Gandhar Oil Refinery (India) Ltd

Refineries

Offer Period :

22nd to 11th Nov 2023

Gandhar Oil Refinery (India) Ltd IPO Details

IPO Date 22nd to 11th Nov 2023 Minimum Investment ₹14872 / 1 Lots
Listing Date 2023-11-30 Maximum Investment ₹193336 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹500.69 Crores
Price ₹169 to ₹169 per share Fresh Issue ₹302 Crores
Lot Size 1 Lots (88 Shares) Offer For Sale ₹ 198.69
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 22nd to 11th Nov 2023
Listing Date 2023-11-30
Face Value ₹2 per share
Price ₹169 to ₹169 per share
Lot Size 1 Lots (88 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14872 / 1 Lots
Maximum Investment ₹193336 / 13 Lots
Total Issue Size ₹500.69 Crores
Fresh Issue ₹302 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

22nd Nov

IPO Starts

24th Nov

IPO Ends

28th Nov

Allotment Date

29th Nov

Initiation of Refund

29th Nov

Credit of Shares to Demat Account

30th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 42.5 34.74
Public Group 57.5 65.26

Gandhar Oil Refinery (India) Ltd IPO Reservation

QIB Shares Offered 5925346(20%)
NII (HNI) Shares Offered 4444010(15%)
Retail Shares Offered 10369356(35%)
Anchor Investor Shares Offered 8888020(30%)
Total Shares Offered 29626732
Total Shares With Anchor Investor 29626732

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Gandhar Oil Refinery (India) Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id
Our Website www.linkintime.co.in

Gandhar Oil Refinery (India) Ltd IPO Lead Manager

1. Nuvama Wealth Management Ltd

2. ICICI Securities Ltd

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Gandhar Oil Refinery (India) Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Gandhar Oil Refinery (India) Ltd

1. Leading market share of the Indian white oils market with significant overseas sales, focused on the consumer and healthcare end-industries.

2. Extensive and diversified customer base and a supplier base comprised of leading oil companies with competitive pricing terms.

3. Strategically located manufacturing facilities and in-house R&D capabilities.

4. Resilient, flexible and scalable business model with prudent risk management framework.

5. Track record of consistent financial performance.

6. Experienced and qualified management team.

Risks Involved

1. The company depends significantly on its personal care, health care and performance oil business division and downturns in the industries addressed by this business division or an inability to manage sales by the business division effectively leading to any reduction in revenue from this division could adversely affect its business, financial condition and results of operations.

2. The company is subject to strict quality requirements and standards and inspections and the success and acceptance of its products by its customers is largely dependent on its ability to meet such quality requirements and standards. Its failure to comply with the quality standards and technical specifications prescribed by such customers may lead to a loss of business from such customers and could negatively impact its reputation, which would have an adverse impact on its business prospects and results of operations.

3. Its inability to effectively manage its growth and expansion or to successfully implement the company's business plan and growth strategy, including in relation to the expansion of its manufacturing plants, could have an adverse effect on its business, results of operations and financial condition.

4. Delays, interruptions or reduction in the supply of raw materials to manufacture its products and abrupt fluctuations in the prices of its raw materials may adversely affect the company's business, results of operation, financial condition and cash flows.

5. The company is exposed to counterparty credit risk and any delay in, or non-receipt of, payments may adversely affect itsr cash flows and results of operations.

6. Exchange rate fluctuations in various currencies in which the company do business could negatively impact its business, financial condition and results of operations.

7. Its overall business and the demand for the company products is dependent on the end industries in which its products are used and any decline in the demand for its customers' end products could have an adverse impact on its business, results of operations, cash flows and financial condition.

8. Any slowdown or shutdown in its manufacturing operations, or under-utilization at its manufacturing facilities, including due to labour unrest, or any inability to obtain adequate electricity, fuel or water with respect to such operations, could have an adverse effect on its business, results of operations, financial condition and cash flows.

9. The company obtain a substantial portion of its raw materials from a limited number of suppliers and the company does not have long-term contracts with its suppliers. If one or more of its top suppliers were to suffer a deterioration of their business, cease doing business with it or substantially reduce their dealings with the comaany, its business, results of operations, cash flows and financial condition may be adversely affected.

10. The company have significant working capital requirements. If its experience insufficient cash flows to fund the company working capital requirements or if its not able to provide collateral to obtain letters of credit and bank guarantees in sufficient quantities, there may be an adverse effect on its business, cash flows and results of operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 1613.44 1318.21 1100.93
Total Liabilities 1613.44 1318.21 1100.93
Total Expenses 3830.84 3344.24 2129.42
Total Revenue 
4101.79 3568.96 2242.59
Profit After Tax 190.12 147.36 100.32
EBITDA 338.97 272.07 167.47
Adjusted EBITDA 0 0 0

Gandhar Oil Refinery (India) Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-30 544029 GANDHAR
INE717W01049
₹169 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹169 ₹169
Open ₹295.4 ₹298
Low ₹295 ₹295.3
High ₹344.6 ₹344.05
Low ₹295 ₹295.3

Frequently Asked Questions

What is Gandhar Oil Refinery (India) Ltd IPO?

Answer Field

Gandhar Oil Refinery (India) Ltd IPO is a Mainboard IPO of 2,96,26,732 equity shares of a face value of ₹2 aggregating up to ₹500.69 Crores. The issue is priced at ₹169 to ₹169 per share. The minimum order quantity is 88 Shares. The IPO opens on November 22, 2023, and closes on November 24, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Gandhar Oil Refinery (India) Ltd IPO will open?

Answer Field

The Gandhar Oil Refinery (India) Ltd IPO opens on November 22, 2023 and closes on November 24, 2023.

What is the lot size of Gandhar Oil Refinery (India) Ltd?

Answer Field

Gandhar Oil Refinery (India) Ltd lot size is 88 shares, and the minimum amount required is ₹14,872.

How to apply for Gandhar Oil Refinery (India) Ltd IPO?

Answer Field

You can apply in Gandhar Oil Refinery (India) Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Gandhar Oil Refinery (India) Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Gandhar Oil Refinery (India) Ltd IPO will be done on November 28, 2023, and the allotted shares will be credited to your demat account by November 29, 2023.

When is Gandhar Oil Refinery (India) Ltd IPO listing date?

Answer Field

The Gandhar Oil Refinery (India) Ltd listing date is November 30, 2023.

Who is the registrar of Gandhar Oil Refinery (India) Ltd IPO?

Answer Field

The registrar of Gandhar Oil Refinery (India) Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Nuvama Wealth Management Ltd,ICICI Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Gandhar Oil Refinery (India) Ltd IPO?

Answer Field

The fresh issue size is ₹302 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Gandhar Oil Refinery (India) Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 88 shares and ₹14,872 amount.

How can I approve the UPI mandate request for Gandhar Oil Refinery (India) Ltd IPO?

Answer Field

To apply for Gandhar Oil Refinery (India) Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Gandhar Oil Refinery (India) Ltd?

Answer Field

The price of each Gandhar Oil Refinery (India) Ltd share will be ranging in between ₹169 to ₹169 per share.

What is the cut-off time for the UPI mandate for Gandhar Oil Refinery (India) Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 24, 2023.

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