Gandhar Oil Refinery India Limited
Mainboard₹14,872 / 88 Shares
Gandhar Oil Refinery India Limited IPO Details
The Gandhar Oil Refinery India Limited IPO price band is set between ₹160-169 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 22 Nov, 2023 and closes on 24 Nov, 2023. Investors can check the allotment status on 29 Nov, 2023, while the listing date is tentatively scheduled for 30 Nov, 2023.
The total issue size is Total ₹500.69 Cr :#Fresh Issue : 17,869,822 shares, aggregating up to ₹302.00 Cr. Stay tuned for the latest Gandhar Oil Refinery India Limited IPO review and GMP updates.
Gandhar Oil Refinery India Limited IPO Review, Rating & Analysis
Gandhar Oil Refinery India Limited IPO Review
NO REVIEWGandhar Oil Refinery India Limited IPO Rating
Gandhar Oil Refinery India Limited IPO Highlights
IPO Date
Nov 22, 2023 - Nov 24, 2023
Listing Date
30 Nov, 2023
Face Value
₹2 Per Equity Share
Price Band
₹160-169 per equity share
Lot Size
88 Shares
Fresh Issue
17,869,822 Shares
Offer for Sale
11,756,910 shares of ₹2
Listing At
BSE, NSE
Gandhar Oil Refinery India Limited IPO Lot Size
The minimum market lot for Gandhar Oil Refinery India Limited IPO is 88 shares with an application amount of ₹14,872. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,872 |
| Retail (Max) | 13 | 1144 | ₹1,93,336 |
| S-HNI (Min) | 14 | 1232 | ₹2,08,208 |
| S-HNI (Max) | 67 | 5896 | ₹9,96,424 |
| B-HNI (Min) | 68 | 5984 | ₹10,11,296 |
Gandhar Oil Refinery India Limited IPO Timeline
Issue Price
₹160-169 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Edelweiss Financial Services LtdICICI Securities LimitedIssue Size
Total ₹500.69 Cr :#Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) +
#OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr)
Gandhar Oil Refinery India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1613.44 | 4101.79 | 213.18 | - | - | - |
| 31 Mar 21 | 1097.70 | 2069.58 | 161.14 | - | - | - |
| 31 Mar 20 | N/A | N/A | N/A | - | - | - |
| 31 Mar 19 | N/A | N/A | N/A | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr Ramesh Babulal Parekh
- Mr Samir Ramesh Parekh
- Mr Aslesh Ramesh Parekh
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 87.50% | 64.63% |
About Company
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 Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,925,346 | 4,444,010 2,962,673 1,481,337 | 10,369,356 | 20,738,712 |
Day 1 -22-11-23 05:00 PM | 1.35 x | 7.70 5.84 x 11.43 x | 6.91 x | 5.53 x |
Day 2 -23-11-23 05:00 PM | 3.14 x | 26.24 21.77 x 35.18 x | 17.27 x | 15.27 x |
Day 3 -24-11-23 05:00 PM | 129.00 x | 62.23 59.89 x 66.90 x | 28.95 x | 64.07 x |
23.99 times
Frequently Asked Questions about Gandhar Oil Refinery India Limited IPO
When will Gandhar Oil Refinery India Limited IPO open for subscription?
The Gandhar Oil Refinery India Limited IPO opens on 22 Nov, 2023 and closes on 24 Nov, 2023.
What is the investors portion for Gandhar Oil Refinery India Limited IPO?
The investors' portion for QIB is 129.00 x, NII is 59.89 x, and Retail is 28.95 x.
How to apply for Gandhar Oil Refinery India Limited IPO?
You can apply for Gandhar Oil Refinery India Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Gandhar Oil Refinery India Limited IPO?
The issue size of Gandhar Oil Refinery India Limited IPO is approx ₹Total ₹500.69 Cr :#Fresh Issue : 17,869,822 shares(aggregating up to ₹302.00 Cr) +#OFS : 11,756,910 shares of ₹2(aggregating up to ₹198.69 Cr) crores.
What is the price band of Gandhar Oil Refinery India Limited IPO?
The price band for Gandhar Oil Refinery India Limited IPO is ₹160 to ₹169 per equity share.
What is the lot size of Gandhar Oil Refinery India Limited IPO?
The minimum bid (lot size) for Gandhar Oil Refinery India Limited IPO is N/A shares with an investment of approx ₹14,872 .
What is the allotment date of Gandhar Oil Refinery India Limited IPO?
The allotment date for Gandhar Oil Refinery India Limited IPO is 29 Nov, 2023.
What is the listing date of Gandhar Oil Refinery India Limited IPO?
The listing date for Gandhar Oil Refinery India Limited IPO is expected to be 30 Nov, 2023.
What is the GMP of Gandhar Oil Refinery India Limited IPO?
The latest Grey Market Premium (GMP) for Gandhar Oil Refinery India Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.