Gandhar Oil IPO Description – Gandhar Oil Refinery is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end industries. As of 30 June 2022, its 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.
The products are used as ingredients by leading Indian and global companies to manufacture end products for the consumer, healthcare, automotive, industrial, power, tyre, and rubber sectors. The company’s pro forma consolidated revenue from operations grew at a CAGR of 49.68% between the FY 2020 and 2022, which was the highest CAGR among selected specialty oil peers, and second highest CAGR growth among selected specialty chemical peers.
As of 30 June 2022, its products were sold in over 100 countries across the globe. Gandhar Oil catered to over 3,529 customers in the FY 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.
The product categories and primary end-industries for its three main business divisions are as follows:
- Personal Care, Healthcare, and Performance Oils (PHPO)
- Lubricants
- Process and Insulating Oils (PIO)
Promoters of Gandhar Oil Refinery (India) – Mr. Ramesh Babulal Parekh, Mr. Samir Ramesh Parekh, and Mr. Aslesh Ramesh Parekh
Gandhar Oil IPO Details
| Gandhar Oil IPO Dates | 22 – 24 November 2023 |
| Gandhar Oil Refinery (India) IPO Price | INR 160 – 169 per share |
| Fresh issue | 17,869,822 shares (INR 285.92 – 302 crore) |
| Offer For Sale | 11,756,910 shares (INR 188.11 – 198.69 crore) |
| Total IPO size | 29,626,732 shares (INR 474.03 – 500.69 crore) |
| Minimum bid (lot size) | 88 shares (INR 14,872) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Gandhar Oil Refinery (India) Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 2,221.00 | 3,543.37 | 4,079.44 | 1,070.34 |
| Expenses | 2,129.42 | 3,344.24 | 3,830.84 | 1,004.38 |
| Net income | 98.68 | 160.22 | 201.16 | 53.93 |
| Margin (%) | 4.44 | 4.52 | 4.93 | 5.04 |
Gandhar Oil Offer News
- Gandhar Oil Refinery IPO Explained in 10 Points
- Gandhar Oil Refinery (India) RHP
- Gandhar Oil Refinery (India) DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Gandhar Oil Refinery (India) Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 12.54 | 18.42 | 23.77 |
| PE ratio | – | – | 6.73 – 7.11 |
| RONW (%) | 24.77 | 32.54 | 32.28 |
| NAV | 55.60 | 70.09 | 95.03 |
| ROCE (%) | 29.37 | 42.10 | 41.19 |
| EBITDA (%) | 6.25 | 6.94 | 7.76 |
| Debt/Equity | 0.18 | 0.28 | 0.22 |
Gandhar Oil IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 30 November 2023 | 68 | 400 | 2,800 |
| 29 November 2023 | 68 | 400 | 2,800 |
| 28 November 2023 | 75 | 400 | 3,000 |
| 27 November 2023 | 75 | 400 | 3,000 |
| 25 November 2023 | 75 | 400 | 3,000 |
| 24 November 2023 | 70 | 400 | 3,000 |
| 23 November 2023 | 65 | 400 | 3,000 |
| 22 November 2023 | 60 | – | – |
| 21 November 2023 | 55 | – | – |
| 20 November 2023 | 52 | – | – |
| 18 November 2023 | 45 | – | – |
| 17 November 2023 | 50 | – | – |
| 16 November 2023 | 48 | – | – |
| 15 November 2023 | 42 | – | – |
| 14 November 2023 | 45 | – | – |
| 11 November 2023 | 40 | – | – |
| 10 November 2023 | 25 | – | – |
| 9 November 2023 | 25 | – | – |
Gandhar Oil IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 59,27,984 | 45,94,787 | 1,07,21,169 | 2,12,43,940 |
| 24 Nov 2023 | 129.00 | 62.23 | 28.92 | 64.05 |
| 23 Nov 2023 | 3.14 | 26.24 | 17.27 | 15.27 |
| 22 Nov 2023 | 1.35 | 7.70 | 6.92 | 5.54 |
Gandhar Oil IPO Allotment Status
Gandhar Oil IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Gandhar Oil IPO Dates & Listing Performance
| Gandhar Oil IPO Opening Date | 22 November 2023 |
| Gandhar Oil IPO Closing Date | 24 November 2023 |
| Finalization of Basis of Allotment | 29 November 2023 |
| Initiation of refunds | 29 November 2023 |
| Transfer of shares to demat accounts | 30 November 2023 |
| Gandhar Oil IPO Listing Date | 30 November 2023 |
| Opening Price on NSE | INR 298 per share (up 76.33%) |
| Closing Price on NSE | INR 301.40 per share (up 78.34%) |
Gandhar Oil IPO Reviews – Subscribe or Avoid?
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Gandhar Oil Refinery (India) Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Gandhar Oil Refinery (India) Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Gandhar Oil Contact Details
GANDHAR OIL REFINERY (INDIA) LIMITED
18th floor, DLH Park, S.V. Road,
Goregaon (W), Mumbai 400 062, Maharashtra
Phone:Â +91 22 4063 5600
Email:Â [email protected]
Website: www.gandharoil.com
Gandhar Oil IPO FAQs
How many shares in Gandhar Oil Refinery (India) IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Gandhar Oil Public Offer?
The best way to apply in Gandhar Oil public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Gandhar Oil IPO GMP today?
Gandhar Oil IPO GMP today is INR 68 per share.
What is Gandhar Oil kostak rate today?
Gandhar Oil kostak rate today is INR 400 per application.
What is Gandhar Oil Subject to Sauda rate today?
Gandhar Oil Subject to Sauda rate today is INR 2,800 per application.
