Gandhar Oil Refinery India IPO Price: ₹160 - ₹169
IPO Date Range: Nov 22, 2023 - Nov 24, 2023
Gandhar Oil Refinery (India) Limited is a prominent manufacturer specializing in oils, lubricants, and greases catering to various industries, including consumer, healthcare, and performance oils. Established three decades ago, the company has experienced significant growth, boasting a market value of $481 million and a production capacity of 2.5 lakh metric tons.
The company, as of June 30, 2022, proudly showcases an expansive inventory of over 350 products categorized primarily into three main segments: personal care, healthcare, and Performance, Health, and Process Oils (PHPO); as well as lubricants, process, and insulating oils (PIO). All these products are presented under the renowned brand name "Divyol."
Its diverse range of offerings serves as vital components for a wide array of end products across numerous sectors including consumer goods, healthcare, automotive, industrial, power, tires, and rubber. These high-quality products are trusted and utilized by leading companies both in India and worldwide.
As of June 2022, the company has reached out to 100 countries worldwide, providing its services to over 3500 clients. Among these clients are renowned companies such as Procter & Gamble ("P&G"), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Face Value | ₹ 2 per share |
| Price Band | ₹160 to ₹169 per share |
| Lot Size | 88 shares |
| Total Issue Size | 29,626,732 shares (aggregating up to ₹500.69 Cr) |
| Fresh Issue | 17,869,822 shares (aggregating up to ₹302 Cr) |
| Offer For Sale | 11,756,910 shares (aggregating up to ₹198.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 80,000,000 |
| Share holding post issue | 97,869,822 |
Investors have the option to bid for a minimum of 88 shares, and they can increase their bid in multiples of this amount. The table below outlines the minimum and maximum investment thresholds for both retail investors and HNI, in terms of shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,872 |
| Retail (Max) | 13 | 1144 | ₹193,336 |
| S-HNI (Min) | 14 | 1,232 | ₹208,208 |
| S-HNI (Max) | 67 | 5,896 | ₹996,424 |
| B-HNI (Min) | 68 | 5,984 | ₹1,011,296 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
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| Period Ended | 31 Mar 2021 | 31 Mar 2023 | 30 Sept 2023 |
|---|---|---|---|
| Assets | 1097.70 | 1613.44 | 1795.57 |
| Revenue | 2069.58 | 4101.79 | 1071.52 |
| Profit After Tax | 161.14 | 213.18 | 54.28 |
| Net Worth | 375.76 | 760.21 | 810.79 |
| Reserves & Surplus | 355.68 | 719.19 | 763.99 |
| Total Borrowing | 176.78 | 169.53 | 335.62 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr.) | 1654 |
| ROE | 32.28% |
| ROCE | 41.19% |
| Debt/ Equity | 0.22 |
| EPS (Rs) | 23.77 |
| RoNW | 32.28% |
The Offer consists of two parts: the Fresh Issue and the Offer for Sale. Proceeds from the Offer for Sale won't go to the company and won't be included in the Net Proceeds. The company intends to use the Net Proceeds from the Fresh Issue for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Gandhar Oil Refinery India IPO DRHP and Gandhar Oil Refinery India IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Gandhar Oil Refinery India Limited" IPO is ₹ 160 to ₹169 per share.
The "Gandhar Oil Refinery India Limited" IPO is expected to be listed on Tuesday, December 5, 2023.
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