Gandhar Oil Refinery (India) IPO Details
Issue Date
22 Nov - 24 Nov'23
Price Range
₹160 - ₹169
Lot Size
88
IPO Size
₹500.69 Cr
Gandhar Oil Refinery (India) IPO Listing Details
Listing On
30 Nov'23
Issue Price
₹169
Listed Price
₹ 298
Retail Gain/Listing Gain
▲76.33%
Schedule of Gandhar Oil Refinery (India) IPO
Start date
22/11/2023
End date
24/11/2023
Allotment of bids
Refund Initiation
Listing on exchange
30/11/2023
Fedbank Financial Services IPO Review | Issue Details, Revenue, Future Strategies & More
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Company Background
Gandhar Oil Refinery (India) Limited holds a prominent position as a top revenue-generating producer of white oils. The company's strategic emphasis is on the consumer and healthcare sectors, (Source: CRISIL Report). As of June 30, 2023, the product portfolio comprises over 440 items, primarily spanning the personal care, healthcare, and Performance Oils (PHPO), as well as the Lubricants and Process and Insulating Oils (PIO) divisions, all under the renowned "Divyol" brand.
The company’s 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.
In FY23, the company is also India’s largest manufacturer of 204 white oils by revenue, including domestic and overseas sales, and is one of the top five players globally in terms of market share in the calendar year 2022 (Source: CRISIL Report).
Competitive Strengths
Leading market share of the Indian white oils market
Extensive and diversified customer and supplier base
Resilient, flexible and scalable business model
Risk Factors
- There is significant dependence on the personal care, health care and performance oil business division.
- The company is subject to strict quality requirements and the success of products is largely dependent on meeting such quality requirements and standards.
- An inability to manage their growth strategy and expansion plan may adversely affect the business.
Key Strategies
- Enhanced focus on the consumer and healthcare end-industries.
- Continue to increase overseas sales by strategically expanding product offerings.
- Strengthen the customer base by growing existing customer business and acquiring new customers.
Key Financials
Here are the key financials for Gandhar Oil Refinery (India) Limited:
How to apply for IPO through ASBA
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Gandhar Oil Refinery (India) IPO FAQs
The Gandhar Oil Refinery (India) IPO opens for subscription from 22-11-2023 to 24-11-2023, with a total issue size of ₹500.69 Cr. The IPO price band is ₹160 to ₹169 per share with a lot size of 88. The company aims to list the shares on BSE & NSE on 30-11-2023.
The Gandhar Oil Refinery (India) IPO will open for subscription on 22-11-2023 and will close on 24-11-2023 for investors.
The minimum lot size for the Gandhar Oil Refinery (India) IPO is 88 equity shares, requiring a minimum investment of ₹14872 for retail investors applying in the IPO.
The price band of the Gandhar Oil Refinery (India) IPO has been fixed at ₹160 to ₹169 per equity share.
You can apply for the Gandhar Oil Refinery (India) IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Gandhar Oil Refinery (India) IPO allotment will take place on [-].
You can check the Gandhar Oil Refinery (India) IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Gandhar Oil Refinery (India) shares will list on the stock exchanges on 30-11-2023.
The Gandhar Oil Refinery (India) Limited IPO has an issue size of Rs. 500.69 crores. The IPO opens for subscription on 22nd November and closes on 24th November 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Gandhar Oil Refinery (India) Limited and its IPO from the company’s red herring prospectus (RHP) here:
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