The leading white oils manufacturer company Gandhar Oil Refinery India IPO will be hit the market 22 November 2023 and closes on 24 November 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹500.69 crore through IPO. The company will issue fresh shares of ₹302 crores through this IPO and will issue shares through offer for sale of ₹198.69 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Gandhar is a leading manufacturer of white oils by revenue, engaged in producing Pharmaceutical, Health care, and performance oil (PHPO), Process Insulating Oil (PIO) and Lubricants (automotive oils and industrial oils). These products also meet national and international quality standards and are approved by India FDA, ISO Certifications, Kosher, BIS and Halal. The company product suite comprised over 440 products primarily across the personal care, healthcare and performance oils (“PHPO”). You can check Gandhar Oil Refinery India IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The white oil market is the fastest growing segment in the specialty oils sector and our Company is India’s largest manufacturer of white oils by revenue in Financial Year 2023, including domestic and overseas sales and is one of the top five players globally in terms of market share in the calendar year 2022.As of June 30, 2023, our products were sold in over 100 countries across the globe. You can check Gandhar Oil Refinery IPO Allotment status here.
The company catered to over 3,500 customers in the Financial Year 2023, including leading Indian and global companies such as Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare, supported by our global supplier base and manufacturing operations in India and United Arab Emirates. You can check Gandhar Oil Refinery India IPO subscription status here.
Object 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 expansion in capacity of automotive oil at our Silvassa Plant.
- Funding working capital requirements of our Company.
- General corporate purposes.
Company Strengths :
- Leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end-industries.
- Extensive and diversified customer base and a supplier base comprised of leading oil companies with competitive pricing terms.
- Strategically located manufacturing facilities and in-house R&D capabilities.
- Resilient, flexible and scalable business model with prudent risk management framework.
- Track record of consistent financial performance.
- Experienced and qualified management team.
Gandhar Oil Refinery India IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹213.18 Cr ₹169 EQ 23.77 7.10x 32.28 % 32.28 % 41.19 % 0.22 ₹95.03 ₹1795.57 Cr ₹1654.00 Cr 87.50 % 64.63 % |
| Team Review : | ✔ Apply For Listing Gain& Long Term |
Gandhar Oil Refinery India IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 22 November 2023 |
| IPO Close : | 24 November 2023 |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹160 – ₹169 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹500.69 Cr {29,626,732 Shares} |
| Fresh Issue : | ₹302.00 Cr {17,869,822 Shares} |
| Offer For Sale : | ₹198.69 Cr {11,756,910 Shares} |
Gandhar Oil Refinery India IPO Market Lot :
Gandhar Oil Refinery India IPO Minimum Market lot is 1 Lot with 88 shares with ₹14,872 Application amount. The retail investors can apply up to 13 lots with 1144 Shares or ₹193,336 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 88 | ₹14,872 |
| Retail Maximum : | 13 | 1144 | ₹193,336 |
| S-HNI Minimum : | 14 | 1232 | ₹208,208 |
| S-HNI Maximum : | 67 | 5896 | ₹996,424 |
| B- HNI Minimum : | 68 | 5984 | ₹1,011,296 |
Gandhar Oil Refinery India IPO Reservation :
Gandhar Oil Refinery India IPO Total Reservation of 29,626,732 shares are to be bid for the public issue by Gandhar Oil Refinery India IPO with 14,813,366 for QIB and 4,444,009 for NII 10,369,356 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 14,813,366 | ₹250.35 |
| NII : | 15% | 4,444,009 | ₹75.10 |
| RII : | 35% | 10,369,356 | ₹175.24 |
| Total : | 100% | 29,626,732 | ₹500.69 |
Gandhar Oil Refinery India IPO EPS & RoNW :
The Gandhar Oil Refinery India company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹23.77 | 32.28% | ₹95.03 |
| 2022 | ₹18.42 | 32.54% | ₹70.09 |
| 2021 | ₹12.54 | 24.77% | ₹55.60 |
Gandhar Oil Refinery India IPO Peer Comparison PE :
The Gandhar Oil Refinery India, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Savita Oil Technologies | 10.84 |
| 2. | Apar Industries | 29.96 |
| 3. | Panama Petrochem | 7.96 |
| 4. | Galaxy Surfactants | 24.16 |
| 5. | Privi Speciality Chemicals | 222.13 |
| 6. | Rossari Biotech | 40.73 |
| 7. | Fairchem Organics | 32.74 |
Gandhar Oil Refinery India IPO Dates :
Gandhar Oil Refinery India IPO Date is 22 November 2023 and closes on 24 November 2023. The allotment will be finalized on 30 November 2023 and the IPO may list on 05 December 2023.
