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)
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Gandhar Oil IPO Date & Price Band Details
|IPO Open:||November 22, 2023|
|IPO Close:||November 24, 2023|
|IPO Size:||Approx ₹501 Crores|
|Fresh Issue:||Approx ₹302 Crores|
|Offer for Sale:||Approx 1,17,56,910 Equity Shares|
|Face Value:||₹2 Per Equity Share|
|IPO Price Band:||₹160 to ₹169 Per Share|
|IPO Listing on:||BSE & NSE|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors List:||Click Here|
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.
|Anchor Investors Allotment:||November 21, 2023|
|IPO Open Date:||November 22, 2023|
|IPO Close Date:||November 24, 2023|
|Basis of Allotment:||November 29, 2023|
|Refunds:||November 29, 2023|
|Credit to Demat Account:||November 29, 2023|
|IPO Listing Date:||November 30, 2023|
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
|₹ in Crores|
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.
|Earning Per Share (EPS):||₹20.99 per Equity Share|
|Price/Earning P/E Ratio:||N/A|
|Return on Net Worth (RoNW):||32.53%|
|Net Asset Value (NAV):||₹70.03 per Equity Share|
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Gandhar Oil IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
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
Gandhar Oil Refinery India Limited
18th floor, DLH Park,
Goregaon (W), Mumbai 400 062
Phone: +91 22 4063 5600
Email: [email protected]
Gandhar Oil IPO FAQs
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Note: The Gandhar Oil IPO price band and date are officially announced. The IPO grey market premium (Gandhar Oil IPO Premium) will be added to the IPO grey market page as it will start).
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