Gandhar Oil Refinery India Ltd. (MAINBOARD)
November 22, 2023 – November 24, 2023
| Price | ₹160 - ₹169 |
| Premium | ₹85 |
|---|---|
| Lot size | 88 |
| Allotment | Nov 29, 2023 |
| Listing | Nov 30, 2023 |
Gandhar Oil Refinery India Limited
18th floor, DLH Park,
S.V. Road
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: investor@gandharoil.com
Website: https://gandharoil.com/
Last Updated as on 24-Nov-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 5927984 | 764713136 | 129 |
| HNIs | 4594787 | 285933824 | 62.23 |
| HNIs (10+L) | 3063191 | 183463808 | 59.89 |
| HNIs (2-10L) | 1531596 | 102470016 | 66.9 |
| Retail | 10721169 | 310352504 | 28.95 |
| Total | 21243940 | 1360999464 | 64.07 |
| Total Application : 2,826,431 (23.99 times) | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹29.27 | @8% ₹33.45 | @9% ₹37.63 | @10% ₹41.81 | @11% ₹45.99 | @12% ₹50.17 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 88 | 14872 | 117834 |
| sHNI | 14 | 1232 | 208208 | 1202 |
| bHNI | 68 | 5984 | 1011296 | 2405 |
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.
Gandhar Oil Refinery India IPO Details
| Issue Size | [29626732] shares (aggregating up to ₹500.69 Cr) |
| Fresh Issue | [17869822] shares (aggregating up to ₹302.00 Cr) |
| Offer for Sale | 11756910 shares of ₹2 (aggregating up to ₹198.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 80,000,000 |
Gandhar Oil Refinery India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Gandhar Oil Refinery India IPO Lead Manager(s)
Edelweiss Financial Services Ltd
ICICI Securities Limited
Company Financials
Gandhar Oil Refinery India Limited Financial Information (Proforma Consolidated)
Gandhar Oil Refinery India Limited's revenue increased by 35.01% and profit after tax (PAT) rose by 14.41% between the financial year ending with March 31, 2022 and March 31, 2021.
| Period | Mar 2022 | Mar 2021 |
| Assets | 1,317.83 | 1,097.36 |
| Revenue | 3,397.82 | 2,516.69 |
| Profit | 184.15 | 160.95 |
| Net Worth | 560.22 | 375.43 |
| Reserves | 520.51 | 352.04 |
| Borrowing | 158.16 | 176.78 |
| Amount in ₹ Crore | ||