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IPO Status: Listed [22nd Nov 2023 to 24th Nov 2023]
Gandhar Oil Refinery (India) Limited conducts its initial public offering on the NSE and BSE. The total size of this IPO is Rupees 500.00 crore, including a new issue worth Rupees 357.00 crore and an OFS issue worth Rupees 143.00 crore. The subscription period for this IPO will run from Nov 22 to 24, 2023 and the face value of each share is Rupees 2. The price range for the issue is between Rs 160 and 169 per share and the lot size is 88 shares or a multiple thereof.
Visit this website to get the latest information on the IPO of Gandhar Oil Refinery (India) Limited, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 22nd Nov 2023 |
| IPO Issue Closing Date: | 24th Nov 2023 |
| IPO Issue Price: | ₹160.00-169.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹500.69 Cr |
| Offer for Sale: | ₹198.69 Cr |
| Fresh Issue: | ₹302.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 87.50% |
| Promoter Holding Post IPO: | 64.63% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544029 |
| NSE Code: | GANDHAR |
Get important updates regarding Gandhar Oil Refinery IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Nov 2023 |
| Refunds Initiation* | 29th Nov 2023 |
| Credit of Shares to Demat* | 29th Nov 2023 |
| IPO Listing Date* | 30th Nov 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹160.00-169.00 |
| Market Lot: | 88 Shares |
| 1 Lot Amount: | ₹14872 |
| Min Small HNI Lots(2-10 Lakh): | 1232 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 5984 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-11-2023 | 169.00 | 73 | 4900/68600 | ₹242 (43.2%) | 30-Nov-2023 9:24 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established on October 7, 1992, Gandhar Oil Refinery (India) is a leading producer of white oils with an increasing focus on the consumer and healthcare industry. The product range comprises more than 350 products, primarily in the areas of personal care, healthcare and performance oils (“PHPO”), lubricants and process and insulating oils (“PIO”) under the “Divyol” brand. Leading Indian and global companies use the company's products as ingredients in manufacturing end products in the consumer goods, healthcare, automotive, industrial, energy, tyre and rubber sectors.
The company's products are sold in over 100 countries around the world. In FY2022, the company served more than 3,500 customers, 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 its global supply base and manufacturing facilities in India and the UAE. As a manufacturer of speciality oils, the company's products and processes must meet stringent standards and other specifications set by customers. The company believes that its long-standing relationships with several leading Indian and global companies demonstrate that it meets these requirements.
| Incorporation | Sector | IPO Issue Size | Website |
| 1992 | Refinery Oil | ₹500.69 Cr | https://gandharoil.com/ |
The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 5,925,346 (28.57%) | 4,444,010 (21.43%) | 10,369,356 (50%) | 20,738,712 | |
| 1 | 22nd Nov 2023 19:04 | 1.35x | 8.01x | 7.35x | 5.78x |
| 2 | 23rd Nov 2023 19:04 | 3.14x | 27.24x | 18.25x | 15.86x |
| 3 | 24th Nov 2023 19:04 | 129.06x | 64.34x | 29.93x | 65.63x |
Gandhar Oil Refinery (India) Limited's revenue increased by 20.71% and profit after tax (PAT) rose by 15.67% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,795.57 | 1,613.44 | 1,318.21 | 1,097.70 |
| Revenue | 1,071.52 | 4,101.79 | 3,397.98 | 2,069.58 |
| Profit After Tax | 54.28 | 213.18 | 184.30 | 161.14 |
| Net Worth | 810.79 | 760.21 | 560.71 | 375.76 |
| Reserves and Surplus | 763.99 | 719.19 | 529.07 | 355.68 |
| Total Borrowing | 335.62 | 169.53 | 158.16 | 176.78 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Gandhar Oil Refinery India Limited | 23.77 | 23.77 | 95.03 | 32.28 | Consolidated | |
| Savita Oil Technologies Ltd | 32.66 | 32.66 | 209.7 | 10.84 | 16.68 | Consolidated |
| Apar Industries Ltd | 166.64 | 166.64 | 584.39 | 29.96 | 32.28 | Consolidated |
| Panama Petrochem Ltd | 38.51 | 38.51 | 157.39 | 7.96 | 27.08 | Consolidated |
| Galaxy Surfactants Ltd | 107.46 | 107.46 | 530.97 | 24.16 | 22.04 | Consolidated |
| Privi Speciality Chemicals Ltd | 5.45 | 5.45 | 213.88 | 222.13 | 2.57 | Consolidated |
| Rossari Biotech Ltd | 19.46 | 19.38 | 165.92 | 40.73 | 12.47 | Consolidated |
| Fairchem Organics Ltd | 33.41 | 33.41 | 199.11 | 32.74 | 17.7 | Consolidated |
Last Updated on 04-Dec-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Gandhar Oil Refinery IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Gandhar Oil Refinery IPO with Zerodha.
Alternate approch to apply in Gandhar Oil Refinery IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Gandhar Oil Refinery IPO Review and Important Updates
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To subscribe or apply in Gandhar Oil Refinery IPO, you can use the following methods:
| Gandhar Oil Refinery IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Gandhar Oil Refinery IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Gandhar Oil Refinery IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Gandhar Oil Refinery IPO. Most of the Syndicate Banks provide access to apply in Gandhar Oil Refinery IPO via ASBA process. You must have your net banking access, DP ID information to apply in Gandhar Oil Refinery IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Gandhar Oil Refinery IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Gandhar Oil Refinery IPO Review and Important Updates
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Applying in Gandhar Oil Refinery IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Gandhar Oil Refinery IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Gandhar Oil Refinery IPO, please refer article >> Link
Gandhar Oil Refinery IPO Review and Important Updates
Steps to download the online application form for Gandhar Oil Refinery IPO
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Gandhar Oil Refinery IPO is going to be list on 30-11-2023. NSE Code for Gandhar Oil Refinery is GANDHAR. BSE Code for Gandhar Oil Refinery is 544029.
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Gandhar Oil Refinery IPO Allotment Date is 28-11-2023.
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