Gandhar Oil IPO Overview: The scheduled date for the Gandhar Oil IPO has been finalized, with the offering set to commence on November 22 and conclude on November 24. The IPO aims to generate approximately ₹501 crores, encompassing a fresh issue of ₹302 crores and an offer for sale comprising up to 1,17,56,910 equity shares at ₹2 each. The allocation structure designates 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
Gandhar Oil Limited stands as a prominent manufacturer of white oils, emphasizing its growth in the consumer and healthcare sectors. As of June 30, 2022, the company’s extensive product portfolio comprised over 350 offerings, spanning the personal care, healthcare, performance oils (“PHPO”), lubricants, and process and insulating oils (“PIO”) divisions, all proudly carried under the renowned “Divyol” brand.
The versatility of Gandhar Oil’s products is underscored by their utilization as key ingredients by leading Indian and global enterprises, contributing to the production of diverse end products across consumer, healthcare, automotive, industrial, power, and tyre and rubber sectors. By June 30, 2022, Gandhar Oil’s products were distributed in more than 100 countries worldwide. During the Financial Year 2022, the company served a robust customer base exceeding 3,500 clients, including esteemed entities such as Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare. This extensive reach is supported by a global supplier network and operational facilities in both India and the United Arab Emirates.
Purpose of the Offering:
- Investment in Texol through a loan to facilitate the repayment/pre-payment of an existing loan obtained by Texol from the Bank of Baroda.
- Capital expenditure for the acquisition of equipment and implementation of civil work to support:
– Capacity expansion for automotive oil at the company’s Silvassa Plant.
– Capacity expansion for petroleum jelly and associated cosmetic product divisions at the company’s Taloja Plant.
– Capacity expansion for white oils by installing blending tanks at the company’s Taloja Plant. - Provision of funds for addressing the working capital requirements of the Company.
- Allocation for general corporate purposes.
Gandhar Oil IPO Review (Apply or Not)
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Details of Gandhar Oil IPO Date and Price Range.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 88 | ₹14,872 |
| Retail Maximum | 13 | 1144 | ₹193,336 |
| S-HNI Minimum | 14 | 1232 | ₹208,208 |
| B-HNI Minimum | 68 | 5984 | ₹10,11,296 |
Gandhar Oil IPO: Information on Date and Price Band.
| IPO Open: | 22-November-2023 |
| IPO Close: | 24-November-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 |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Gandhar Oil IPO: Allotment and Listing Dates.
The IPO for Gandhar Oil is scheduled to open on November 22 and close on November 24. Allotment for the Gandhar Oil IPO is set to be completed by November 29, with the IPO listing scheduled for November 30.
| Anchor Investors Allotment: | 21-November-2023 |
| IPO Open Date: | 22-November-2023 |
| IPO Close Date: | 24-November-2023 |
| Basis of Allotment: | 29-November-2023 |
| Refunds: | 29-November-2023 |
| Credit to Demat Account: | 29-November-2023 |
| IPO Listing Date: | 30-November-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Gandhar Oil IPO Application Process
Learn how to submit your Gandhar Oil IPO application effortlessly. Choose between two convenient methods:
Apply via ASBA (Available in Your Bank Account):
- Access your bank account online.
- Navigate to the Invest section.
- Select Gandhar Oil IPO for application through ASBA.
Apply via IPO Forms (Downloadable from NSE and BSE):
- Download blank IPO forms from NSE and BSE.
- Access BSE Forms & NSE Forms for Gandhar Oil.
- Complete the downloaded form.
- Submit the filled form to your bank or broker.
Experience a seamless application process with Gandhar Oil IPO.
Gandhar Oil Company Financial Report
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | PAT (₹ in Crores) |
| 2020 | ₹2517 | ₹2503 | ₹14.08 |
| 2021 | ₹2242 | ₹2129 | ₹98.49 |
| 2022 | ₹3569 | ₹3344 | ₹160.07 |
| 2023 3M | ₹886 | ₹803 | ₹58.10 |
Gandhar Oil IPO Valuation for FY 2022
Examine comprehensive details of Gandhar Oil IPO valuations, including metrics such as Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| 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 |
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: gandharoil.ipo@linkintime.co.in
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: investor@gandharoil.com
Website: https://gandharoil.com/
Gandhar Oil IPO FAQs
When is the Gandhar Oil IPO scheduled to open and close?
The IPO for Gandhar Oil is set to open on 22 November 2023 and will close on 24 November 2023.
What is the allotment date for Gandhar Oil IPO?
The allotment for the Gandhar Oil IPO is expected to be finalized by 29 November 2023.
When is the listing date for Gandhar Oil IPO?
The IPO is anticipated to be listed on the stock exchange on 30 November 2023.
How can I check the subscription status of Gandhar Oil IPO?
You can monitor the subscription status on the designated page https://upcomingipowatch.in/ipo-subscription-status/.
Where can I check the allotment status of Gandhar Oil IPO?
The allotment status can be verified on the respective page https://upcomingipowatch.in/ipo-allotment-status/.
What is the price band for Gandhar Oil IPO shares?
The price band for Gandhar Oil IPO shares is set between ₹160 to ₹169 Per Share.
Can non-resident Indians (NRIs) apply for Gandhar Oil IPO?
Yes, NRIs are eligible to apply for Gandhar Oil IPO following the guidelines set by regulatory authorities.
