Gandhar Oil Refinery India Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹160 - ₹169
- Lot size
- 88 shares
- Issue amount
- ₹500.69 cr
- Total subscription
- 64.07×
- Opens
- 22 Nov 2023
- Closes
- 24 Nov 2023
- Allotment
- 29 Nov 2023
- Listing
- 30 Nov 2023
Offer at a glance
Issue overview
- Issue size
- 2,96,26,732 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹14,080
- Fresh issue
- ₹302 cr
- Offer for sale
- ₹198.69 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,872
- Issue type
- Book Built Issue IPO
- Shares before issue
- 8,00,00,000
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 88 | ₹14,872 |
| sHNI | 14 | 1,232 | ₹2,08,208 |
| bHNI | 68 | 5,984 | ₹10,11,296 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 100.18 | 12,923.65 |
| RETAIL | 181.19 | 5,244.96 |
| NIB | 77.65 | 4,832.28 |
| HNIs 2+ | 25.88 | 1,731.74 |
| HNIs 10+ | 51.77 | 3,100.54 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 23.77 |
| ROE | 32.28 |
| ROCE | 41.19 |
| RONW | 32.28 |
| PRE IPO(PE) | 0 |
| POST IPO(PE) | 6.16 |
Values and labels as reported in the issue data.
Company information
Company profile
Gandhar Oil Limited is a leading manufacturer of white oils used mainly in consumer and healthcare industries, offering over 350 products under the brand name “Divyol”. Their products are key ingredients for many end products in sectors like consumer goods, healthcare, automotive, industrial, power, tyre, and rubber. The company serves both Indian and global markets, supplying to more than 100 countries as of June 2022. Gandhar Oil has over 3,500 clients worldwide, including well-known brands like P&G, Unilever, Marico, Dabur, Patanjali Ayurved, Bajaj Consumer Care, Emami, Encube, and Amrutanjan Healthcare.
Promoters
Mr Ramesh Babulal Parekh
Mr Samir Ramesh Parekh
Mr Aslesh Ramesh Parekh
Registrar & documents
Lead manager
Edelweiss Financial Services Limited, ICICI Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
18th floor, DLH Park, S.V. Road Goregaon (W), Mumbai 400 062
+91 22 4063 5600
[email protected]Company website ↗Understanding GANDHAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.