| Anchor Date : | 21 November 2023 |
| Open Date : | 22 November 2023 |
| Close Date : | 24 November 2023 |
| Allotment Date : | 30 November 2023 |
| Refund Date : | 01 December 2023 |
| Share Credit Date : | 04 December 2023 |
| Listing Date : | 05 December 2023 |
Gandhar Oil Refinery India IPO Form :
There are two ways to apply in Gandhar Oil Refinery India IPO. You can apply for Gandhar Oil Refinery India IPO through ASBA available in your bank account. You have to go to your online bank login and select Gandhar Oil Refinery India IPO in the Invest section and apply through your bank account. Another option is you can apply for Gandhar Oil Refinery India IPO through IPO form download through NSE and BSE. See the Gandhar Oil Refinery India IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Gandhar Oil Refinery India Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹4,101.79 | ₹3830.84 | ₹213.18 |
| 2022 | ₹3,397.98 | ₹3344.24 | ₹184.30 |
| 2021 | ₹2,069.58 | ₹2129.42 | ₹161.14 |
Company Promoters :
■ Mr. Ramesh Babulal Parekh
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Gandhar Oil Refinery India IPO Lead Managers :
■ Nuvama Wealth Management Limited
■ ICICI Securities Limited
Gandhar Oil Refinery India IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
Investor grievance e-mail: [email protected]
Note: Check Gandhar Oil Refinery India IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Gandhar Oil Refinery (India) Limited
18th floor, DLH Park, S.V. Road
Goregaon (W), Mumbai 400 062
Maharashtra, India
Tel: +91 22 4063 5600
E-mail: [email protected]
Website: www.gandharoil.com
Gandhar Oil Refinery India IPO FAQs :
What is Gandhar Oil Refinery India IPO?
Gandhar Oil Refinery India IPO is Mainboard IPO. They are going to raise ₹500.69 Crores via IPO. The issue is priced at ₹160-₹169 per equity share. The IPO is to be listed on NSE, BSE.
When Gandhar Oil Refinery India IPO will open?
The IPO is to open on 22 Nov – 24 Nov for QIB, NII & RII.
What is Gandhar Oil Refinery India IPO Size?
Gandhar Oil Refinery India IPO size is ₹500.69 Crores.
What is the Fresh issue size of Gandhar Oil Refinery India IPO?
The Fresh issue size of Gandhar Oil Refinery India IPO ₹300.00 Cr.
What is the Offer For Sale size of Gandhar Oil Refinery India IPO?
The Offer For Sale size of Gandhar Oil Refinery India IPO ₹198.69 Cr.
What is Gandhar Oil Refinery India IPO Price Band?
Gandhar Oil Refinery India IPO Price Band is ₹160-₹169 Per share.
What is Gandhar Oil Refinery India IPO Minimum and Maximum Lot Size?
The minimum 88 Shares with ₹14,872 amount while the maximum 1144 shares with ₹193,336.
What is Gandhar Oil Refinery India IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Gandhar Oil Refinery India IPO Allotment Date?
Gandhar Oil Refinery India IPO allotment date is 30 November 2023.
What is Gandhar Oil Refinery India IPO Listing Date?
Gandhar Oil Refinery India IPO listing date is 05 December 2023. The IPO to list on NSE, BSE.
How to Apply the Gandhar Oil Refinery India IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Gandhar Oil Refinery India IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Gandhar Oil Refinery India IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Gandhar Oil Refinery India IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Gandhar Oil Refinery India IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Gandhar Oil Refinery India IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Gandhar Oil Refinery India IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Gandhar Oil Refinery India IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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