Gandhar Oil Refinery (India) Limited

Gandhar Oil Refinery (India) Limited IPO

BSE, NSEClosed
Nov 22, 2023Open Date
Nov 24, 2023Close Date
TBAAllotment Date
Nov 30, 2023Listing Date

Subscription Details

View Subscription Details
QIB129.00x
Retail28.95x
NIIs (Non-Institutional Investors)Main Category
62.23x

NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

66.90x

bHNI (> ₹10L)

Bids above ₹10L

59.89x

Overall Subscription

Total Bids Received

64.07x

Updated: 10 Jul, 06:09 pm

Gandhar Oil Refinery (India) Limited IPO Issue Details

Issue Price₹160-169 Per Equity Share
Face Value₹2 Per Equity Share
Listing AtBSE, NSE
Listing DateNov 30, 2023

Company Information

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...

Valuations

RoNW

32.28%

Financial Information (₹ in Crores)

MetricFY 23FY 21FY 20FY 19
Total Assets1613.441097.7
Total Revenue4101.792069.58
Profit After Tax213.18161.14
Net Worth

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1he 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. 2Investment 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. 3Capital 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. 4Funding working capital requirements of the Company
  5. 5General corporate purposes

Gandhar Oil Refinery (India) Limited – Promoter(s)

Mr Ramesh Babulal Parekh
Mr Samir Ramesh Parekh
Mr Aslesh Ramesh Parekh

Contact Details

Gandhar Oil Refinery (India) Limited IPO Documents

Frequently Asked Questions — Gandhar Oil Refinery (India) Limited IPO

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