closes on Nov 24, 2023.

Ans. The size of Gandhar Oil Refinery India Limited IPO is Total ₹500.69 Cr : #Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) + #OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr).

Ans. The IPO price band is set between ₹160-169 per equity share.

Ans. To apply for Gandhar Oil Refinery India Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Gandhar Oil Refinery India Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Gandhar Oil Refinery India Limited IPO is Nov 29, 2023.

Ans. The Gandhar Oil Refinery India Limited IPO will be listed on Nov 30, 2023.

Ans. Follow the steps to check the allotment status for Gandhar Oil Refinery India Limited IPO here.