Gandhar Oil IPO Date, Review, Price, Allotment Details

Gandhar Oil Limited is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries. As of June 30, 2022, their product suite comprised over 350 products primarily across the personal care, healthcare, and performance oils (“PHPO”), lubricants, and process and insulating oils (“PIO”) divisions under the “Divyol” brand.

Gandhar Oil products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power, and tyre, and rubber sectors. As of June 30, 2022, their products were sold in over 100 countries across the globe. They catered to over 3,500 customers in the Financial Year 2022, 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 UAE.

Objects 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 (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;
• Funding working capital requirements of the Company; and
• General corporate purposes.

Gandhar Oil IPO Review (Apply or Not)

• Apply

Brokerage Firm IPO Review

• BP Equities (BP Wealth): Apply
• Swastika Investmart Ltd: Apply
• Ventura Securities Limited: Apply

Gandhar Oil IPO Date & Price Band Details

Gandhar Oil IPO Market Lot

The Gandhar Oil IPO minimum market lot is 88 shares with ₹14,872 application amount. The retail investors can apply up-to 13 lots with 1144 shares or ₹193,336 amount.

Gandhar Oil IPO Allotment & Listing Dates

The Gandhar Oil IPO date is November 22 and the close date is November 24. The Gandhar Oil IPO allotment will be finalized on November 29 and the IPO listing on November 30.

You can check IPO subscription status and IPO allotment status on their respective pages.

Gandhar Oil IPO Form

How to apply for the Gandhar Oil IPO? You can apply for Gandhar Oil IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Gandhar Oil IPO in the Invest section. The other option is you can apply for Gandhar Oil IPO via IPO forms downloaded via NSE and BSE. Check out the Gandhar Oil forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Gandhar Oil Company Financial Report

Gandhar Oil IPO Valuation – FY2022

Check Gandhar Oil IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Savita Oil Technologies Ltd
• Apar Industries Ltd
• Panama Petrochem Ltd
• Galaxy Surfactants Ltd
• Privi Speciality Chemicals Ltd
• Rossari Biotech Ltd
• Fairchem Organics Ltd

Company Promoters

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

Gandhar Oil IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Gandhar Oil IPO Allotment Status Check

Check Gandhar Oil IPO allotment status on Linkintime website allotment URL. Click Here

Gandhar Oil IPO Lead Managers aka Merchant Bankers

• ICICI Securities Limited
• Edelweiss Financial Services Ltd

Company Address

Gandhar Oil Refinery India Limited
18th floor, DLH Park,
S.V. Road
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: [email protected]
Website: https://gandharoil.com/

Gandhar Oil IPO FAQs