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Home All IPOs Gandhar Oil Refinery (India) Ltd. IPO
Gandhar Oil Refinery (India) Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹169
Issue Price
₹169
Face ₹2
GMP
+₹0
+0% premium
Est. Listing
₹169
GMP based
Lot Size
88
shares / lot
Min Amount
₹14,872
1 lot · 88 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
22 Nov 2023
Wed Completed
Done
Close Date
24 Nov 2023
Fri Completed
Done
Allotment
28 Nov 2023
Tue Completed
Done
Refund
29 Nov 2023
Wed Completed
Done
Demat Credit
29 Nov 2023
Wed Completed
Done
Listing Date
30 Nov 2023
Thu Completed
UPI Deadline: 24 Nov 2023
Issue Details
Pricing & Size
Issue Price
₹169 Face ₹2
Lot Size
88 shares
Min Investment
₹14,872
Total Issue Size
2,96,26,732 shares (aggregating up to ₹500.69 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
1,48,13,365 (50.00%)
NII / HNI
44,44,010 (15.00%)
Retail
1,03,69,357 (35.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
-
Post-Issue Shareholding
9,78,69,822 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 88 ₹14,872
HNI / NII 14 1,232 ₹2,08,208
bHNI / bNII 68 5,984 ₹10,11,296
Objects of Issue
4 objectives
1
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;
2
Capital expenditure through the purchase of equipment and civil work required for (i) expansion in the 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;
3
Funding working capital requirements of the Company; and
4
General corporate purposes.
Lead Managers & Market Maker
Book Running Lead Managers
ICICI Securities Ltd.
Nuvama Wealth Management Ltd.
IPO Timeline
Open
22 Nov
✓ Done
Close
24 Nov
✓ Done
Allotment
28 Nov
✓ Done
Listing
30 Nov
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
gandharoil.ipo@linkintime.co.in
Company Contact
Email
investor@gandharoil.com
Phone
+91 22 4063 5600
Address
18th floor, DLH Park, S.V. Road Goregaon (W), Mumbai, Maharashtra, 400062
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹169
Est. Listing
₹169
Lot Size
88 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Gandhar Oil Refinery (India) Ltd. LIVE
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| Price
Market Reference
IPO Issue Price
₹169
GMP
+₹0 (+0%)
GMP Est. Listing
₹169
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 1,48,13,365 (50.00%) ₹25,034.59 Cr
NII / HNI (Total) 44,44,010 (15.00%) ₹7,510.38 Cr
Retail Investors 1,03,69,357 (35.00%) ₹17,524.21 Cr
Total ** 2,96,26,732 (100.00%) ₹500,691.77 Cr
* Based on ₹169.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
1,48,13,365 (50.00%)
NII
44,44,010 (15.00%)
Retail
1,03,69,357 (35.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric30 Jun 202331 Mar 202331 Mar 2022
Revenue1071.524101.793397.98
PAT54.28213.18184.30
EBITDA
Net Worth810.79760.21560.71
Total Assets1795.571613.441318.21
Reserves763.99719.19529.07
Borrowings335.62169.53158.16
Key Financial Ratios
32.28%
ROE
Return on Equity
41.19%
ROCE
Return on Capital Employed
32.28%
RONW
Return on Net Worth
0.22
D/E Ratio
Debt to Equity
23.77
Pre EPS
EPS Pre-Issue
6.16
Post P/E
P/E Post-Issue
About Gandhar Oil Refinery (India) Ltd.

Incorporated in 1992, Gandhar Oil Limited is a manufacturer of white oils that caters to the consumer and healthcare end industries.

As of June 30, 2023, the product suite comprised over 440 products primarily across the personal care, healthcare, and performance oils ("PHPO"), lubricants, and process and insulating oils ("PIO") divisions under the "Divyol" brand.

As of June 2023, the company has catered to 100 countries across the globe including Europe, Africa, and the Americas. The company served over 3500 clients, including Procter & Gamble (P&G), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, Amrutanjan Healthcare, Supreme Petrochem and other leading Indian manufacturers of pharmaceutical products.

The company has an in-house sales and marketing team that comprises 129 employees as of June 30, 2023.

The company currently operates three manufacturing facilities with a combined annual production capacity of 522,403 kL as of June 30, 2023, with plants located in (i) Taloja, Maharashtra (the "Taloja Plant"), (ii) Silvassa, the Union Territory of Dadra and Nagar Haveli and Daman and Diu (the "Silvassa Plant") and (iii) Sharjah, United Arab Emirates (the "Sharjah Plant") to cater to domestic and overseas demand.

Frequently Asked Questions
What is the issue price of Gandhar Oil Refinery (India) Ltd. IPO?
The issue price of Gandhar Oil Refinery (India) Ltd. IPO is ₹169 per share, face value ₹2.
What is the lot size?
Minimum lot size is 88 shares, requiring ₹14,872.
What are the IPO dates?
Opens 22 Nov 2023, closes 24 Nov 2023.
When is the listing date?
Tentative listing: 30 Nov 2023 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹169 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Gandhar Oil Refinery (India) Ltd. IPO · Expected 28 Nov 2023

Check on Registrar
Post-IPO Timeline
Allotment Date
28 Nov 2023
Refund Initiation
29 Nov 2023
Demat Credit
29 Nov 2023
Listing Date
30 Nov 2023
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹169
Face ₹2
Lot Size
88
shares / lot
Min Amount
₹14,872
1 lot
Est. Listing
₹169
GMP +₹0
Key Dates
Open
22 Nov Done
Close
24 Nov Done
Listing
30 Nov Done
Registrar
MUFG Intime India Pvt.Ltd.
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