Gandhar Oil IPO GMP, Price, Date, Allotment

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Last updated on November 28, 2023

Gandhar Oil IPO GMP

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)
Gandhar Oil Refinery (India) IPO

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 Dates22 – 24 November 2023
Gandhar Oil Refinery (India) IPO PriceINR 160 – 169 per share
Fresh issue17,869,822 shares (INR 285.92 – 302 crore)
Offer For Sale11,756,910 shares (INR 188.11 – 198.69 crore)
Total IPO size29,626,732 shares (INR 474.03 – 500.69 crore)
Minimum bid (lot size)88 shares (INR 14,872)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

Gandhar Oil Refinery (India) Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Revenue2,221.003,543.374,079.441,070.34
Expenses2,129.423,344.243,830.841,004.38
Net income98.68160.22201.1653.93
Margin (%)4.444.524.935.04
Figures in INR Crores unless specified otherwise

Gandhar Oil Offer News


Gandhar Oil Refinery (India) Valuations & Margins

FY 2021FY 2022FY 2023
EPS12.5418.4223.77
PE ratio6.73 – 7.11
RONW (%)24.7732.5432.28
NAV55.6070.0995.03
ROCE (%)29.3742.1041.19
EBITDA (%)6.256.947.76
Debt/Equity0.180.280.22
*Compiled by IPO Central from Prospectus

Gandhar Oil IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
28 November 2023754003,000
27 November 2023754003,000
25 November 2023754003,000
24 November 2023704003,000
23 November 2023654003,000
22 November 202360
21 November 202355
20 November 202352
18 November 202345
17 November 202350
16 November 202348
15 November 202342
14 November 202345
11 November 202340
10 November 202325
9 November 202325

Gandhar Oil IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered59,27,98445,94,7871,07,21,1692,12,43,940
24 Nov 2023129.0062.2328.9264.05
23 Nov 20233.1426.2417.2715.27
22 Nov 20231.357.706.925.54

Gandhar Oil IPO Allotment Status

Gandhar Oil IPO allotment status will be 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 Date22 November 2023
Gandhar Oil IPO Closing Date24 November 2023
Finalization of Basis of Allotment28 November 2023
Initiation of refunds29 November 2023
Transfer of shares to demat accounts30 November 2023
Gandhar Oil IPO Listing Date30 November 2023
Opening Price on NSEComing soon
Closing Price on NSEComing soon

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[email protected]
Website: 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: +91 810 811 4949
Email: [email protected]
Website: 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: +91 22 4063 5600
Email: [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 75 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 3,000 per application.

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