The Gandhar Oil date has been confirmed from November 23 and ended on November 27
The date of the Gandhar Oil IPO has been confirmed; it will open on November 23 and end on November 27. With its IPO, which will include a new issue of 357 and an offer to sell up to 143 Shares at a price of 2 apiece, Gandhar Oil hopes to raise about 500 crores. Retail quotas are 35%, HNIs are 15%, and QIBs are 50%.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
November 23 – 27
Price Range
₹160 to ₹169 per share
Face Value
₹2 per share
GMP
₹73
Gandhar Oil GMP
The Gandhar Oil IPO GMP is ₹[73 ].
IPO Overview
The IPO of Gandhar Oil Refinery India is a book built issue worth Rs 500.69 crores. It consists of a fresh issue of 1.79 crore shares amounting to Rs 302.00 crores and an offer for sale of 1.18 crore shares amounting to Rs 198.69 crores. The bidding for the Gandhar Oil Refinery India IPO commenced on November 22, 2023 and concluded on November 24, 2023. The allotment for the IPO was finalized on Tuesday, November 28, 2023. The shares were listed on both BSE and NSE on November 30, 2023.
Gandhar Oil IPO Date & Price Band Details
| IPO Open: | November 23, 2023 |
| IPO Close: | November 27, 2023 |
| IPO Size: | Approx ₹500 Crores |
| Fresh Issue: | Approx ₹357 Crores |
| Offer for Sale: | Approx ₹143 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Gandhar Oil IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Gandhar Oil IPO Allotment & Listing Dates
The Gandhar Oil IPO date is November 23 and the close date is November 27. The Gandhar Oil IPO allotment will be finalized on 2023 and the IPO listing on 2023.
| Anchor Investors Allotment: | November 22, 2023 |
| IPO Open Date: | November 23, 2023 |
| IPO Close Date: | November 27, 2023 |
| Basis of Allotment: | 2023 |
| Refunds: | 2023 |
| Credit to Demat Account: | 2023 |
| IPO Listing Date: | 2023 |
Gandhar Oil Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2020 | ₹2517 | ₹2503 | ₹14.08 |
| 2021 | ₹2242 | ₹2129 | ₹98.49 |
| 2022 | ₹3569 | ₹3344 | ₹160.07 |
| 2023 3M | ₹886 | ₹803 | ₹58.10 |
Gandhar Oil IPO Valuation – FY2022
| Earning Per Share (EPS): | ₹20.99 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.53% |
| Net Asset Value (NAV): | ₹70.03 per Equity Share |
Company Profile
Established in 1992, Gandhar Oil Limited is a renowned manufacturer of white oils, specializing in serving the consumer and healthcare industries. With an extensive product range of over 440 items, the company’s offerings span various divisions such as personal care, healthcare, performance oils, lubricants, process oils, and insulating oils. These products are proudly marketed under the trusted brand name “Divyol.” As of June 2023, Gandhar Oil Limited has successfully expanded its reach to 100 countries worldwide, including Europe, Africa, and the Americas. The company takes pride in its vast clientele, which includes esteemed names like Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali
Ayurved, Bajaj Consumer Care, Emami, Amrutanjan Healthcare, Supreme Petrochem, and other prominent Indian pharmaceutical manufacturers. To ensure effective sales and marketing strategies, Gandhar Oil Limited maintains an in-house team of 129 dedicated professionals as of June 30, 2023. This team plays a crucial role in driving the company’s growth and maintaining its strong presence in the market.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91-22-4918 6270 |
| Email ID | gandharoil.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Gandhar Oil Limited |
| Phone number | +91 22 4063 5600 |
| Email ID | investor@gandharoil.com |
| Website | https://gandharoil.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
