Gandhar Oil Services IPO Overview
You are at right place to check all the details regarding Gandhar Oil IPO. The dates for Gandhar Oil IPO is announced. The IPO will open on November 22, 2023 and will close on November 24, 2023. The IPO price band is fixed at Rs 160 to Rs 169 Per Share. The company aims to to raise around Rs 501Cr via this IPO. You can find complete information about Gandhar Oil IPO in this post.
The lot size for the application is 88 shares and hence minimum amount that you would need for this IPO (by retail investors) is Rs 14872.
About Gandhar Oil IPO:
Gandhar Oil Limited is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries. As of June 30, 2022, their product suite comprised over 350 products primarily across the personal care, healthcare, and performance oils (“PHPO”), lubricants, and process and insulating oils (“PIO”) divisions under the “Divyol” brand.
Gandhar Oil 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. As of June 30, 2022, their products were sold in over 100 countries across the globe.
They catered to over 3,500 customers in the Financial Year 2022, 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 our global supplier base and manufacturing operations in India and UAE.
Objects of the Issue
- Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda;
- Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at the company’s Silvassa Plant; (ii) expansion in the capacity of petroleum jelly and accompanying cosmetic product division at the company’s Taloja Plant; and (iii) expansion in capacity of white oils by installing blending tanks at the company’s Taloja Plant;
- Funding working capital requirements of the Company; and
- General corporate purposes.
Gandhar Oil IPO Review (Apply or Not?)
May Apply
Gandhar Oil IPO Brokrage House Reviews:
- BP Equities (BP Wealth): Apply
- Swastika Investmart Ltd: Apply
- Ventura Securities Limited: Apply
Gandhar Oil IPO Date & Price Band Details
| IPO Open: | November 22, 2023 |
| IPO Close: | November 24, 2023 |
| IPO Size: | ₹501Crore |
| Fresh Issue: | ₹302 Crores |
| Offer For Sale | 1,17,56,910 Equity Shares |
| Face Value: | Rs2 Per Equity Share |
| IPO Price Band: | ₹1160 to ₹169 Per Share |
| IPO Lot Size | 88 Shares |
| 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 Market Lot
The Gandhar Oil IPO minimum market lot is 88 shares with ₹14,872 application amount. The retail investors can apply up-to 13 lots with 1144 shares or ₹193,336
| Category | Lot Size | Shares | Required 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 Allotment & Listing Dates
The Gandhar Oil IPO date is November 22 and the close date is November 24. The Gandhar Oil IPO allotment will be finalized on Novermber 30 2023 and the IPO listing on December 05, 2023.
| Anchor Investors Allotment: | November 21, 2023 |
| IPO Open Date: | November 22, 2023 |
| IPO Close Date: | November 24, 2023 |
| Basis of Allotment: | November 30, 2023 |
| Refunds: | December 01, 2023 |
| Credit to Demat Account: | December 04, 2023 |
| IPO Listing Date: | December 05, 2023 |
Gandhar Oil Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹2517 | ₹2503 | ₹14.08 |
| 2022 | ₹2242 | ₹2129 | ₹98.49 |
| 2023 | ₹3569 | ₹3344 | ₹160.07 |
Gandhar Oil IPO Valuation
Below is the financial details of Gandhar Oil for the year FY2023.
| Earning Per Share (EPS): | Rs20.99 per Equity Share |
| P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 32.53% |
| Debt/Equity: | ₹70.03 per Equity Share |
Company Promoters:
- Mr Ramesh Babulal Parekh
- Mr Samir Ramesh Parekh
- Mr Aslesh Ramesh Parekh
Competitor Companies:
- Savita Oil Technologies Ltd
- Apar Industries Ltd
- Panama Petrochem Ltd
- Galaxy Surfactants Ltd
- Privi Speciality Chemicals Ltd
- Rossari Biotech Ltd
- Fairchem Organics Ltd
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 Lead Managers
- ICICI Securities Limited
- Bnp Paribas
- Equirus Capital Private Limited
- JM Financial Limited
Gandhar Oil IPO Allotment Status Check
Allotment status of Gandhar Oil IPO can be checked on Linkintime website : Click here
Company Address of Gandhar Oil:
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 Gandhar Oil IPO will open and close?
The IPO is to open on November 22, 2023 for QIB, NII, and Retail Investors and closes on November 24,2023
What is Gandhar Oil IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is the Gandhar Oil IPO Allotment Date?
Gandhar Oil IPO allotment date is November 30, 2023.
What is the Gandhar Oil IPO Listing Date?
Gandhar Oil IPO listing date is December 05, 2023. The IPO is to list on BSE and NSE.
How to Apply the Gandhar Oil IPO through Zerodha?
You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Gandhar Oil”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.