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%.
Leading producer of white oils, Gandhar Oil Limited is increasingly concentrating on the consumer and healthcare end markets. Approximately 350 goods were part of their product suite as of June 30, 2022, with the majority being found in the lubricants, process and insulating oils (PIO), personal care, healthcare, and performance oils (PHPO) divisions under the “Divyol” brand. Prominent Indian and international companies utilise Gandhar Oil products as ingredients to make consumer, healthcare, automotive, industrial, power, tyre, and rubber end
products. Their goods were available for purchase in more than 100 nations as of June 30, 2022. In the Financial Year 2022, they served more than 3,500 clients, including well-known Indian and international businesses like Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare. Their operations in India and the United Arab Emirates also provided support.
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 |
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 (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;
- Funding working capital requirements of the Company; and
- General corporate purposes.
Gandhar Oil IPO Market Lot
The Gandhar Oil IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Gandhar Oil IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
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 IPO Form
How to apply for the Gandhar Oil IPO? –> Using the ASBA that is accessible in your bank account, you can apply for the Gandhar Oil IPO. Simply click the Invest section, choose the Gandhar Oil IPO, and apply using your bank account by going to the online bank login. The alternative is to apply through IPO forms that can be downloaded from the NSE and BSE for the Gandhar Oil IPO. Examine the forms for Gandhar Oil.
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
Check Gandhar Oil IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group
- Savita Oil Technologies Ltd
- Apar Industries Ltd
- Panama Petrochem Ltd
- Galaxy Surfactants Ltd
- Privi Speciality Chemicals Ltd
- Rossari Biotech Ltd
- Fairchem Organics Ltd
Gandhar Oil IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Company Address
Gandhar Oil Refinery India Limited
18th floor, DLH Park,
S.V. Road
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: [email protected]
Website: https://gandharoil.com
Company Promoters
- Mr Ramesh Babulal Parekh
- Mr Samir Ramesh Parekh
- Mr Aslesh Ramesh Parekh
Gandhar Oil IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Edelweiss Financial Services Ltd
Gandhar Oil IPO FAQs
Q1. How many shares in Gandhar Oil Refinery (India) IPO are reserved for HNIs and retail investors?
Ans. The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
Q2. How to apply in Gandhar Oil Public Offer?
Ans. The best way to apply in Gandhar Oil public offer is through Internet banking ASBA . You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
Q3. What is Gandhar Oil IPO GMP today?
Ans. Gandhar Oil IPO GMP today is ₹70 per share.
Q4. What is Gandhar Oil kostak rate today?
Ans. Gandhar Oil kostak rate today is ₹400 per application.
Q5. What is Gandhar Oil Subject to Sauda rate today?
Ans. Gandhar Oil Subject to Sauda rate today is ₹3000 per application.
