Back arrow

Gandhar Oil Ref.

CMP

158.04

+1.65 (1.06%)

  • DRHP
₹169

Offer Price

₹ 500.69 Cr

Issue Size

₹ 14,872

Min Investment

64.07x

Times Subscribed

88

Lot size

Time Line

  • 22
    Nov 2023
    Open
  • 24
    Nov 2023
    Close
  • 28
    Nov 2023
    Finalisation of Basis of Allotment
  • 29
    Nov 2023
    Initiation of Refunds
  • 29
    Nov 2023
    Transfer of Shares to Demat Account
  • 30
    Nov 2023
    Listing Date

Shares Offered

Chart

Pie chart with 5 slices.
End of interactive chart.

Number of Times Subscribed

Objects of the Offer

  • Enhanced focus on the consumer and healthcare end-industries.

  • Continue to increase overseas sales by strategically expanding product offerings.

  • Strengthen its customer base by growing existing customer business and acquiring new customers.

  • Strengthen its manufacturing and R&D capabilities.

Products & Services

  • Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries.

Strengths

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

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

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

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

  • Track record of consistent financial performance.

Risks

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
7.76%
Pre Holding

42.50%

Post Holding

34.74%

Top Promoters Holding

Chart

Pie chart with 1 slice.
End of interactive chart.

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 2,221.00 (-11.30%) 3,543.37 (59.50%) 4,079.44 (15.10%)
Gross Profit 131.69 (461.30%) 240.34 (82.50%) 287.46 (19.60%)
Net Income 100.32 (917.40%) 147.36 (46.90%) 190.12 (29.00%)
Assets 538.08 (8.90%) 753.85 (40.10%) 983.67 (30.50%)
Liabilities 93.25 (-37.10%) 212.73 (128.10%) 258.37 (21.50%)

Peers

Book Running Managers

  • Nuvama Wealth Management Ltd
  • ICICI Securities Ltd

Registrar & Transfer Agent

MUFG Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

18th Floor DLH Park S V Road,
Goregaon (West),
Mumbai - 400062
Phone : 91-22 4063 5600 Email : investor@gandharoil.com www.gandharoil.com

Offer Related Information

Initial public offering of 29,626,732* equity shares of face value of Rs. 2 each (Equity Shares) of Gandhar Oil Refinery (India) Limited (the Company or the Issuer) for cash at a price of Rs. 169 per equity share (including a premium of Rs. 167 per equity share) (the Offer Price) aggregating to Rs. 500.69* crores (the Offer) comprising a fresh issue of 17,869,822* equity shares by the company aggregating to Rs. 302.00* crores (the Fresh Issue) and an offer for sale of 11,756,910 equity shares... More

News

  • No Data Found.

Gandhar Oil Ref. FAQ's

The shares of Gandhar Oil Ref. were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Gandhar Oil Ref. IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Gandhar Oil Ref. public issue was 125 shares.

The price band of the IPO of Gandhar Oil Ref. was Rs. 114 to Rs. 120 per equity share.

Gandhar Oil Ref. IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Gandhar Oil Ref. IPO.

Download Our App On:

SunMonTueWedThuFriSat
2627282930311234567891011121314151617181920212223242526272829303112345